Community First Bankshares has agreed to sell the operating assets of its two subprime lending subsidiaries, Equity Lending Inc. and Mountain Parks Financial Services Inc.

Seven loan production offices of Equity Lending, which originates residential nonconforming mortgages, are being sold to FirstPlus Financial Group Inc. in a cash transaction.

The Aurora, Colo., headquarters of Mountain Parks Financial Services, which buys subprime auto installment contracts, will be bought by Cygnet Financial Services.

Terms of the deals were not disclosed.

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