Generations Bancorp Inc. has completed its acquisition of Brookfield-based Amerihome Mortgage Company LLC, creating a wholly-owned mortgage banking subsidiary, American Foundations MortgageBanc Inc.
"American Foundations MortgageBanc will focus on finding customers the right mortgage at the right price, while providing a timely, painless mortgage process," said Greg Kolton, Generations Bancorp chairman, president and chief executive officer.
Nicholas DelTorto, Amerihome president and CEO, will serve as president and CEO of American Foundations MortgageBanc. DelTorto said Amerihome employees will continue in their current positions.
"Our experienced staff has the industry knowledge and the technological capabilities to deliver a smooth mortgage process," DelTorto said. "And as part of Generations Bancorp, a strong and solid bank holding company, we have access to more capital to support continued growth and offer our customers greater long-term stability."
Generations Bancorp is the parent company of Foundations Bank in Pewaukee.
"Like Foundations Bank, American Foundations MortgageBanc takes pride in building long-term relationships through a consultative approach," Kolton said.
Generations Bancorp acquires Amerihome Mortgage Company
Operand type clash: text is incompatible with int
advertisement
Sorry, the story you tried to comment on is not accepting comments.