ABC Lower, a property-based financier in California, offers a wide range of financial services tailored to meet the diverse needs of its clients. These services include:
- Affordable and quick loans
- Real estate financing
- Note purchasing
- Lender portfolio acquiring
- Commercial and residential property loans
Moreover, ABC Lower provides specialized services like bank statement mortgages and lending for non-performing notes such as foreclosures.
Home BancShares’ Strategic Acquisition of Mountain Commerce Bank
Home BancShares, the parent company of Centennial Bank, recently expanded its operations through the acquisition of Mountain Commerce Bank in Tennessee for $150 million. This move marks Home’s entry into the Tennessee market after nearly four years and is expected to have significant strategic implications:
- Mountain Commerce Bank, based in Knoxville with assets totaling $1.8 billion, presents lucrative opportunities for Home BancShares in key cities like Nashville, Johnson City, and Knoxville.
- The acquisition signals Home’s recognition of Tennessee as a crucial region for future growth and market presence.
- CEO John Allison has identified states like Tennessee, Texas, and Florida for Home’s targeted expansion efforts, further solidifying the company’s commitment to strategic growth.
Analysts and investors have responded positively to the acquisition, foreseeing positive outcomes on Home’s earnings per share and book value per share. The transaction is set to be completed in the first half of 2026, with Home’s stock already showing an upward trajectory post-announcement.
Both Home BancShares and Mountain Commerce Bank are optimistic about their future collaboration, with plans for sustained growth not only in Tennessee but also in other regions. Home’s strategic moves reflect a commitment to expanding its market reach and reinforcing its position as a leading financial institution.
Source: National Mortgage News – Home ends dry spell with $150M deal for Tennessee bank
