TierOne to close 9 loan production offices

By Associated Press
July 1, 2008
Comment (0)
Recommended (0)

TierOne Bank's owners said the company will close all nine of its loan production offices.

TierOne Corp., the Nebraska-based parent of TierOne Bank, said Monday it's part of an effort to focus on lending activity in its primary market: Nebraska, Iowa and Kansas.

The lending offices being closed are in Phoenix, Colorado Springs, Denver and Fort Collins, Colo., Orlando, Fla., Minneapolis, Las Vegas, and Charlotte and Raleigh, N.C.

TierOne will continue to service loans with existing customers. Fifteen employees will be offered severance packages. The company says the closings aren't expected to impact employment at the company's Lincoln headquarters.

TierOne has 69 bank branches in Nebraska, Iowa and Kansas.
Comment (0)
Recommended (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 676452, ~/articles/articlehandler.aspx, 8/30/2008 6:17:46 AM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

.

Related Tickers

TierOne Corp

TONE Down! $5.65 -0.03 (-0.53%) 4:00 PM
CAPS Rating:
96 Outperforms
11 Underperforms
Rate This Stock
Related Articles about TONE
Articles mentioning TONE

Major Indices

S&P 5001,282.83 -1.37%
DJIA11,543.55 -1.47%
RSL 2K739.50 -1.11%
NASD2,367.52 -1.83%
Updated: 5:10:01 PM
Sponsored by:

The Motley Poll

Where will the U.S. dollar go from here?

Sponsored by: