General World News

Oklahoma’s Bank7 acquires mortgage lender First American Mortgage Inc.

Bank7 is expanding its mortgage reach in Oklahoma. The community bank has completed its acquisition of First American Mortgage, Inc., a small mortgage lender and brokerage based in the suburbs of Oklahoma City.

Yukon-based First American Mortgage, Inc. founded in 1993 by its president and owner Dale Bogle, has done about $41 million in origination volume over the past 12 months, according to Modex. The company says it has provided over $3 billion in mortgage loans since its founding. (It has no affiliation with title giant First American Financial Corporation.)

Bank7, headquartered in Oklahoma City, has 12 branches in Oklahoma, details ⇒

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