Bank of America and United Midwest Savings Bank are the first financial institutions to assemble SBA 504 first mortgage pools to be sold on the secondary market, the agency said today.

Bank of America pooled $32.07 million in loans it purchased from other lenders, with $25.65 million guaranteed by the SBA, according to the agency. United Midwest assembled a pool of $7.96 million, with $6.4 million guaranteed by the SBA.

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