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Midwest Hits $2.75 B.(Midwest Loan Services)(Brief Article)
Midwest Loan Services now subservices $2.75 billion in loans and expects to keep growing, the company announced last month.
The performance of Midwest Loan Services helped University Bancorp, which owns 80% of Midwest, return to profitability. University Bancorp has now been profitable in two of the last three quarters. The firm's banking subsidiary, University Bank, reported net income of $74,604 in the first quarter, which represented an annualized .63% return on assets.
The Banking company said improved results at Midwest Loan Services and lower losses at ...
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