Gateway Mortgage Group completes merger, becomes Gateway First Bank

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Gateway Mortgage Group announced it has completed its merger with Farmers Exchange Bank to form Gateway First Bank, an Oklahoma banking corporation. "This acquisition and resulting transformation is a very important achievement for Gateway," said Stephen Curry, Gateway’s Chief Executive Officer.

Gateway Mortgage Group, a full-service mortgage company licensed in 40 states and the District of Columbia, recently received approval from the Federal Deposit Insurance Corporation (FDIC) to merge with Farmers Exchange Bank in Cherokee, Okla.. The new entity, Gateway First Bank, will be a diversified financial institution with a strong capital base, size and scale, the lender says in a release.

The mortgage company founded by Gov. Kevin Stitt and Farmers Exchange Bank have finalized a merger to operate under the name Gateway First Bank.

Gateway Mortgage Group Completes Merger to Form Gateway First Bank Jenks, Okla., May 6, 2019 – Gateway Mortgage Group, LLC, a full-service mortgage company licensed in 40 states and the District of Columbia, announced it has completed its merger with Farmers Exchange Bank to form Gateway First Bank, an Oklahoma ba.

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The homepage of the servicing industry. gateway mortgage group announced it has completed its merger with Farmers Exchange Bank to form Gateway First Bank, an Oklahoma banking corporation.

Gateway will be the surviving legal entity of this merger and will operate its Correspondent Lending Division under the name "Gateway Mortgage Group, Correspondent Lending, a division of Gateway First Bank". Gateway will continue to operate under its current agreement with you. The purpose of this announcement is to inform you of the.

Gateway Mortgage Group Completes Merger to Form Gateway First Bank . Jenks, Okla., May 6, 2019 – Gateway Mortgage Group, LLC, a full-service mortgage company licensed in 40 states and the District of Columbia, announced it has completed its merger with Farmers Exchange Bank to form Gateway First Bank, an Oklahoma banking corporation.

If the application receives final federal approval, Gateway Mortgage Group would become Gateway First Bank. Following the merger, the Stitt family trust would have majority ownership of Gateway First Bank, but the plan is to add additional owners, according to Stephen Curry, CEO at Gateway Mortgage Group.