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Home » Store » News » NetBank to Acquire RBMG for $148M

NetBank to Acquire RBMG for $148M

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NetBank Inc. will acquire Resource Bancshares Mortgage Group for about $148.3 million to expand the Internet bank’s presence in the booming mortgage banking sector. The acquisition is part of the online bank’s investment strategy, said NetBank, and comes on the heels of its June acquisition of Market Street Mortgage, Clearwater, FL. Market Street is a consumer-direct mortgage lender.
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