THE Business for Sale Marketplace

Headquartered in the state of Washington, the Financial Services Company is seeking $12 million in debt and equity financing to acquire a Midwest bank in order to diversify its business lines. Already a successful loan originator, contract processor, and settlement service provider in 30 U.S. states, the company is adding a federally chartered single branch conservative Midwest bank with an insurance subsidiary to its business holdings. Having survived the recent troubles in the mortgage industry, the company will be able to leverage the licensing and assets of the bank to introduce new and existing customers to new product lines, thereby building value through proven cross-selling of products and services. The bank’s federal charter will allow the company to eliminate multiple state licensing requirements for its originators, which will greatly enhance the already vibrant growth.

In 2006, the company’s loan origination subsidiary closed 4,000 loans while being licensed in only 30 U.S. states. The acquisition of the bank immediately opens origination activity to all 50 states. The bank itself will continue to operate as is, and current management will continue under employment contracts. The company has hired new staff with banking expertise to affect the new 50 state mortgage business and to help assimilate the bank into the Financial Services Company’s group of companies.

The company will begin deploying its on staff experts to build a web portal to enable offering online banking and insurance services, and is planning to open a Washington state branch of the bank in 2008. The current team of loan originators will have access to the insurance products offered by the bank, which will soon include life insurance and other financial planning products such as investment vehicles and benefits programs for small employers.

The bank is located in the Midwest and specializes in serving its small business and farming community. The bank is a perfect fit for this Financial Services Company, which is already situated in a community built on small business and surrounded by agricultural-related activities.

Contact Kevin L. Sutherland, Phone 949-528-3854, Fax: 949-606-9811, Email: kevin@spectrumdeals.com.