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Pacific National Bank and BAC Florida Bank close mortgage deal

Jul 21, 2015 - SNL Financial

Coral Gables, Fla.-based BAC Florida Bank sold 72 mortgages to Miami-based Pacific National Bank in April, the South Florida Business Journal reported July 17, citing Miami-Dade and Broward County court records.

The majority of the mortgages sold were in the $600,000 to $700,000 range on residential property, according to the report, which added that while all properties are in the U.S., most of the guarantors on the loans are foreign.

Frank Robleto, president and CEO of BAC Florida,...