First Federal Bank completed the acquisition of the mortgage division of BNC National Bank.

First Federal Bank, a community-based bank, completed the acquisition of the mortgage division of BNC National Bank, a mortgage company. Financial terms were not disclosed. "With the acquisition, First Federal gains a nationwide consumer direct mortgage platform and offers the benefits of community banking, customer service, and stability to the expanded customer base in new markets. Since 1962, it has been our mission is to provide solutions from a financially stable institution. This acquisition expands our commitment to customers and the residential mortgage sector. We look forward to serving the new mortgage customers with the same excellence they enjoyed from the BNC team," John Medina, First Federal Bank President and CEO.