Highlands Bancorp in Vernon, N.J., has acquired LCD Mortgage, a residential mortgage originator in Totowa, N.J.
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The $282 million-asset Highlands will combine LCD with its existing mortgage business, Secure Lending Solutions, the company said in a news release. Financial terms of the transaction were not disclosed.
Run by the father-and-son team of Lou and Peter D'Angelo, LCD services mortgage financing needs in Northern New Jersey. Highlands Bancorp is the holding company for Highlands State Bank.
