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For community bankers, it was always a romantic notion, the idea that they could give mortgage lending short shrift and beat the big guys on commercial loans. Mortgage lending is looking pretty good to these bankers now.
June 19 -
A surge in mortgage lending drove strong profits for banks of all sizes in the first quarter, with some banks attributing the improvement to new regulations.
April 26
Taylor Capital Group (TAYC) in Rosemont, Ill., is expanding its mortgage unit by hiring more than 60 retail mortgage professionals from Amera Mortgage in Milford, Mich.
The $4.7 billion-asset parent of Cole Taylor Bank said in a news release Wednesday that the hiring spree will increase the staff in its mortgage unit by roughly 20% and double its number of lending offices. It was not clear if Cole Taylor, which has 20 mortgage offices in eight states, was planning to open new offices to accommodate the new hires or would be taking over existing Amera offices. Amera officials would not comment and a call to Taylor Capital was not immediately returned.
The new hires are located in Michigan and Indiana, where Cole Taylor already has offices, as well as Ohio, where it does not. Mark Janssen, Amera's chief executive, will join Cole Taylor, Willie Newman, president of Cole Taylor Mortgage, said in a news release.
Cole Taylor
The company