The company that claims to be the oldest independent mortgage firm in Oregon has been acquired.
Skyline Financial Corp. has acquired First Pacific Mortgage, an online statement says.
The deal closed on April 1.
First Pacific, “Oregon’s oldest independent mortgage company,” was founded in 1983 by Ken Maes. Skyline was founded in 1985.
Clackamas, Ore.-based First Pacific now operates as the northwest division of Skyline.
“We started looking for strategic partners that we could merge with to address the new realities of the financial industry,” Maes said in the statement. “We decided to merge with Skyline Financial Corp. in Calabasas, Calif. In becoming the northwest division of Skyline Financial Corp., the team at First Pacific remains completely intact.”
