OCMBC, Inc. Acquires HomeStar Financial Corporation

Capital Community Bank Acquires Security Home Mortgage

May 3, 2024

Financial Services

Capital Community Bank (CCBank) has acquired Security Home Mortgage (SHM), which will operate as an independently run subsidiary to expand CCBank's mortgage capabilities and product offering. SHM's leadership, including President Jon Chamberlain, will remain in place as the businesses integrate to provide expanded mortgage and banking services to customers across Utah.

Smith Financial Corporation Acquires Home Capital Group Inc.

November 21, 2022

Financial Services

Smith Financial Corporation (via a wholly-owned purchaser) acquired all outstanding shares of Home Capital Group Inc. in a court-approved plan of arrangement, paying CAD 44.00 per share (increased to CAD 44.28 per share due to a post-May 20, 2023 closing adjustment). The transaction valued Home Capital at approximately CAD 1.7 billion, will result in Home Capital being taken private and its common shares delisted from the Toronto Stock Exchange.

Planet Home Lending Acquires Platinum Home Mortgage Corporation's Branches and Origination Staff

June 1, 2023

Financial Services

Planet Home Lending, part of Planet Financial Group, has acquired the assets of Platinum Home Mortgage Corporation, inheriting the majority of its origination staff and more than 20 branch offices. The acquisition expands Planet's retail footprint across the Midwest, Northwest and West Coast and brings additional purchase-focused production and loan officers to Planet's platform.

Mr. Cooper Acquires Flagstar Bank's Mortgage Operations

November 1, 2024

Financial Services

Mr. Cooper Group Inc. has closed its previously announced acquisition of Flagstar Bank N.A.'s mortgage operations, acquiring MSRs, advances, subservicing contracts, and Flagstar's third-party origination platform for approximately $1.3 billion in cash. The deal expands Mr. Cooper's servicing and origination capabilities and transfers Flagstar's mortgage customers and team members to Mr. Cooper, with full operational integration expected in early 2025.

Mechanics Bank Completes Strategic Merger with HomeStreet Bank

September 2, 2025

Financial Services

Mechanics Bancorp (the holding company of Mechanics Bank) has completed a strategic merger with HomeStreet Bank, creating a combined West Coast community bank with 166 branches and over $22 billion in assets. HomeStreet Bank merged into Mechanics Bank, and the combined banking organization will operate under Mechanics Bancorp as the holding company, expanding the franchise across California, Oregon, Washington and Hawaii.

AnnieMac Home Mortgage Acquires OVM Financial

June 30, 2022

Financial Services

AnnieMac Home Mortgage has acquired Virginia-based OVM Financial to expand its presence in the mid-Atlantic United States. OVM Financial is a $1.7 billion purchase-focused mortgage originator with over 220 employees and branch offices across Virginia, North Carolina, Texas and Florida; OVM's owners (including Matt Beckwith) and key executives will take leadership roles at AnnieMac.