TFN continues its outstanding growth. See loan production for the First Quarter.
TRANSNATIONAL FINANCIAL CORPORATION ANNOUNCES RECORD
LOAN PRODUCTION FOR MARCH AND FIRST QUARTER 1999
The Company reports $102.6 Million for March - an increase of 41%;
$296.8 Million for first quarter 1999 – an increase of 52%
San Francisco, CA, April 15, 1999 – Transnational Financial Corporation (AMEX: TFN) announces residential loan production for the month of March was $102,644,799 as compared to $72,506,370 in 1998, an increase of 41%. First quarter loan production is $296,864,792, as compared to $194,535,106 in 1998, an increase of 52%.
Mr. Joseph Kristul, CEO of Transnational Financial Corporation, said, "Our hope is to provide our shareholders continuing assurance we are building a financially strong company and maximizing shareholder value. We have strategic goals and objectives in place for 1999 and we are dedicated to achieving them."
Transnational Financial Corporation is a wholesale and retail mortgage banker that originates, funds and sells mortgage loans secured by one-to-four family residential properties in California.
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