{"id":203,"date":"2021-05-20T15:23:00","date_gmt":"2021-05-20T19:23:00","guid":{"rendered":"https:\/\/www.amerantbank.com\/newsroom\/?p=203"},"modified":"2022-01-26T22:44:59","modified_gmt":"2022-01-27T03:44:59","slug":"amerant-mortgage-expands-its-footprint-and-capabilities-with-the-acquisition-of-idaho-based-first-mortgage-company","status":"publish","type":"post","link":"https:\/\/www.amerantbank.com\/newsroom\/corporate\/amerant-mortgage-expands-its-footprint-and-capabilities-with-the-acquisition-of-idaho-based-first-mortgage-company\/","title":{"rendered":"Amerant Mortgage Expands its Footprint and Capabilities With the Acquisition of Idaho-based First Mortgage Company"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>CORAL GABLES&nbsp;<\/strong>\u2013&nbsp;<a href=\"https:\/\/www.amerantbank.com\/exit-dialog\/?external-link=https%3A%2F%2Fwww.amerantmortgage.com&amp;target\" data-type=\"URL\" data-id=\"https:\/\/www.amerantbank.com\/exit-dialog\/?external-link=https%3A%2F%2Fwww.amerantmortgage.com&amp;target\">Amerant Mortgage, LLC<\/a>, a joint venture between&nbsp;<a href=\"https:\/\/www.amerantbank.com\" data-type=\"URL\" data-id=\"https:\/\/www.amerantbank.com\">Amerant Bank<\/a>, the second largest community bank headquartered in Florida, and a team of highly specialized professionals in the residential mortgage arena, announced today that it had acquired Boise, Idaho-based First Mortgage Company, Inc (\u201cFirst Mortgage).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the acquisition, First Mortgage was re-branded as Amerant Mortgage and will retain all its existing employees. The office will be Amerant\u2019s first outside of Florida<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe First Mortgage team has nearly 35 years of experience serving their community\u2019s needs, and we look forward to expanding our services into Idaho,\u201d said Miguel Palacios, Chief Business Officer, Amerant Bank. \u201cWe are extremely pleased with this strategically important move for Amerant Mortgage.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In response to a growing demand for residential mortgages in the midst of the booming residential real estate market, Amerant Mortgage provides conventional, government, Jumbo loans, and unique product offerings, positioning the organization as a true market leader in the industry. Amerant Bank&nbsp;<a href=\"https:\/\/investor.amerantbank.com\/news-releases\/news-release-details\/amerant-launches-amerant-mortgage\/\" data-type=\"URL\" data-id=\"https:\/\/investor.amerantbank.com\/news-releases\/news-release-details\/amerant-launches-amerant-mortgage\/\">recently announced its joint venture to form Amerant Mortgage<\/a>&nbsp;in January 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 1987, First Mortgage processes, underwrites, closes, and funds mortgage loans, and has earned a reputation over the decades for their capabilities in meeting the diverse financial needs of their clients.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis acquisition was an integral part of our business plan and uniquely positions the company with direct access to important federal housing agencies\u201d adds Howard Levine, Executive Vice President and Chief Revenue Officer for Amerant Mortgage.\u201d Joining our team\u2019s long track record of success with First Mortgage\u2019s team and capabilities creates a true win-win opportunity for those seeking residential real estate financing options in the communities we serve.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For additional information about Amerant, please visit&nbsp;<a href=\"https:\/\/www.amerantbank.com\" data-type=\"URL\" data-id=\"https:\/\/www.amerantbank.com\">www.amerantbank.com<\/a>&nbsp;and follow us on us on&nbsp;<a href=\"https:\/\/www.instagram.com\/amerantbank\/\" data-type=\"URL\" data-id=\"https:\/\/www.instagram.com\/amerantbank\/\">Instagram<\/a>,&nbsp;<a href=\"https:\/\/www.facebook.com\/AmerantBank\" data-type=\"URL\" data-id=\"https:\/\/www.facebook.com\/AmerantBank\">Facebook<\/a>,&nbsp;<a href=\"https:\/\/twitter.com\/AmerantBank?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" data-type=\"URL\" data-id=\"https:\/\/twitter.com\/AmerantBank?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Twitter<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/www.linkedin.com\/company\/amerantbank\" data-type=\"URL\" data-id=\"https:\/\/www.linkedin.com\/company\/amerantbank\">LinkedIn<\/a>&nbsp;at @AmerantBank.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About Amerant<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its subsidiaries, Amerant Bank, N.A. (the \u201cBank\u201d), Amerant Investments, Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit, and wealth management services. The Bank, which has operated for over 40 years, is the second largest community bank headquartered in Florida. The Bank operates 25 banking centers \u2013 18 in South Florida and 7 in the Houston, Texas area. For more information, please visit <a href=\"https:\/\/www.amerantbank.com\" data-type=\"URL\" data-id=\"https:\/\/www.amerantbank.com\">www.amerantbank.com<\/a> or <a href=\"https:\/\/investor.amerantbank.com\">https:\/\/investor.amerantbank.com<\/a>.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Media Contact:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Victoria Verdeja <br><a href=\"mailto:VVerdeja@AmerantBank.com\" data-type=\"mailto\" data-id=\"mailto:VVerdeja@AmerantBank.com\">VVerdeja@AmerantBank.com<\/a><a href=\"mailto:VVerdeja@AmerantBank.com\">&nbsp;<\/a><br>305-904-1038<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition Provides Direct Access to Fannie Mae, HUD\/FHA, and Veterans Administration<\/p>\n","protected":false},"author":6,"featured_media":269,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_genesis_block_theme_hide_title":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","with-featured-image"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amerant Mortgage Expands its Footprint and Capabilities With the Acquisition of Idaho-based First Mortgage Company - Amerant Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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