The banking and mortgage subsidiaries of Intervest Bancshares Corp. sold $207m in nonperforming and under-performing assets. The sale included $187m in loans and $14.4m of real estate owned by Intervest National Bank, and $5.6m of loans owned by Intervest Mortgage Corp., a release said. The sale reduced Intervest’s total nonperforming and under-performing assets by 75%.
