PanAmerican BanCorp/Purewater, New York, has acquired 100% of Realty Money Center, a Nevada-based single-family mortgage banking company.PanAmerican paid an undisclosed amount of stock and other considerations. Last year Realty Money Center had in excess of $500 million in closings. It has five offices in Nevada, 27 employees, and is licensed to do business in 10 states, including California, New York, Florida, and Arizona. Dave Williams, Realty Money Center's founder and president, will now be in charge of PanAmerican's residential mortgage operations.
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