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As previously published, CMG Bancorp here has purchased the West Coast net branch network of RBC Mortgage, Chicago. Terms were not disclosed.
The June issue of Origination News reported that CMG was to be the buyer, but the deal was not announced until July 2 in a statement from CMG.
The branches were part of Pacific Guarantee Mortgage, a net branching firm acquired by Prism Mortgage, which in turn was acquired by...