Oklahoma is ‘great place' for top loan advisory firm
First Financial Network, which touts itself as the nation's top loan sale advisory firm, is based in Oklahoma City for one simple reason — Penn Square Bank.
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John Morris, First Financial Network chief operating officer, and Bliss Morris, First Financial Network president/chief executive, sit Friday in the First Financial Network boardroom in Oklahoma City. BY PAUL B. SOUTHERLAND, THE OKLAHOMAN
First Financial to market loans
First Financial Network Inc. will market more than $360 million in performing commercial real estate loans on behalf of Indymac Commercial Lending Corp. a former subsidiary of the failed IndyMac Bank, the company announced Friday.
The Office of Thrift Supervision closed the Pasadena, Calif., bank July 11, and the Federal Deposit Insurance Corp. was named conservator.
The company expects to handle sales of more than $1.3 billion over the next two quarters.
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