In a move described as a demonstration of the increasing profile of LivingTrust Mortgage Bank Plc, a foreign investor is currently looking toward acquiring a 7% stake in the bank.
According to industry sources familiar with the transaction, the investor is set to file the regulatory paperwork for the deal following the conclusion of due diligence.
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If this acquisition sails through, it will see the investor hold a strategic stake in LivingTrust Mortgage Bank Plc. The investment would help LivingTrust Mortgage Bank Plc bolster its capital especially as it moves to become a dominant player in the nation’s mortgage banking space.