Resource Bancshares Mortgage Group said this week that it would operate as a holding company.

The company's units will be RBMG Inc., handling all agency-eligible operations; Meritage Mortgage Corp., a subprime lender; Republic Leasing Co., an equipment lender; and Laureate Capital Corp.

Executives of the holding company will be Edward J. Sebastian, chairman and chief executive; David W. Johnson, president; and Steven F. Herbert, chief financial officer.

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