First Independent President and Chairman William J. Firstenburg announced today that the bank has sold its Bellevue, Wash.-based First Independent Mortgage Company to New York City-based Legacy Holdings Group LLC.
In a statement, Firstenburg said the sale was required in order to implement the bank’s strategic plan, adopted in 2005.
“In order to most effectively implement our plan, it was necessary to divest the bank of our Bellevue-based mortgage company,” he said.
The bank will continue to offer mortgage services through the retail group in its Vancouver offices.
Other elements of the bank’s strategic plan include opening offices in Oregon, the launch of its new brand and logo and branch remodeling efforts.
-Neil Zawicki
