M&T Bank to Assume Part of Regions Mortgage Unit

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009259-mt-bank-to-assume-part-of-regions-mortgag/

Regions Financial Corp., a large U.S. regional bank, on Friday said it agreed to transfer its conforming wholesale mortgage operations to a unit of M&T Bank Corp.

Terms were not disclosed. Regions said it is transferring a portion of Regions Mortgage to M&T Mortgage Corp. because the business no longer advances its strategy of expanding its banking franchise and selling more products to mortgage customers, known as cross-selling.

For this complete story, please visit M&T Bank to Assume Part of Regions Mortgage Unit.

M&T Bank to Assume Part of Regions Mortgage Unit

Unknown Author

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