Epic Financial Corp., Newport Beach, Calif., has announced the acquisition of American National Mortgage Services, a mortgage banking and mortgage brokerage company that operates as both a wholesale and retail originator.The terms of the transaction were not disclosed. William Parker, president of American National, has been named president of Epic and appointed to its board. "It is our intention to implement a new corporate direction, that of becoming a financial services holding company with emphasis on residential and commercial lending," Epic chairman Frank Iannuzzi said. "We intend to pursue a plan to acquire companies or initiate new businesses that will fit into this new corporate strategy."
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