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Loan Modification

: Mortgage Lender Implode-o-Meter

North State Bank to Acquire Mortgage Operations of Affiliated Mortgage

By Implode-Explode Heavy Industries

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"North State Bank has signed an agreement to acquire the mortgage operations of Affiliated Mortgage, LLC, a Raleigh-based mortgage company, according to Larry D. Barbour, president and CEO of North State Bank and North State Bancorp (OTC Bulletin Board: NSBC), the bank's holding company. The agreement calls for the purchase to close on or before February 12, 2010, at which time a new division of the bank will form?North State Bank Mortgage?with Ken Sykes, Affiliated's managing partner, serving as president."

Full post as published by Mortgage Lender Implode-o-Meter on January 28, 2010 (boomark / email).

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