The merger adds four branches to Arlington's existing six throughout the region. The combined entity now has more than $1.5 billion in annual loan production, and, as a result of the merger, can lend in more than 30 states.
Phil Russo and Kevin Kenyon, CEO and president of Arlington, respectively, retain their titles and positions in the merged company. Windsor's founders, Dan Leinhauser, CEO, and Joe Granahan, president, join the executive management team of Arlington as equity owners and will remain in the West Chester office. Terms of the merger are undisclosed.
"This merger…allows us to more than double in size overnight and, at the same time, inherit a complete company infrastructure that would have taken us hundreds of thousands of dollars and an enormous amount of time and energy to create on our own," says Leinhauser.
"By combining the strengths of our two companies and targeting a selective market, we expect to grow," Russo adds. Arlington is a Fannie Mae, Freddie Mac and HUD approved lender.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
