IMN Financial Corp., Melville, N.Y., has acquired Bankers Direct Mortgage Corp., a retail mortgage banking company, from C.F.I. Mortgage Inc. IMN Financial said the acquisition was based on an earn-out formula linked to profitability and did not require any stock issuance or cash payment.Edward R. Capuano, IMN's CEO, said the acquisition would bring the company's annualized total from retail mortgage closings through all subsidiaries to more than $1 billion. IMN is a full-service mortgage banking firm with 49 branches in 22 states. Bankers Direct has nine offices, seven in Florida and two in Colorado.
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