
Paul Davis
Founder, Bank SlatePaul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
Paul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
The Dallas company will pay nearly $54 million for a 49% stake in a lender that operates in 10 states.
The merger would create a company with nearly 400 branches, 87 loan production offices and $87 billion of assets.
The Dallas company agreed to sell MSRs tied to $14 billion of mortgages to PHH Mortgage.
The Arizona company will pay $1 billion for the parent of AmeriHome Mortgage, which manages a $99 billion mortgage servicing portfolio.
The California company acquired Civic Financial Services, which makes loans to residential real estate investors.
The company also reported a large fourth-quarter loss that reflected a significant increase in its loan-loss provision.
Amerant Mortgage includes several former bankers from City National Bank of Florida in Miami.
The investments, part of a post-merger effort to wring out more profits, include new commercial and mortgage lending platforms.
The bank agreed to acquire A Mortgage Boutique, which operates in six states.
Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized.