First Federal Bank Acquires Watson Mortgage Corp. Mortgage Business
April 18, 2024
First Federal Bank has signed a definitive agreement to acquire the mortgage business assets of Watson Mortgage Corp., bringing Watson's loan officers and customer relationships into First Federal's residential lending platform. The acquisition expands First Federal's retail lending capabilities and market share across the Watson Realty footprint while Watson Realty will transition mortgage servicing to the bank and retain its broader real estate operations.
- Buyers
- First Federal Bank
- Targets
- Watson Mortgage Corp.
- Sellers
- Watson Realty Corp.
- Industry
- Financial Services
- Location
- Florida, United States
- Transaction Type
- Divestiture
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