(Mortgage M&A Trends) Bill Tessar of CIVIC: When an Acquisition Works—And What Lies Ahead for the Industry

Our recent acquisition was the exception: Pacific Western Bank provided us with the capital base to take us to new levels without “bankifying” us, and our business has had 12 straight record-breaking months since. It’s been a tremendous success. Given the likelihood there will be many more acquisitions in the industry’s near future, it seems useful to look back and understand why.