Deal gives Orlando mortgage company a Tampa presence
By Richard Burnett Sentinel Staff Writer
Orlando-based FBC Mortgage LLC is expanding into the Tampa market by acquiring certain assets of First Alliance Mortgage Co., the companies said Monday.
As part of the deal, FBC Mortgage has absorbed the management, loan officers, support staff, office facilities and loan pipeline of First Alliance in Tampa, company officials said.
The deal became final last week. Financial terms were not disclosed.
With the move, FBC took on nearly 20 new employees, increasing its work force to 100, the company said. It hopes to double the size of its Tampa unit during the next year.
The company operates out of headquarters in the Plaza office towers, on Orange Avenue in downtown Orlando.
Joining FBC as part of the transaction are James Girard, Robert Pinion and Mary Pinion — a trio of former First Alliance executives.
Girard was made senior vice president and operations manager for FBC.
Robert and Mary Pinion, First Alliance’s senior managers in Tampa, will head up the Tampa operation for FBC.