Dawcin International subsidiary First Equities opens another new branch office.GARDEN CITY, N.Y.--(BUSINESS WIRE)--Oct. 29, 1996--Dawcin International Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DAWC DAWC Dhaka American Women's Club (Dhaka, Bangladesh) DAWC Day Away from Work Case ) subsidiary, First Equities Corp., a mortgage banking company announces the opening of another new branch office located at 173 Lake Road, Congers, New York Congers is a hamlet (and a census-designated place) in Rockland County, New York, in the United States. As of the 2000 census, the CDP population was 8,303. Congers is in the Town of Clarkstown. Congers has two elementary schools, Congers Elementary and Lakewood Elementary. . This office will service the affluent counties of Westchester and Rockland. MaryRose Cokely, branch manager, estimates mortgage closings of $5 to $5.5 million per month. First Equities currently has 18 branches generating approximately $127 million in closings per annum Per annum Yearly. . Edward R. Capuano, president and COO of Dawcin International Corp. stated that, "The opening of this new office will give First Equities Corp. entry into the lucrative Jumbo and Super Jumbo mortgage A Super Jumbo Mortgage is classified as a residential mortgage or other home-equity secured loan in an amount greater than $650,000, although lenders differ on just what constitutes a super jumbo mortgage subject to their own internal investment criteria. market." Dawcin International Corp. is an international financial services company that operates five divisions. CONTACT: Dawcin International Corp. Investor Relations 1-800-338-9199 or Public Relations Mel Levine & Associates 415/284-0333 |
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