Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterLV bank operator buying mortgage firm for $605 million
Monday, Oct. 2, 2000 | 11:05 a.m.
SEATTLE -- Washington Mutual Inc. today agreed to buy PNC Financial Services Group Inc.'s residential mortgage business for $605 million in cash to become the third-largest mortgage originator in the United States.
The companies expect to close the transaction in the first quarter, PNC spokesman R. Jeep Bryant said. Pittsburgh-based PNC Mortgage has about $7 billion in assets and a primary mortgage-servicing portfolio of $85 billion.
Washington Mutual has built itself into the largest U.S. savings bank through acquisitions and growth into new markets like Las Vegas and Phoenix.
archive
- Most Read
- Discussed
- Most E-mailed
- Cada and Moon emerge as Main Event’s final two
- Fight snapshot: Reviewing “24/7 Pacquiao/Cotto,” episode 3
- Motorcyclist dies in Summerlin crash
- Two injured in shooting in central valley
- Buchanan was one of the city’s truly flamboyant characters
- Fight snapshot: Pacquiao is a hit with Jimmy Kimmel, and vice versa
- Google Maps glitch renames Henderson
- Rebels’ win raises a few what-ifs
- Wood: Not the renewable some had in mind
- North Las Vegas man dies in single-car crash
Blogs
Sports: Upon Further Review
Fight snapshot: Arum takes a pot shot during Pacquiao training
Robin Leach's Las Vegas Celebrity Watch
Final Five have two routines each on Dancing With the Stars
The Coin Bucket
Blue Man Group at half price for locals
Elsewhere
Findlay Prep's Bradley fitting in at Texas (2 Comments)
Now and Then
I went to a hockey game and a New Mexico women's soccer match broke out (1 Comment)
Politics: The Early Line
Attention in D.C. focuses on health care proposals (1 Comment)
Elsewhere
Fedor v. Rogers delivers solid ratings on CBS (5 Comments)
Calendar »
- 10 Tue
- 11 Wed
- 12 Thu
- 13 Fri
- 14 Sat
-
Las Vegas Wranglers vs. Utah Grizzlies
Orleans Hotel-Casino
-
Lily Tomlin at the Hollywood Theatre
Hollywood Theatre at MGM Grand
-
Country Karaoke at McFadden's
McFadden's Restaurant and Saloon
The Sun
Locally owned and independent for more than 50 years.
