COLUMBIA, S.C. - Resource Bancshares Mortgage Group is forming a retail production unit and has named Joseph P. Sheridan to head it.

The move is part of Resource's strategic plan to broaden the production base of the company, according to Richard M. Duncan, executive vice president of production. Resource presently operates a correspondent division headed by Thomas S. Palmer and a wholesale division headed by Edward F. Wallace Jr.

Mr. Sheridan was formerly with Fleet Mortgage Group as a senior vice president. In his new position, Mr. Sheridan will be in charge of building a retail production network that will focus on geographic areas where Resource does not have a strong presence with its existing lines of business.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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