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Two bank holding company Merchants Bancorp ($3.7B, IN) will acquire Farmers-Merchants National Bank of Paxton ($115mm. Today’s busy calendar kicked off with MBA mortgage applications for the week.
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Biz Spotlight: American Diversified Mortgage Corporation – ADMC was founded by Mike Paxton, who had been a lender since 1966. He now works as a loan officer for Eric. Why you started the company:To fill the void left by many banks and other lenders with too.