North State Bank Buys N.C. Brokerage

North State Bank Mortgage, a division of Raleigh, N.C.-based North State Bank, has acquired Envision Mortgage Corporation, a full-service mortgage broker headquartered in Wilmington, N.C.

“The Envision Mortgage brand is well-known in the Wilmington market,” said Ken Sykes, president of North State Bank Mortgage, in a press statement. “We are gaining Envision’s great people and also capitalizing on the market share and strong reputation they have made for themselves.”

North State Bank was founded in 2000 as a community bank serving North Carolina’s Wake and New Hanover counties seven full-service offices. Envision Mortgage Corporation was founded in 2010 by Bob Weber and Melanie Welsh, who will continue to work with North State.

“We have been working with North State Bank Mortgage for years as one of our most preferred lenders,” said Weber, CEO of Envision Mortgage Corporation. “With our values and visions aligning so perfectly, we are excited to become a part of their team. This partnership enables us to service our customers in a greater capacity.”

Following the closure of the deal, the North State Bank Mortgage team will consist of 10 mortgage professionals. The company stated that it “plans to aggressively recruit and hire new talent to the team.”