Rockville Bank Mortgage Inc., a wholly owned subsidiary of Connecticut-based Rockville Bank, has acquired the assets of Family Choice Mortgage Corp., a residential first-mortgage lender licensed in Connecticut, Massachusetts and Rhode Island.
‘This acquisition expands Rockville Bank's mortgage lending activities along the I-91 corridor all the way from Hamden, Connecticut, up to Springfield, Massachusetts,’ says William J. McGurk, president and CEO of Rockville Bank. ‘Family Choice Mortgage Corp. provides residential first mortgages for sale to investors in the secondary market. Their mortgage products complement our Rockville Bank's product line, as they specialize in Federal Housing Administration loans, Veterans Affairs loans, loans to first-time home buyers, reverse mortgages and investor properties.’
As part of the acquisition, Jeffrey Lipes, president of Family Choice Mortgage, and his team of mortgage bankers will join Rockville Bank.
SOURCE: Rockville Bank