Laureate, a subsidiary of Columbia, SC-based Resource BancsharesMortgage Group Inc., is among the 25 largest commercial mortgagebanking firms in the United States, with a loan servicing portfolioof $4.3 billion.
Laureate specializes in arranging financing, brokerage services,and asset and portfolio management. Its niche is loan servicing forfinancial institutions as well as owners and developers ofcommercial and multifamily properties.
BB&T and its subsidiaries offer full-service commercial andretail banking and other financial services. The wholly-ownedsubsidiary will retain its name and all 85 employees.
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