SCOTTSBLUFF, Neb. (AP) – About 400 employees of Aurora Bank in Scottsbluff have been given layoff notices.
They work for the Aurora Loan Services division that is being bought by a Lewisville, Texas-based mortgage company, Nationstar.
Aurora Bank FSB is a subsidiary of Lehman Brothers, which filed for bankruptcy in 2008.
Nationstar Executive Vice President says his company has talked to Aurora’s managers and supervisors and will be holding a job fair Wednesday and Thursday to talk to the rest of the employees. He says Nationstar intends to hire a significant number of the Aurora employees.
The purchase is expected to close May 31. The deal includes the Aurora Loan Services building.