Farmers Bank & Trust in Great Bend, Kan., has agreed to sell certain assets of its mortgage division to Prospect Mortgage in Sherman Oaks, Calif.
The $752 million-asset bank will sell assets associated with CapWest Mortgage, a call center operation in Stilwell, Kan., that focuses on direct-to-consumer business,
Prospect said that it will add CapWest to its existing direct-mortgage business. Monte Robbins, CapWest's president, will join Prospect as the divisional president responsible for the call center.