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BayFirst to discontinue residential mortgage LPOs

September 22, 2022 - St. Petersburg-based BayFirst Financial Corp. (NASDAQ: BAFN), parent company of BayFirst National Bank, will discontinue its nationwide network of residential mortgage loan production offices. The bank will continue to originate mortgage loans in its local Florida market areas, BayFirst announced Wednesday. “This decision allows the bank to focus our resources on building a premier community banking franchise and capitalizing on our expertise in SBA lending. We opened our eighth banking center in West Bradenton this week as we continue to expand our network of bank offices throughout the Tampa Bay region. At the same time, SBA lending through our CreditBench division has grown to record levels and we continue to add new team members to that division," CEO Anthony Leo said in the news release. 

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