Wednesday, August 13, 2008
Stifel Bank & Trust Rapidly becomes a Leading Lender in St. Louis
Stifel Bank and Trust, a recent acquisition of Stifel Financial, rises to the top ten conventional purchase mortgage lenders in the St. Louis metropolitan area. The accomplishment is special since Stifel Bank and Trust recently started mortgage lending in this market.
Click the chart for a larger image
In St. Louis, this young bank now shares mortgage origination leadership with companies such as Pulaski Bank, Bank of America, Wells Fargo, US Bank, and PHH Mortgage. Each of those companies have originated substantially fewer mortgages in the first half of 2008 as compared to 2007.
The St. Louis metropolitan area mortgage market has been down significantly. The monthly trend shows a slowdown in St. Louis. Stifel Bank and Trust's mortgage origination growth under these difficult circumstances makes them a mortgage lender to watch.
We will watch and report back periodically!