The high-stakes acquisitions of 2008 and subsequent legal liabilities have sapped enthusiasm from many prospective buyers for Silicon Valley and Signature Banks. The Federal Deposit Insurance Corp. may end up having to sell assets piece by piece.

The privately held lender, which has 68 branches covering 45 states, will help to expand Guild's footprint into reverse mortgage lending.

Despite ending 2022 in the red, the lender and servicer saw full-year profits exceed 2021's total.

The announcement came as a Federal Trade Commission suit to halt the deal became more likely.

The move comes nine months after Homebridge ended a planned merger last June with fintech Figure Technologies over delays in closing among other factors.

A legal filing could come as soon as Thursday, sources close to the matter claimed.

Brett Dillenberg oversees six branches previously under the umbrella of LendUS that were acquired by the Ohio-based lender last year.

The price tag for the Colorado-based lender was a "low seven-figure number," its CEO said.

Financial terms were undisclosed for the most recent acquisition.

But full year net income was more than double that for 2021, helped by an exchange of Dun & Bradstreet stock for the remaining equity in Optimal Blue.