River City Mortgage & Financial, Eagan, Minn., has acquired American Mortgage Corp., a privately held correspondent lender, and plans to begin originating through some of the latter's 12 offices in the Twin Cities area. Former American Mortgage offices that River City plans to begin originating through include Edina, Elk River, Coon Rapids and Eden Prairie. American Mortgage was founded in 1997 and has originated over $2.5 billion in the last 10 years. Its website lists Jim DeWall as owner and chief executive and Wes Kehe as owner and president. River City was founded in 1994 and it has produced over $3 billion in loans, including $1 billion in the last five years. It now has 55 loan officers in six offices.
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