Fidelity Homestead Savings Bank has announced its acquisition of NOLA Lending, Group, LLC. NOLA specializes in residential mortgages and has 24 locations including: Franklin and Murfreesboro, as well, as offices in Memphis, Florida, Alabama, Mississippi and Louisiana. NOLA has become one of the largest mortgage lenders in the region with its loan volume over the last two years exceeding $1.25 billion.
Fidelity is the largest mutual bank in the Gulf South region, offering a full array of banking services, including commercial, residential and consumer loans. Moving forward, NOLA Lending will operate as a division of Fidelity Homestead Savings Bank, bolstering the bank’s existing residential loan operation.
“This is a win for both companies, as Fidelity holds one of the strongest capital positions among community banks in the region, and NOLA Lending has a strong reputation with realtors, consumers and lenders for fast and efficient processing of residential loans in the Southeast,” said Alton Mcree, president and CEO of Fidelity.
Please join our FREE Newsletter
