A West Virginia bank holding company in search of a new money-maker has plunged into mortgage servicing at a time when others are exiting the sometimes risky business.

City Holding Co. of Charleston acquired a $600 million servicing portfolio of FHA Title I home improvement loans from the former Prime Financial Corp., Costa Mesa, Calif., last month

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.