Societe Generale Securities Corp., in an effort to expand its presence as a full-service loan provider, has bought Meenan McDevitt & Co., a loan- brokering boutique.

The deal, announced Tuesday, effectively shuts down Meenan McDevitt, based in Harrison, N.Y. Meenan McDevitt's 12 employees will be absorbed into Societe Generale's loan department. The deal price was not disclosed.

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.