McLean Mortgage halts M&A talks with Congressional Bank

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McLean Mortgage is not going forward with a potential acquisition by Congressional Bank of Bethesda, Md., saying reaching an agreement that made sense for all parties wasn’t possible. "There are many advantages to being part of a depository and that was very attractive," said McLean Mortgage President and ceo james nader.

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Other regional banks – including KeyCorp, First Republic Bank and BB&T – reported revenue gains and higher. to the $58.8 billion it reported at Sept. 30. BB&T: Patient M&A BB&T’s higher cost.

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McLean Mortgage is not going forward with a potential acquisition by Congressional Bank of Bethesda, Md., saying reaching an agreement that made sense for all parties wasn’t possible. "There are many advantages to being part of a depository and that was very attractive," said McLean Mortgage.

At the same time, some lawmakers say it’s time to close government-controlled loan guarantors and halt limitless bailouts. according to Inside Mortgage Finance. Since Washington-based Fannie Mae.

Home McLean Mortgage halts M&A talks with Congressional Bank McLean Mortgage halts M&A talks with Congressional Bank McLean Mortgage is not going forward with a potential sale to Congressional Bank in Bethesda, Md., saying an agreement that made sense for all parties wasn’t possible.