The deal integrates firm into financial network
Bank7 has completed its acquisition of First American Mortgage, Inc., a Yukon, Oklahoma-based mortgage lender and brokerage. The move expands Bank7’s mortgage division and reinforces its presence in the Oklahoma mortgage market.
First American Mortgage, Inc. was founded in 1993 by President and Owner Dale Bogle and has operated for over three decades. The company has provided over $3 billion in mortgage funding, assisting approximately 18,000 families with home financing.
It's important to note that this First American Mortgage, Inc. is an independent entity and is not affiliated with First American Financial Corporation, a large national provider of title insurance and settlement services.
Initially based in south Oklahoma City, the company relocated to Yukon in 2000 and has since offered a variety of mortgage products, including:
- Conventional loans
- Federal Housing Administration (FHA) loans
- Veterans Administration (VA) loans
- Section 184/Indian housing loans
- Refinancing options
"We're excited to expand Bank7 by joining with Dale and his great team of professionals," Bank7 president Jason Estes said in a Press release. “Under Dale's leadership, First American Mortgage has always been a high-touch and high-performing mortgage company, and we are honored to move forward together to better serve customers of both companies."
Headquartered in Oklahoma City, Bank7 operates 12 locations across Oklahoma, Texas, and Kansas. The acquisition aligns with its ongoing strategy to expand its mortgage lending services.
"First American Mortgage has always been committed to providing exceptional service and streamlined mortgage solutions. Partnering with Bank7 allows us to enhance our offerings while maintaining the same dedication to our clients and referral partners. We're excited for this next chapter and the opportunities it brings," said Dale Bogle, president and owner of First American Mortgage.
Financial details of the transaction were not disclosed.
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