July 1st, 2008
Tierone Bank To Close Nine Offices; Raleigh To Get The Ax
TierOne Bank said Tuesday that it would close all nine of its loan production offices across the country, including one in the Triangle.
The Nebraska lender says the move, which will affect about 20 employees across the nine offices, is part of an effort to direct its lending activity to its primary market in the Plains states of Nebraska, Iowa and Kansas.
“Due to the continued housing and economic challenges in many areas of the country Home Loan Lending , TierOne is refocusing our lending efforts in our existing bank market area,” Gilbert Lundstrom, the bank’s chairman and chief executive, said in a statement.
Tags: Home Loan Lending