Gateway Mortgage Group Completes Bank Acquisition – NMP
Industry News

Gateway Mortgage Group Completes Bank Acquisition

May 06, 2019
Gateway First Bank has promoted Jake Carlisle to the role of regional vice president of the Pacific Northwest

Gateway Mortgage Group LLC has completed its merger with Farmers Exchange Bank to form Gateway First Bank.
 
Headquartered in Jenks, Okla., the new entity has $1.2 billion in assets, five banking centers in Northwest Oklahoma, 160 mortgage centers with operations in 40 states and the District of Columbia, and over 1,200 employees. To fund the acquisition and support future growth, Gateway First Bank completed an initial closing of a private placement offering, raising approximately $40 million in equity capital.
 
“This acquisition and resulting transformation is a very important achievement for Gateway,” said Stephen Curry, Gateway’s CEO. “By combining two successful Oklahoma companies to form Gateway First Bank we have created a robust foundation for future growth. Over the next year we intend to deliver significant enhancements to the customer experience and new products, while maintaining the superior service, great culture and nationally-recognized workplace we’re known for.”
 
About the author
Phil Hall
Link copied
Published
May 06, 2019
Get the NMP Daily
People On The Move
EPM Brings Back David Abrahamson As Chief Risk Officer

The mortgage industry veteran previously spent a decade helping guide the wholesale lender’s growth

Equity Prime Mortgage has appointed David Abrahamson chief risk officer, bringing back an executive who previously spent 10 years with the Atlanta-based wholesale lender.Abrahamson has approximately 40 years of experience in the mortgage industry, spanning risk, operations, ...

Continue reading
Analysis and Data
Second-Home Lending Grows Faster Than Primary-Home Market

Vacation-home mortgages rose 4.1% in 2025, led overwhelmingly by affluent borrowers

Second-home mortgage originations increased in 2025 for the first time since the pandemic-era buying boom, revealing a modest but potentially valuable purchase niche concentrated among affluent, middle-aged borrowers.U.S. homebuyers took out 4.1% more mortgages for second ho...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Industry News
Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Industry News
Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Industry News
Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Industry News
Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Industry News
Jul 02, 2026
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Industry News
Jun 24, 2026