First Federal Bank Acquires NOLA Lending Group from Fidelity Bank

Reuters
Jan 06
First Federal Bank Acquires NOLA Lending Group from Fidelity Bank

First Federal Bank and Fidelity Bank have signed a definitive agreement for First Federal Bank to acquire Fidelity’s mortgage division, NOLA Lending Group. Following the transaction, First Federal Bank will continue to service loans from its locations in Georgia, Wisconsin, and Florida, and will retain most NOLA Lending Group employees. The NOLA Lending Group brand will remain, and the platform is expected to transition to First Federal within 60 days of closing. Both banks emphasized a shared commitment to delivering high-quality mortgage solutions and leveraging enhanced technology tools for customers.

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