Press Release – FBC Mortgage, LLC. Acquires Staff and Certain Assets of Renaissance Mortgage Group, Inc., Merritt Island, Florida
February 18, 2010
189 S. Orange Ave., Ste. 970
Orlando, FL 32801
Contact: Stephanie Simmons
(407) 377-0327
FOR IMMEDIATE RELEASE
FBC Mortgage, LLC. Acquires Staff and Certain Assets of Renaissance Mortgage Group, Inc., Merritt Island, Florida
FBC Mortgage, LLC has acquired the staff and certain assets of Renaissance Mortgage Group, Inc. Renaissance Mortgage is a traditional residential mortgage lender headed by mortgage veteran Shawn Crouch. Shawn will manage the Merritt Island office as well as help develop the Merritt Island area for FBC. “We are very excited about the opportunity to expand FBC’s reach into the Merritt Island market with this talented team. Additionally, this will also help us better serve the customers of our affiliated Brevard County Bank, Prime Bank” said Joe Nunziata, CEO of FBC Mortgage, LLC. Prime Bank provides competitive banking products to individuals, small to medium size businesses and professionals all designed to help their clients achieve economic success and financial security. “We are pleased to expand our service offerings to our clients to include the mortgage products of FBC Mortgage. We welcome their mortgage professionals to our team.” Said Dana Kilborne, President/CEO, Prime Bank
“Speaking on behalf of Renaissance Mortgage, we are extremely pleased to be joining such a sound, stable and successful mortgage banking organization. With the support of the FBC Mortgage platform we expect to be able to significantly increase our ability to serve the mortgage needs of the Merritt Island Area. With the changes we have seen in the market and our industry it made sense for us to look to partner with a company that has resources to excel in this new mortgage industry. ,” stated Shawn Crouch. “We have wanted a presence in the Brevard market for some time and this acquisition gives us an instant presence and credibility” stated Rob Nunziata, President of FBC Mortgage LLC.
About FBC Mortgage, LLC-
Founded in 2005, FBC Mortgage is an employee and community owned residential mortgage lender. FBC is headquartered in Orlando Florida at the Plaza. Through its affiliation with Florida Bank of Commerce and its direct lending authority with FHA, VA, USDA, and conventional conduits, FBC has become one of the largest privately owned mortgage lenders in Central Florida. For additional information on FBC, please visit our press section at www.fbchomeloans.com