Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
QR Lending acquired by Florida bank
LAKE CITY, Fla. and MADISON, Wis. (1/5/12)--First Federal Bank of Florida, Lake City, Fla., has acquired Madison, Wis.-based QR Lending, a nationwide provider of residential mortgage services for credit unions and community banks.

Changes in the mortgage marketplace, including compliance and regulatory burdens brought on by the Dodd-Frank Act and new state licensing requirements, led QR Lending to seek an acquisition partner, said Tom Pisapia, QR Lending executive vice president.

QR Lending is now a division of First Federal Bank of Florida, and is led by the existing QR Lending executive team.

With assets of more than $950 million, First Federal Bank of Florida serves 50,000 customers from at branches and several lending centers in Florida.


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
8 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
9 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
11 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
13 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
13 hours ago