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.

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.