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Guaranty Bank FSB (of Wisconsin) announced today that it is shuttering its wholesale mortgage lending unit GB Mortgage. “Effective today, April 30, 2009, GB Mortgage, the wholesale lending division of Guaranty Bank will no longer accept new loan applications,” the company said in.

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The bank was established on January 1, 1923 as GUARANTY SAVINGS AND LOAN ASSOCIATION in Milwaukee, Wisconsin. In July 2004, joined Fannie Mae in a 2-year $2 billion program to offer residential mortgages to members of ethnic minorities. In May 2009, the bank shut GB Mortgage, its wholesale mortgage division.

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