Matrix Bancorp Announces Sale of Wholesale Mortgage Origination Platform.

PR Newswire | February 28, 2003 | Copyright

Matrix Bancorp, Inc. (the "Company") announced today that its subsidiaries, Matrix Capital Bank ("Matrix Bank") and Matrix Financial Services Corporation ("Matrix Financial"), have entered into definitive agreements with a third-party purchaser (the "Buyer") to sell substantially all of the assets of Matrix Financial associated with its wholesale mortgage origination platform, based in Phoenix, Arizona (the "Wholesale Platform").

Mark Spencer, President and Co-CEO of the Company, stated: "We are pleased to announce the initial closing of a transaction to sell the ...

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