Eagan, Minn.-based River City Mortgage & Financial is acquiring the assets of privately held American Mortgage Corp., which comprises a dozen offices throughout the Twin Cities area.
Effective immediately, River City Mortgage & Financial will begin originating loans in several offices formerly occupied by American Mortgage, including Edina, Elk River, Coon Rapids and Eden Prairie.
"River City Mortgage & Financial is the best fit for our company," says Jim DeWall, CEO of American Mortgage. "Our corporate beliefs are very similar. Both of our companies have a very strong sales force that will be complemented by the different office locations that we both have."
SOURCES: River City Mortgage & Financial, American Mortgage Corp.