Now that it has purchased a thrift focusing on wholesale lending, Marine Midland Bank plans to create a midsize mortgage company emphasizing that side of the business.

The new operation, integrating First Federal Savings and Loan Association of Rochester, will rely on rigorous oversight and geographic diversification to prosper, said executive vice president Robert E. Roth.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.