San Antonio-headquartered Southwest Business Corp.'s (SWBC) mortgage division has acquired the assets of 15 branches from another Texas-based mortgage lender. Along with the branch asset acquisition, the company acquired an additional 114 employees.
‘The new group both supports and strengthens our existing talent pool, which complements our future growth strategy nicely,’ says Susan Stewart, president and CEO of SWBC Mortgage. ‘The goal of this acquisition is to combine our strengths and talents to create one of the most successful and efficient mortgage operations in the state.’
With this acquisition, SWBC Mortgage now has additional offices in Arlington, Texas; Austin, Texas; Clear Lake, Texas; Spring, Texas; Baton Rouge, La.; Shreveport, La.; Olympia, Wash.; and Bountiful, Utah.