ViewPoint Bank completes acquisition of Bankers Financial Mortgage Group
ViewPoint Bank has today completed the acquisition of the assets and loan origination business of Texas-based Bankers Financial Mortgage Group, Ltd., (BFMG). The acquisition, effective September 1, 2007, was completed through Viewpoint Bank subsidiary Community Financial Services Inc. (CFS). It will increase CFS/ViewPoint Bank's mortgage origination centers by 10 and mortgage loan officers by 40. Headquartered in Plano, Texas, ViewPoint Bank is a wholly owned subsidiary of ViewPoint Financial Group and is the largest financial institution based in Collin County, Texas, with assets of more than $1.6 billion.
Clancy appointed to Federal Home Loan Bank of Boston board of directors
Federal Home Loan Bank of Boston has appointed Patrick E. Clancy, president and chief executive officer of the Boston-based nonprofit corporation, The Community Builders, to its board of directors. In 2004, Clancy received the Sanctae Crucis award for his lifetime contribution to the development of urban neighborhoods. He had served on the Federal Bank's affordable housing advisory council. The Federal Home Loan Bank is a cooperatively owned wholesale bank for the six New England states. The bank focuses on supporting the residential-mortgage and community-development lending activities of its members across New England.
Sovereign Bank ranked top among retail banks in Manhattan in annual survey
Investment banking firm Sandler O'Neill + Partners has awarded Sovereign Bank top ranking in an annual survey of retail banks in Manhattan. The survey report ranked Sovereign Bank highest among 12 retail banks doing business in Manhattan. Sovereign Bancorp, Inc., the parent company of Sovereign Bank, is a financial organization with assets worth $82 billion. With nearly 750 community banking offices, the bank provides an array of financial services and products including retail banking, business and corporate banking, cash management, insurance and wealth management.
