"The fit with the Firstar team will allow us to offer interim construction lending to our develop clients and attract new clients as well," says Jeanne Crain, president and chief executive officer of Marquette.
The bank will be able to join its sister company, NorthMarq Capital, a real estate investment bank providing mortgage financing for commercial real estate with 11 offices nationwide, to facilitate all phases of commercial development from construction through long-term financing, she adds.
Minneapolis-based Marquette Financial owns both companies.
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