Friday, August 3, 2012

CertusBank acquires Charlotte mortgage company

A Greenville, S.C., bank announced today it will acquire Charlotte's Myers Park Mortgage Inc.

CertusBank, which has $1.8 billion in assets and offices across the Southeast, said it is buying the privately held mortgage company as part of a broader strategy to expand its mortgage business. The lender did not provide financial details about the deal, which is subject to regulatory approval.

Myers Park Mortgage chief executive Charles Myers said the merger will help "preserve the strong reputation and legacy built" since his company was founded in 1992.

Along with its Greenville, S.C., headquarters, CertusBank has corporate offices in Charlotte and Atlanta, plus 30 branches and 31 ATMs across the Carolinas, Georgia and Florida.