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Texas Bank Acquires Warehouse Lender

Mortgage News

A bank out of North Texas has acquired a three-year-old warehouse lender. It’s just one of multiple acquisitions made by the financial institution.

Carlile Bancshares Inc. announced this month a definitive agreement to acquire Washington Investment Co. and its subsidiary, Colorado Community Bank.

Fort Worth, Texas-based Carlile in July acquired Northstar Bank of Texas.

Northstar, itself, which was hit by the Federal Deposit Insurance Corp. with a $9,500 civil money penalty in March 2011, acquired Curtis Mortgage in 2010 and renamed it Northstar Bank Mortgage.

Now Carlile is using Denton, Texas-based Northstar to acquire a controlling interest in Goldome Financial Inc.

The deal, announced Monday, closed on Dec. 28.

“Goldome was formed for the purpose of providing warehouse lines of credit to the mortgage lending industry operating in Texas and other states, for the purpose of funding mortgage loan transactions,” the news release stated.

Flower Mound, Texas-based Goldome was founded as a limited liability company in January 2010 by Tom Black, Calvin Mann and Greg Graham of the real estate law firm Black, Mann & Graham LLP. The trio “will continue to be involved in Goldome’s future.”

Pamela Robinson, who has managed Goldome since it was launched, will continue to lead the unit.

“With the Goldome acquisition, Northstar continues to expand its treasury management product line and mortgage division, consistent with its focus on supporting its customers with full-service solutions,” the announcement stated.

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