Paragon eyes Titlestone acquisition

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Paragon Banking Group is considering buying residential development finance lender Titlestone.

The lender says nothing solid has been decided but that any deal would fit its growth and diversification plans.

Paragon made the announcement to investors earlier today.

The lender says: “Paragon confirms that it is in the early stages of considering a possible acquisition of Titlestone.

“There is no certainty of an agreement being reached nor as to the terms of such agreement.

“A further update will be provided as appropriate.”

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