Friday, November 11, 2016

Evansville Teachers FCU Buys Regional Mortgage Company

CU Today is reporting that Evansville Teachers FCU (Evansville, IN) plans to purchase First Liberty Financial Mortgage, a regional mortgage company headquartered in Owensboro, KY.

With the acquisition, First Liberty Financial Mortgage will become a division of Evansville Teachers FCU.

The $1.3 billion credit union expects this acquisition to double its monthly mortgage production.

The deal is expected to become effective November 15 and will expand the credit union’s mortgage lending presence to 12 new markets in the states of Kentucky, Tennessee, Alabama, and Mississippi.

Read the story.

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