Printer Friendly

STANDARD FEDERAL REPORTS BEST AUGUST LENDING VOLUME IN ITS HISTORY

 STANDARD FEDERAL REPORTS BEST AUGUST LENDING VOLUME IN ITS HISTORY
 TROY, Mich., Sept. 4 /PRNewswire/ -- Standard Federal Bank (NYSE: SFB) announced today that during the month of August, the bank closed 4,110 single-family residential home loans for a total of $327,935,215. Year to date, the bank has closed 28,348 mortgages for a total of $2,203,517,591. All of Standard Federal's mortgage loan volume was originated by its own staff and not purchased from mortgage brokers or others.
 "This was the best August the bank has had in its 99-year history," noted Thomas R. Ricketts, chairman and president of Standard Federal Bank. "The demand for mortgages has been unprecedented and Standard Federal has made every effort possible to meet the needs of our customers; as a result, 1992 continues to be a record-breaking year for us."
 Standard Federal Bank, with assets of $9.6 billion, is the leading home mortgage lender in Michigan and operates 125 branch offices throughout Michigan, Indiana and Ohio.
 -0- 9/4/92
 /CONTACT: William R. Yaw Jr., marketing director, Standard Federal Bank, 313-643-9600, or in Michigan, 800-482-3930, or in Indiana, 800-874-3716/
 (SFB) CO: Standard Federal Bank ST: Michigan IN: FIN SU:


ML -- DE010 -- 6900 09/04/92 11:40 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 4, 1992
Words:210
Previous Article:RELIEF FOR EUROPEAN-BOUND TRAVELERS; HOW TO SAVE HUNDREDS OF DOLLARS ON YOUR NEXT TRIP
Next Article:HORIZON GOLD ANNOUNCES RETIREMENT OF JOHN E. WATSON
Topics:


Related Articles
STANDARD FEDERAL BANK EXPERIENCES GREATEST LENDING MONTH IN ITS HISTORY
STANDARD FEDERAL BANK SETS MORTGAGE LENDING ACTIVITY RECORDS
STANDARD FEDERAL BANK REPORTS MAY LENDING ACTIVITY
STANDARD FEDERAL BANK'S 1992 6-MONTH MORTGAGE ACTIVITY SURPASSES ENTIRE 1991 RECORD LENDING VOLUME
STANDARD FEDERAL BANK IS THE LEADING MORTGAGE LENDER FOR SOUTHEASTERN MICHIGAN
STANDARD FEDERAL SETS RECORD FOR MONTHLY MORTGAGE ACTIVITY
STANDARD FEDERAL BANK SETS RECORD FOR AUGUST HOME MORTGAGE LOAN CLOSINGS
A cloud over the business.
ABN AMRO reports record 2001. (Business Alert).
ABN AMRO 2002 production more than $119 billion. (Business Alert).

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters