Bank7 expands his mortgage range in Oklahoma. The Community Bank has its takeover of First American MortGage, Inc.A small mortgage provider and brokerage based in the suburbs of Oklahoma City.
The Yukon -based First American MortGage, Inc. Founded in 1993 by its president and owner Dale Bogle, according to Modex, about $ 41 million in origin has done in the past 12 months. The company says that it has provided more than $ 3 billion in mortgage loans since its foundation. (It has no connection with title giant First American Financial Corporation.))
Bank7, with headquarters in Oklahoma City, has 12 branches in Oklahoma, Texas and Kansas. The company said In a press release that it intends to grow organically with new branches and will also pursue strategic acquisitions. It originated per modexx Slightly less than $ 20 million In mortgages in the past year.
The deal is one of the first mergers and acquisitions in the mortgage in 2025. Housing Keeped 37 mergers, acquisitions, outputs and bankruptcies involving originators, serviceers, technical platforms and assessment and valuation companies in 2024. This marks a steep fall compared to the 62 transactions reported in 2023.
As Housingwire reported at the end of December, M&A experts that 2025 are comparable to 2024 in size, “But it is different in Makeup compared to the end of 2023.
“Historically, most of these transactions are structured as a purchase of assets, where you pay the owner to convey their people instead of buying the company itself. However, more and more deals are now becoming equity purchase agreements, which are a bit more complex, ” Sterling Point Advisers Said Brett Luden.
