Millennium Financial Group Acquired by Bank Holding Company

Nov 28, 2018

New York Attorney General Letitia James and New York Superintendent of Financial Services Linda Lacewell have announced a $3.75 million settlement against Columbia, S.C.-based Vision Property Management LLC

Millennium Financial Group, a privately-held residential mortgage lender, has been acquired by Community Heritage Financial Inc., the parent holding company of Middletown Valley Bank.

Both companies are headquartered in Middletown, Md. Middletown Valley Bank has six branches in Maryland and approximately $428.8 million in total assets. Millennium Financial Group, which will continue as an independent entity under the holding company structure, operates four offices in Maryland. The financial terms of the transaction were not disclosed.

"The recent implementation of the holding company structure has provided an opportunity for us to join forces with another financial services organization, and we are excited to see what we can achieve together," said Robert "BJ" Goetz, President and CEO of Community Heritage Financial Inc.

About the author

Phil Hall

Link copied

Published

Nov 28, 2018

People On The Move

Ginnie Mae President Alanna McCargo Announces Resignation

McCargo was first woman and first woman of color at the helm of Ginnie Mae.

The U.S. Department of Housing and Urban Development (HUD) today announced that Alanna McCargo, president of the Government National Mortgage Association (Ginnie Mae), will resign, effective May 3, 2024. McCargo has served in the Biden-Harris Administration since January ...

People On The Move

Christensen, Andrus Added At CE Class Leader

Maximum Acceleration hires mortgage exec. as education director, adds banking manager

Brandon Christensen, a longtime mortgage broker and trainer, has been named Director of Education and National Instructor for Maximum Acceleration LLC, a leading NMLS-approved course provider for mortgage pre-license and continuing education. "Having Brandon join our amaz...