OAKLAND, Md. – First United Bank & Trust, a solely owned subsidiary of First United Corporation (NASDAQ: FUNC) today announced the acquisition of First Mortgage Services Group (FMSG), an independent mortgage company headquartered in Cumberland, MD.
Since 1997, FMSG has originated nearly $900 million in consumer mortgages including primary residences, vacation homes and investment properties in Maryland, West Virginia, and Pennsylvania.
“The combination of First Mortgage with our existing mortgage services will enhance our ability to assist our customers and market areas. The acquisition is expected to result in greater access to mortgage financing outlets and to enhance our coverage of the Allegany County market. We are also very excited to welcome the entire FMSG staff as they join our residential lending group. They bring a wealth of experience, knowledge, and a high level of customer service that reflects our culture and complements our existing skillsets”, commented Carissa L. Rodeheaver, CEO, President, and Chair of the Board.
“First Mortgage is thrilled to join the First United team!” said Jim Stemple, co-founder and FMSG owner. “Our team is passionate about continuing to provide quality, personalized service that best meets the homeowner’s needs.”