Notice of Business Merger & Name Change

May 3, 2019

On December 5, 2018, Gateway Mortgage Group, LLC (“Gateway”) entered into a definitive merger agreement pursuant to which Farmers Exchange Bank will merge with and into Gateway, with the resulting entity to be known as “Gateway First Bank”. The transaction is currently scheduled to close on May 3, 2019, subject to the satisfaction of all conditions to closing. Gateway will be the surviving legal entity of this merger and will operate its Correspondent Lending Division under the name “Gateway Mortgage Group, Correspondent Lending, a division of Gateway First Bank”. Gateway will continue to operate under its current agreement with you.

The purpose of this announcement is to inform you of the pending transaction and resulting name change for Gateway.  Beginning May 4, 2019, the following documents will need to show our new name, Gateway Mortgage Group, a division of Gateway First Bank:

  1. Note Endorsements
  2. Wire Transfer Language
  3. Mortgagee Clause
  4. Servicing Transfer Letter

See updates in Gateway Correspondent Client Guide, Chapter 4 on Loan Delivery and Purchase Policies for further information.

To review our FAQs, please select here:  Correspondent FAQs

Please direct any questions to your Regional Sales Manager

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