trending Market Intelligence /marketintelligence/en/news-insights/trending/hh-tsil0qhdpnb9x1aqfra2 content esgSubNav
In This List

Seattle Bank acquires $375M loan portfolio

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Seattle Bank acquires $375M loan portfolio

Seattle Bank acquired a $375 million loan portfolio from the Federal Deposit Insurance Corp. and its controlled entities on June 1.

The loan portfolio consists of about 2,800 Housing Urban Department-insured reverse mortgage loans.

The acquisition grew the bank's consumer loan portfolio and increased its total assets by about 70%. As of March 31, the Seattle Financial Group Inc. subsidiary had $314.4 million in assets.