AmericasBank Buys Mortgage Lender

AmericasBank, Towson, Md., has reported the acquisition of uvm Mortgage Marketing Inc., a Towson-based mortgage lender.AmericasBank said it will buy certain assets and assume certain liabilities in exchange for an undisclosed amount of cash and stock in AmericasBank Corp., the bank's parent company. Mortgage Marketing will operate as a division of the bank serving the greater Baltimore area, and AmericasBank said the acquisition is expected to more than triple its mortgage banking capacity. Jon Zemarel, Ben Stauffer, and Linda Henritz will join AmericasBank as part of the transaction.