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Sandia Mortgage Co

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May 25, 1993 | JOHN O'DELL, TIMES STAFF WRITER
In a move that will more than double its loan-servicing portfolio but could cost Orange County as many as 40 jobs, Plaza Home Mortgage Corp. said Monday it plans to acquire a large loan-servicing operation in New Mexico. Plaza, holding company for Plaza Savings & Loan Assn., said it has agreed to pay $6.5 million in cash and as many as 600,000 shares of its stock to acquire Sandia Mortgage Corp. in Albuquerque. At Monday's closing price of $7.
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BUSINESS
May 25, 1993 | JOHN O'DELL, TIMES STAFF WRITER
In a move that will more than double its loan-servicing portfolio but could cost Orange County as many as 40 jobs, Plaza Home Mortgage Corp. said Monday it plans to acquire a large loan-servicing operation in New Mexico. Plaza, holding company for Plaza Savings & Loan Assn., said it has agreed to pay $6.5 million in cash and as many as 600,000 shares of its stock to acquire Sandia Mortgage Corp. in Albuquerque. At Monday's closing price of $7.
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