St. Louis-based Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp., has acquired the operating assets of Gorman & Gorman Home Loans, a division of F&M Bank and Trust Co.
Mark Gorman, founder and president of Gorman & Gorman, has joined Enterprise as president of Enterprise Home Loans, the bank's mortgage lending division. Also joining Enterprise are approximately 30 Gorman & Gorman mortgage producers, underwriters and operations staff in St. Louis, Cape Girardeau, and Springfield, Mo.
‘With the addition of Mark Gorman and his team, Enterprise Home Loans will rank among the leading mortgage originators in the St. Louis area,’ says Scott Goodman, president of Enterprise Bank & Trust.
Financial terms of the acquisition were not disclosed.
