BayFirst Financial Corp. will close three Maryland loan production offices as the company moves to shut down its nationwide residential mortgage lending business. As a result, 20 employees will be laid off, according to a public filing on Maryland’s Work Adjustment and Retraining Notification (WARN) log, which says the layoffs will be effective Nov. 25. The St. Petersburg, Florida-based bank announced in September that it would shutter its residential mortgage lending business after a cool-off in the housing market that began at the start of the year.
