"Tidewater's deep roots and outstanding reputation across the Mid-Atlantic align perfectly with our vision and values, Coy said. Together, we will deliver an exceptional mortgage experience on a larger scale while continuing to give back to the communities we serve."
"Tidewater President Rob Runnells said joining Atlantic Coast Mortgage will allow the company to broaden its products and resources while maintaining its culture."
"Our clients will benefit from ACM's advanced technology platform and national resources, and our employees will have new opportunities for growth, Runnells said."
"Founded in 2011, Atlantic Coast Mortgage originates residential mortgages and construction loans. It operates 23 branches across Virginia, Maryland, the District of Columbia, North Carolina, South Carolina and Florida. Year to date, the company has produced a total volume of $1.73 billion, according to Modex data."
Atlantic Coast Mortgage acquired Tidewater to expand its regional reach while maintaining a focus on client service and community support. Tidewater brings deep Mid-Atlantic roots and a strong regional reputation that align with Atlantic Coast Mortgage's vision and values. The transaction positions the combined company to deliver mortgages at a larger scale while preserving culture. Tidewater reported year-to-date volume of $389.41 million. Atlantic Coast Mortgage, founded in 2011, originates residential mortgages and construction loans, operates 23 branches across six states and the District of Columbia, and has produced $1.73 billion year-to-date. Clients gain ACM's technology platform and national resources; employees gain growth opportunities.
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