Trans Financial Mortgage Company begins full operation.TULLAHOMA, Tenn.--(BUSINESS WIRE)--April 7, 1995--Trans Financial Bancorp, Inc. (NASDAQ/NMS:TRFI) announced today that it has consolidated all of it's mortgage assets into Trans Financial Mortgage Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . The mortgage company now begins full operation in the Tullahoma office located at 315 N. Atlantic Street. The company is responsible for all one-to-four family mortgage servicing and secondary marketing activities within the Trans Financial system. Trans Financial's servicing portfolio has now reached $1.5 billion consisting of more than 29,000 loans. Servicing is provided for FNMA FNMA abbr. Federal National Mortgage Association Noun 1. FNMA - a federally chartered corporation that purchases mortgages Fannie Mae, Federal National Mortgage Association , FHLMC See Federal Home Loan Mortgage Corporation. , GNMA GNMA abbr. Government National Mortgage Association , THDA THDA Trastorno Hiperactivo de Déficit de Atención THDA Tennessee Housing Development Agency THDA tuberohypophysial dopaminergic THDA Tennessee Housing Development Association , and 25 private investors. Michael L. Norris, President of Trans Financial Mortgage Company, said, "The company is continuing to grow the mortgage loan servicing portfolio through retail organizations, a wholesale network, and with acquisitions. Opportunities are continually being sought to increase the servicing base and origination network in an ever expanding market area. Trans Financial believes a mortgage is the single largest investment -- and the largest debt -- in an individual's life. It's the cornerstone of a banking relationship." Trans Financial is a community-oriented, regional financial services company with 54 locations throughout Kentucky and Tennessee. Trans Financial offers customers business and consumer banking ,investments, mortgages, trust and travel services. Their stock is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol TRFI. CONTACT: Trans Financial Bancorp, Inc., Tullahoma Michael Norris, 615/393-5100 |
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