AMERICAN EAGLE MORTGAGE CO. ACQUIRES REAL ESTATE MORTGAGE CORP.

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LORAIN, OHIO — Lorain-based American Eagle Mortgage Co. (AEMC) has entered into an agreement to acquire the assets of Real Estate Mortgage Corp. (REMC). The acquisition adds three locations to AEMC’s portfolio in the Cleveland market, including Rocky River, Beachwood and Twinsburg. Current president of REMC, Mark Johnston, will continue as vice president at AEMC. Details of the transaction were not disclosed.

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