Bank7 acquired First American Mortgage, Inc. as part of a strategic move intended to enhance the bank’s mortgage division and its ability to deliver a comprehensive suite of financial solutions for customers across its growing service area.
In a press release announcing the acquisition, Bank7 touted the 32-year-old independent residential mortgage lender’s reputation for delivering tailored lending solutions and exceptional customer service, which it has cultivated under the direction of owner and president Dale Bogle.
“We’re excited to expand Bank7 by joining with Dale and his great team of professionals,” Bank7 President Jason Estes said in a statement. “Under Dale’s leadership, First American Mortgage has always been a high touch and high performing mortgage company, and we are honored to move forward together to better serve customers of both companies.”
First American Mortgage and Bank7 are both based in Oklahoma City. First American Mortgage has facilitated more than $3 billion in funding for approximately 18,000 homebuyers since it was founded in 1993. It is not affiliated with First American Title Insurance.
“First American Mortgage has always been committed to providing exceptional service and streamlined mortgage solutions,” Bogle said. “Partnering with Bank7 allows us to enhance our offerings while maintaining the same dedication to our clients and referral partners. We’re excited for this next chapter and the opportunities it brings.”
Bank7 operates 12 locations in Oklahoma, Kansas and in the Dallas/Fort Worth metropolitan area. The bank said the acquisition aligns with the company’s commitment to growth and innovation, which it expects to benefit customers of both companies through a combination of expertise, streamlined processes and expanded network of lending professionals.