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Article: FOUNDERS BANK FORMS MORTGAGE LOAN DEPARTMENT

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THE JOURNAL RECORD
Article date:
April 13, 1988
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A mortgage loan department has been formed by Founders Bank & Trust Co. of Oklahoma City, according to Wayne D. Stone, chairman and chief executive officer of the bank.

Founders will expand its services in real estate lending by offering a mix of long term conventional residential mortgage loans.

Management is projecting the new department, headed by Mike Burgess, a vice president with Founders, will add a minimum of $7 million to $10 million in the longer-term mortgage loans to its residential portfolio over the next 12 months.

The department, located at the main office for Founders at 5613 N. May Ave., is taking applications for 30-year mortgage loans.

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