Capital Community Bank acquires Security Home Mortgage to enhance Utah’s financial landscape
Capital Community Bank (CCBank) has acquired Security Home Mortgage (SHM), a long-established provider of home mortgage solutions since 1999. This strategic acquisition, which makes SHM an independently operated division of CCBank, strengthens the bank’s growth strategy and financial services portfolio. The acquisition price has not been disclosed.
Empowering Financial Solutions Together
Through this acquisition, CCBank aims to provide a comprehensive suite of financial products to meet evolving customer needs. Integrating SHM’s home mortgage expertise into CCBank’s robust banking solutions will create a seamless financial hub for local clients. Matt Field, President & CFO of CCBank, emphasized, “CCBank and Security Home Mortgage are well-established Utah companies, and this partnership enables us to strengthen our market position to continue delivering industry-leading financial products, services, and home mortgages to our friends, families, and neighbors.”
Capital Community Bank acquires Security Home Mortgage to expand financial services in Utah.
A Shared Vision for Financial Empowerment
Both companies share a common goal of empowering individuals and businesses to achieve their financial goals while contributing to local prosperity. Jon Chamberlain, President of SHM, highlighted the positive impact, noting, “We are excited about the opportunities this acquisition presents. We are dedicated to leveraging the combined strengths of CCBank and SHM to innovate and enhance our product and service offerings.”
Commitment to a Seamless Transition
Existing SHM customers will gain access to CCBank’s lending and deposit products as SHM continues its operations seamlessly under the leadership of Chamberlain and Charlie Green. Field stated, “This acquisition will be seamless for all involved, and we expect no impact on SHM’s customers or personnel.”
With a strong foundation in Utah’s banking sector, the partnership between CCBank and SHM is poised to bring comprehensive, innovative solutions to the communities they serve.