Newtown Savings acquires mortgage corporation - 2004-03-09
Newtown Savings Bank declared Monday it has bought Sirianni Mortgage Corp. of Danbury.
The move bolsters the bank’s already strong position in the western Connecticut home mortgage market.
"We bought them to expand our business. We are a very strong mortgage lender,” he said. Newtown Savings Bank has more than $650 million in assets and last year issued more than 2,000 mortgage loans, totaling $371 million.
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