Forward-looking statements are made based upon management’s current expectations and beliefs concerning future developments and their potential effects on the company. For more information, please visit This release contains statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to trends in the operations and financial results and the business and the products of the company and its subsidiaries, as well as other statements including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend” and other similar expressions. The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement & savings products and services to corporations and other institutions. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). Through its domestic and international subsidiaries and affiliates, MetLife, Inc. is a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. For more information, please visit Celebrating 140 years, MetLife, Inc. (Member FDIC) is a federally chartered bank offering a wide array of banking products and services, including high-yield savings, certificates of deposit, money market accounts, individual retirement accounts, and residential mortgages. The companies expect the transaction to be completed during the third quarter of 2008. Combined with our recently announced purchase of EverBank’s reverse mortgage business, this acquisition effectively positions MetLife Bank to be a leader in the origination and servicing of mortgage products.” “This will significantly accelerate the growth potential of MetLife Bank’s residential mortgage business as it allows us to acquire significant expertise, scale and platforms. “We’re excited about this acquisition,” said Donna DeMaio, president, MetLife Bank. In addition, the acquisition will include more than 230 retail and wholesale offices nationwide. MetLife Bank will not be assuming any subprime or Alt-A mortgages as part of this acquisition. MetLife Bank is also entering into a sub-servicing agreement for the remainder of First Horizon’s first lien servicing portfolio which is expected to total approximately $65 billion after closing. The acquisition includes all of the origination business outside of Tennessee and servicing assets associated with approximately $20 billion of first lien mortgage loans. (NYSE: MET), announced today that it has entered into an agreement to acquire the residential mortgage origination and servicing business of First Tennessee Bank National Association, a subsidiary of First Horizon National Corporation (NYSE: FHN). MetLife Bank, N.A., a subsidiary of MetLife, Inc. METLIFE BANK TO ACQUIRE SELECTED ASSETS OF FIRST TENNESSEE BANK N.A.
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