Carney Mortgage was originally incorporated as Crystal Mortgage and Finance Company, Inc in July of 1998. Crystal was licensed as a Mortgage Lender with the State of Florida until September 1, 2002 when we commenced operations.

We moved into larger offices and officially changed our name to Carney Mortgage & Finance Co., Inc. on January 16, 2003. We expanded our staff which includes additional loan executives and loan processor.

Thomas F. Carney, Jr. and Peter H. Carney, who are brothers, come from a long history in family banking. Their father, Thomas F. Carney, Sr. started the first commercial bank in North Miami Beach in the early 1960's. As Chairman of the Board, he guided County National Bank in growing from a small community bank to a multi county financial institution with assets over $300 million dollars. County Bank served Miami-Dade, Broward and Palm Beach counties during its almost forty year history. During the 1980's, the Carney family were the founders and majority shareholders in two other financial institutions. In 1984, both Carney Bank, a state chartered bank and Gibraltar Savings & Loan Association were organized and served all three counties.

Thomas F. Carney, Jr., at various times of Carney Banks history, served as a member of the board of directors, legal counsel and President. He also served on Gibraltar's Board of Directors and was legal counsel and represented Gibraltar in real estate closings. In addition Mr. Carney served on County Bank's Board of Directors.

Peter H. Carney started his career as a tax specialist for Peat Marwick. He then became Deputy Counsel & Director of Financial Administration for the office of the Treasurer of Massachusetts. In 1994, he founded Carney Legal Group P.A. with his brother, Thomas F. Carney, Jr., and a year later they formed a title insurance company (Crystal Title & Escrow Co., Inc). As indicated above, together, Peter and Thomas formed Carney Mortgage & Finance Co., Inc. and, shortly Carney Select Properties, Inc., a licensed Florida Real Estate brokerage company.

As mentioned above the Carney family had been involved in all aspects of banking for a long time. In 1997 County Bank was sold to Republic Security Bank which was subsequently purchased by Wachovia Bank and their direct involvement came to a successful end. This was the driving force for entering into private lending. Lending which the family has successfully in pursued all those years.

Carney Mortgage anticipates opening an office in the New England area shortly after being approved to market mortgage brokerage services. The Carney family has its roots in Lawrence, Massachusetts and has maintained businesses in New Hampshire, Massachusetts and Connecticut from the early 1970's to the present.

History of Principals

Thomas F. Carney, Jr. and Peter H. Carney, the principals of Carney Mortgage & Finance Co., Inc., have a strong reputation in the Banking and Finance industry. We at Carney Mortgage are committed to making home ownership a comfortable and uncomplicated experience for our customers.

Tom and Peter come from a family which has been principally engaged in banking in South Florida for over 40 years. Their father, Dr. Thomas F. Carney, was a founder and Chairman of County National Bank of South Florida . Opened in 1962, County National Bank had over 40 years in the South Florida market offering all lines of commercial lending and banking products. County National Bank was purchased by Republic Security Bank of West Palm Beach in 1998, and was merged into Wachovia Bank in 2001.

Over the past 20 years, Tom and Pete, have been involved in various aspects of the banking & finance industry. Tom was a founder of Carney Bank in 1984, which operated, until its acquisition in 1995, in both Broward and Palm Beach Counties . A specialty of Carney Bank was mortgage lending. Tom was also a founder, in 1986, of Gibraltar Savings and Loan in Miami , Florida. Gibraltar was known for its expertise and service in residential mortgages, offering single family housing loans from construction to permanent financing. Both financial institutions dealt primarily with individuals and local businesses in order to develop strong, long term financial relationships.

Peter Carney returned to Florida in 1993, after serving in the Treasurer's Office of the State of Massachusetts , and joined the Board of Directors of County National Bank of South Florida, which operated branches in Dade, Broward and Palm Beach counties.

Tom and Pete are both graduates of Boston College Law School. In 1999, they formed Crystal Title and Escrow Company and, as agents for Attorneys Title Insurance Company, provide the highest quality of title insurance.