TB&W to Buy Control of Platinum Bancshares

Platinum Bancshares Inc., Rolling Meadows, Ill., has announced the signing of a common stock purchase agreement with Taylor, Bean & Whitaker Mortgage Corp. under which TB&W will acquire a controlling interest in Platinum.The terms of the deal were not disclosed. William Giambrone, chairman and chief executive officer of Platinum, said TB&W is "one of the premier national players" in the prime residential mortgage market. The transaction will allow Platinum to diversify its products and services, he said. TB&W is based in Ocala, Fla.

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