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Home » Store » News » NetBank Completes Acquisition of RBMG

NetBank Completes Acquisition of RBMG

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NetBank Inc. last week completed the acquisition of Resources Bancshares Mortgage Group Inc., the wholesale lender that is expected to shore up the Internet bank’s mortgage lending capacity. The transaction brought together two complementary businesses. It gives NetBank access to high-quality, high-yield earning assets and fee income and RBMG a lower-cost source of funds, as well as improved liquidity. RBMG used to get funding from Wall Street.
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