The distressed-asset specialist Wilshire Financial Services Group Inc. announced an agreement this week to buy control of Royal St. Georges Banque, a French mortgage lender.

Wilshire, based in Portland, Ore., said Tuesday that it is buying 99% of the stock of Royal St. Georges. Terms of the deal were 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.