In another sign up of how the economic world we live in is changing for mortgage brokers, Clarion Mortgage CEO David Marr voiced his future plans to purchase a bank and roll Clarion into it.
Read the full Clarion Announcement
As for this community, we must develop those systems and procedures necessary to live and thrive under the benefits and constraints of a bank – for that’s what we will be as of next year. SO HERE’S THE MAJOR ANNOUNCEMENT FINALLY! (trumpets) I have pushed the last of my chips onto the table to acquire a small bank in Colorado. It’s now under contract and should close in February, 2010. The plan must be approved by every person working for the US government from Obama to my postman, but I think it will get approved. I have worked toward this end for several years. Thank God I didn’t succeed earlier or I might be dead in the ditch along with others. I am very excited.
Trace Richardson
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