BARNETT NAMES SEABROOK CEO OF MORTGAGE COMPANY
BARNETT NAMES SEABROOK CEO OF MORTGAGE COMPANY JACKSONVILLE, Fla., June 19 /PRNewswire/ -- Barnett Banks, Inc.
(NYSE: BBI) has named Francis G. (Fran) Seabrook chief executive officer of Barnett Mortgage Company. As Barnett's top residential real estate lending executive, Seabrook will serve as the functional leader for all Barnett residential real estate lending activities.
Seabrook, 49, joins Barnett from PaineWebber Mortgage Finance, Inc. Columbia, Md., where he had been executive vice president and chief operating officer since April 1987. During his tenure at PaineWebber, the company's financial performance improved from a $500,000 loss in 1987 to a $13 million profit in 1991. He brings more than 21 years of banking and residential lending experience to Barnett. "Fran Seabrook is uniquely qualified to take our mortgage company to the next level of achievement as a high quality and profitable residential lender and servicer," said Thomas P. Johnson Jr., Barnett's chief retail banking executive. Barnett is Florida's largest residential lender, having originated 10 percent of all of the mortgages in the state last year. Barnett currently holds $8 billion in residential loans while servicing over $10.5 billion in residential loans. Seabrook holds a bachelor's degree in business administration from the University of Florida. With $32.9 billion in assets and 592 offices in Florida and Georgia, Barnett Banks, Inc. is Florida's leading financial institution and the 19th-largest in the United States. Its stock (BBI) is listed on the New York Stock Exchange. -0- 5/20/92 /CONTACT: Bob Stickler of Barnett Banks, Inc., 904-791-5437 (office), or 904-396-9284 (home)/ (BBI) CO: Barnett Banks, Inc. ST: Florida IN: FIN SU: PER
JB-AW -- FL003 -- 1837 06/19/92 10:18 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Jun 19, 1992|
|Previous Article:||SUN DISTRIBUTORS L.P. ANNOUNCES CASH DISTRIBUTIONS|
|Next Article:||AMERICAN SOUTHWEST FINANCIAL 'AAA' CMOS ON FITCHALERT NEGATIVE -- FITCH FINANCIAL WIRE --|