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
Explore More
Related Acquisitions
-
PNC Financial Services Group Acquires FirstBank Holding Company for $4.1 Billion
January 6, 2026
Financial Services
PNC Financial Services Group announced a definitive agreement to acquire FirstBank Holding Company (parent of FirstBank) in a $4.1 billion cash-and-stock transaction. The acquisition expands PNC’s footprint in Colorado and Arizona and is expected to be integrated into PNC Bank, N.A. pending regulatory approvals.
-
First Financial Bancorp to Acquire BankFinancial Corporation
January 1, 2026
Financial Services
First Financial Bancorp agreed to acquire Chicago-based BankFinancial Corporation in an all-stock transaction valued at approximately $142 million. The deal is intended to expand First Financial’s presence in the Chicago market, adding 18 financial centers and BankFinancial’s consumer, trust/wealth management, and selected commercial lending capabilities.
-
BankFirst Capital Corporation Acquires The Magnolia State Corporation and Magnolia State Bank
July 1, 2025
Financial Services
BankFirst Capital Corporation signed and later completed its acquisition of The Magnolia State Corporation and its wholly owned subsidiary, Magnolia State Bank. The deal expands BankFirst’s presence across Mississippi and Alabama, bringing the combined company to 52 offices and approximately $3.2 billion in total assets.
-
Bank7 Acquires First American Mortgage, Inc.
February 28, 2025
Financial Services
Bank7, a community bank headquartered in Oklahoma City, has acquired First American Mortgage, Inc., a locally owned residential mortgage lender founded in 1993. The acquisition expands Bank7's mortgage division and deepens its residential lending capabilities to better serve customers across its Oklahoma, Texas (Dallas/Fort Worth) and Kansas markets.
-
DFCU Financial Acquires First Citrus Bank
January 3, 2023
Financial Services
DFCU Financial has completed its acquisition of First Citrus Bank and rebranded the combined operations as DFCU Financial. The deal expands DFCU's presence into the Tampa Bay/Florida market and brings First Citrus customers access to DFCU's broader product set including mortgages, consumer loans, and investment services.
-
United Federal Credit Union Acquires Edgewater Bank
October 27, 2020
Financial Services
United Federal Credit Union will acquire the assets and assume the liabilities of Edgewater Bank in an all-cash transaction. Edgewater Bancorp and Edgewater Bank will liquidate and distribute remaining cash to stockholders; the deal expands United's branch network and increases its assets to roughly $3.5 billion.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.