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HAMILTON FINANCIAL SERVICES CORP. REPORTS JOINT VENTURE WITH FOX & CARSKADON REALTY

 SAN FRANCISCO, Oct. 13 /PRNewswire/ -- Hamilton Financial Services Corp. (NASDAQ: HFSC) announced today that its wholly owned subsidiary, Hamilton Financial Corp., entered into a joint venture with Fox & Carskadon Mortgage Services, an affiliate of Fox & Carskadon Realty, to provide services to Fox & Carskadon's home purchase customers. Fox & Carskadon, the largest independent residential real estate company in Northern California, had gross sales volume in excess of $3 billion in 1992.
 William D. Rast, president of Hamilton Financial Corp., commented, "We have high expectations of doing a substantial volume of mortgage originations by providing superior lending services to the homebuyers served by Fox & Carskadon. This joint venture presents a wonderful opportunity for us to continue to increase our financing of residential home sales. We expect the joint venture to begin producing loans within 30 days. This will strengthen our position in the home sales mortgage market."
 Hamilton Financial Services Corp., through its subsidiaries, Hamilton Financial Corp. and Hamilton Carter Smith & Co. Inc., is primarily engaged in residential mortgage banking, the brokerage of mortgage servicing rights and related services for the mortgage banking industry. The company is based in San Francisco, operates branches in 11 states and does business in additional states.
 -0- 10/13/93
 /CONTACT: Veronica Masterson, director of investor relations, 415-597-5672, or William Kirschenbaum, chairman of the board, 212-832-9839, both of Hamilton Financial/
 (HFSC)


CO: Hamilton Financial Services Corp.; Fox & Carskadon Realty; Hamilton
 Financial Corp.; Fox & Carskadon Mortgage Services ST: California IN: FIN SU: JVN


PK-TM -- SF003 -- 1643 10/13/93 11:48 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
Words:254
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