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IBM Closes Acquisition of Wilshire Credit Corporation Assets
ARMONK, N.Y., March 1 -- IBM (NYSE:IBM) today announced that it has finalized its acquisition of the core operating assets of Wilshire Credit Corporation from Bank of America Corporation (NYSE:BAC). The initial agreement to acquire Wilshire assets was announced on October 5, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )
The acquisition strengthens IBM's commitment to mortgage business process services that improve clients' flexibility, competitiveness, and ability to manage their businesses more effectively through dynamic market cycles. As part of the closing process, Bank of America will retain Wilshire's mortgage servicing rights and related assets.
For more information please see: http://www.ibm.com/services
Press Contact:
Bruce McConnel
IBM External Relations
804-327-4644
wmcconn@us.ibm.com
Photo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO
PRN Photo Desk, photodesk@prnewswire.com
Source: IBM
CONTACT: Bruce McConnel, IBM External Relations, +1-804-327-4644,
wmcconn@us.ibm.com
Web Site: http://www.ibm.com/services
IBM Closes Acquisition of Wilshire Credit Corporation Assets
ARMONK, N.Y., March 1 -- IBM (NYSE:IBM) today announced that it has finalized its acquisition of the core operating assets of Wilshire Credit Corporation from Bank of America Corporation (NYSE:BAC). The initial agreement to acquire Wilshire assets was announced on October 5, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )
The acquisition strengthens IBM's commitment to mortgage business process services that improve clients' flexibility, competitiveness, and ability to manage their businesses more effectively through dynamic market cycles. As part of the closing process, Bank of America will retain Wilshire's mortgage servicing rights and related assets.
For more information please see: http://www.ibm.com/services
Press Contact:
Bruce McConnel
IBM External Relations
804-327-4644
wmcconn@us.ibm.com
Photo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO
PRN Photo Desk, photodesk@prnewswire.com
Source: IBM
CONTACT: Bruce McConnel, IBM External Relations, +1-804-327-4644,
wmcconn@us.ibm.com
Web Site: http://www.ibm.com/services