REO brokerage acquired by Quaint Oak Bank

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Quaint Oak Bank of Southampton, Pa., has acquired Premier Choice Real Estate, which specializes in selling bank-owned properties.

Terms of the deal were not disclosed.

The deal expands Quaint Oak's presence in the Lehigh Valley, Pa., region. In addition to real estate owned sales, Premier Choice handles sales of existing and newly constructed homes, along with short sales and residential investment properties. It also provides rental services.

Premier Choice, which was located in Bethlehem, is being merged into Quaint Oak Real Estate's office in Allentown. The combined firm will be managed by Tom W. Fox Jr., Premier Choice's former owner and broker. There are 15 agents and staff people joining Quaint Oak Real Estate.

Quaint Oak has mortgage, title abstract and insurance agency units that will also benefit from the addition of Premier Choice, the press release said.

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