Central Arkansas Lender Spreads to Northwest
by June 1, 2009 12:00 am 66 views
Bank of Little Rock Mortgage announced a partnership with Fort Smith-based Barron Mortgage on May 8, and its presence in Northwest Arkansas could become even more significant. The new firm will operate as Barron Mortgage, a division of Bank of Little Rock Mortgage.
“Time hasn’t permitted us to spend the effort we need to yet, but we’re certainly interested in looking at quality originators in Northwest Arkansas,” said Joe Barron, who founded Barron Mortgage in 2001.
Barron said the reasoning for partnering with Bank of Little Rock Mortgage, the sixth-largest mortgage lender in the state with $180.4 million in loan value as of Dec. 31, was relatively simple.
“In greater size and depth comes the possibility of greater help for our customers, primarily in the form of more favorable rates and terms,” Barron said.