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Article: Brothers' Mortgage Businesses Become One with Acquisition.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 4, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Mike Pramik, The Columbus Dispatch, Ohio Knight Ridder/Tribune Business News
Jun. 4--Twelve years ago, two brothers started separate mortgage businesses in separate cities.
Those businesses became one yesterday.
St. Louis-based American Equity Mortgage, founded by Ray Vinson, has acquired Integrity Mortgage Corp., a Columbus-based operation founded by Vinson's brother, Mike.
The combined entity will have $2.5 billion in loan volume, 39 offices in 20 states and 620 employees.
"Basically it boiled down to growth opportunities,'' Mike Vinson said. "It made for a much bigger company. His company is in a ...