Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. The financials of the deal were not disclosed.

According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers. Mortgage tech platform Modex shows the lender originated about $250 million in mortgages in 2023, compared to about $422 million the previous year. 

Meanwhile, according to the same data sources, CCBank has only 10 licensed LOs and originated only $7.5 million in details ⇒

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