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Stock impact report

FVCbank’s Mortgage Minority Interest Announces Asset Acquisition

FVCBankcorp, Inc. (FVCB) 
NASDAQ:AMEX Investor Relations: snl.com/irw/corporateprofile/4624250
Company Research Source: Business Wire
FAIRFAX, Va.--(BUSINESS WIRE)--FVCbank today announced that its mortgage minority interest, Atlantic Coast Mortgage, LLC (“ACM”), a leading independent mortgage lender licensed in 40 states, recently announced its acquisition of Tidewater Mortgage Services, Inc. ("TMS"), a Coastal Virginia based mortgage lender serving the Mid-Atlantic and Southeast. The transaction will combine ACM's innovative, client-focused lending model and broad product suite with TMS's strong reputation for excellent customer service and community engagement.The acquisition will add approximately 45 loan officers along with support staff to the ACM team. The production from the TMS team is expected to make the acquisition immediately accretive in 2026, with minimal earnings impact in the 4th quarter of 2025. The acquisition aligns with ACM's growth strategy to expand its footprint while maintaining its commitment to a streamlined, technology-driven, client-focused lending experience. It provides the TMS tea Show less Read more
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