Wauwatosa Buying Waterstone Mortgage

Wauwatosa (Wis.) Savings Bank has announced that it is purchasing Waterstone Mortgage Corp., Pewaukee, Wis.The terms of the deal were not disclosed. Eric J. Egenhoefer will continue as president of Waterstone after the deal is completed, and the mortgage company will continue to operate under that name. Douglas S. Gordon, president and chief operating officer of Wauwatosa Savings, said the combination of the two companies "is a logical integration of mortgage lenders. It provides the ability for both companies to offer products that are unique to each." Besides its offices in Pewaukee, Waterstone has Wisconsin offices in Madison, Lake Geneva, and Sheboygan plus an office in Livonia, Mich. Wauwatosa also has a Pewaukee office, plus offices in Oak Creek, Oconomowoc, and Waukesha.