Citywide Banks Makes Investment in Colorado’s Englewood Mortgage Company

Citywide Banks has made a strategic investment in Englewood Mortgage Company (EMC), a locally owned firm based in Greenwood Village that specializes in residential mortgages. The transaction makes the bank a passive stakeholder in EMC. Financial terms between the two privately-held companies are not being disclosed publicly.

Citywide Banks plans to discontinue its residential mortgage department to strengthen its focus on banking solutions targeting Colorado businesses. Some of the bank’s residential loan officers and staff will join the employee team at EMC.

“Citywide Banks is proud to make this investment with Englewood Mortgage, a highly respected company that’s long commitment to the Denver community is well aligned to our family owned business bank,” commented Marty Schmitz, Chairman of Citywide Banks. “Both the bank and EMC exclusively serve the Front Range and have earned a reputation of high integrity and personalized service within business banking and mortgage lending, respectively.”

“Englewood Mortgage Company’s record of success is developed from its long term relationships with the most respected Colorado real estate companies,” noted Alan Schrum, President of EMC. “We also work closely with local relocation professionals in assisting their clients’ transitions to our great state. Our company’s developed track record of servicing clients in the investment industry helps position their clients toward an advantageous mortgage position within their portfolios. This new relationship with Citywide Banks will further strengthen our position in the community and we are proud to have this collaboration with such a strong, locally owned bank.”

About Englewood Mortgage Company
Since 1987, Englewood Mortgage Company been locally owned and operated and has ranked among Colorado’s top performing mortgage companies. It has built a solid reputation for helping homebuyers obtain the right mortgage for their needs by providing the best of both worlds – the flexibility of a smaller firm with the buying power and product variety of a much larger company. For more information, please visit www.EnglewoodMortgage.com.

About Citywide Banks
Colorado owned and family operated since 1963, Citywide Banks specializes in commercial lending, deposit accounts and treasury management solutions for businesses throughout Denver and Boulder. The bank operates 12 branches and has more than $1.3 billion in assets. The bank and its team of more than 230 employees are proud supporters of hundreds of Colorado charities through employee volunteering, financial contributions, and social media awareness campaigns. For more information, please visit the bank’s website at www.CitywideBanks.com. Citywide Banks is Member FDIC and an Equal Housing Lender.

Comments are closed.