CMG Financial completes acquisition of Norcom Mortgage to bolster its northeastern presence
Acquiring Company
CMG Financial
Acquired Company
Norcom Mortgage
San RamonAvonFinancial ServicesRetailLendingDescription
CMG Financial, headquartered in San Ramon, CA, has expanded its presence in New England through the retail acquisition of Norcom Mortgage. The addition of 25 branches from Maryland to Maine enhances CMG's northeastern footprint and reinforces its position in the mortgage banking industry.
Quick answer
CMG Financial is acquiring Norcom Mortgage, announced April 11, 2024. CMG Financial is based in San Ramon, California, United States.
- How much did CMG Financial pay for Norcom Mortgage?
- The deal value was not disclosed.
- What does CMG Financial do?
- CMG Financial is a well-capitalized mortgage bank founded in 1993, with a strong presence in retail lending, wholesale lending, and correspondent lending channels.
- Where are CMG Financial and Norcom Mortgage based?
- CMG Financial is based in San Ramon, California, United States. Norcom Mortgage is based in Avon, Connecticut, United States.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Retail
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Gesa Credit Union to acquire Security State Bank to expand service in the Pacific Northwest (May 23, 2024)
- Hope Bancorp to merge with Territorial Bancorp to create largest regional bank for multi-ethnic customers (April 29, 2024)
- Bank Alfalah Limited announces intention to acquire 84.51% shares and control of Samba Bank Limited (April 15, 2024)
- Atlantic Union Bankshares Corporation completes acquisition of American National Bankshares Inc. (April 1, 2024)
- OneMain Holdings, Inc. completes acquisition of Foursight Capital LLC to expand into auto lending business (April 1, 2024)
- Capital Bancorp, Inc. finalizes acquisition of Integrated Financial Holdings, Inc. in a $66 million cash and stock transaction, $66M (March 28, 2024)
Who to call at CMG Financial, and when
When CMG Financial changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day CMG Financial raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at CMG Financial, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at CMG Financial. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment CMG Financial makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Norcom Mortgage?
Norcom Mortgage was acquired by CMG Financial, based in San Ramon. The deal was reported on April 11, 2024. CMG Financial is a well-capitalized mortgage bank founded in 1993, with a strong presence in retail lending, wholesale lending, and correspondent lending channels. CMG Financial is privately held and operates in Financial Services.
When did CMG Financial acquire Norcom Mortgage?
CMG Financial's acquisition of Norcom Mortgage was reported on April 11, 2024. CMG Financial, headquartered in San Ramon, CA, has expanded its presence in New England through the retail acquisition of Norcom Mortgage. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Norcom Mortgage do?
Norcom Mortgage, founded in Connecticut in 1989, is a northeastern mortgage company with a strong retail presence boasting over three decades of success. It is privately held, operating in Retail, and is based in Avon.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.