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BayFirst Financial closing Maryland offices amid shuttering of national mortgage business

October 11, 2022

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.

Article Source: Baltimore Business Journal

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