Bank7 is set to expand its mortgage offerings in Oklahoma with the acquisition of First American Mortgage, Inc., a local lender with significant origination volume. First American, founded in 1993, has generated over $3 billion in mortgage loans, making it a notable player in the region. This acquisition represents a broader trend in the mortgage landscape, which is seeing a downward shift in M&A transactions, favoring stock purchases over asset purchases. Bank7 plans to grow both organically and through strategic acquisitions to enhance its presence in the market.
Bank7’s acquisition of First American Mortgage, Inc. signifies its strategic expansion plans while the mortgage M&A landscape continues to shift towards stock purchases over asset purchases.
First American Mortgage, founded in 1993, has a healthy origination history with $3 billion in loans, positioning it as a significant player in the Oklahoma market.
Despite an overall downturn in mortgage M&A activities in 2024, Bank7's acquisition indicates that there are still opportunities for growth through strategic purchases in the sector.
Historical trends show that mortgage acquisitions traditionally followed asset purchase protocols, but the shifting dynamics in 2025 suggest a transition to stock-based deals.
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