Merchants & Marine Bank Launches Residential Mortgage Division
On April 1st, Merchants & Marine Bank announced the launch of Canvas Mortgage, a new residential mortgage banking division aimed at serving Mississippi, the Alabama Gulf Coast, and surrounding areas. Led by seasoned professionals Jonathan Shows and Sharon Rice, the division focuses on personalized service and a wide range of mortgage products, including conventional, FHA, VA, and USDA loans. This initiative is expected to strengthen customer relationships and support community growth, enhancing the bank’s comprehensive offerings.
- Launch of Canvas Mortgage to strengthen customer relationships.
- Experienced leadership team with over 100 years in mortgage lending.
- Wide range of mortgage products will cater to diverse customer needs.
- None.
At its annual shareholders meeting on April 1st, Merchants & Marine Bank announced the creation of Canvas Mortgage, a new residential mortgage banking division. Canvas Mortgage will operate as a standalone division of the bank and serve the bank’s trade area of Mississippi and the Alabama Gulf Coast as well surrounding communities.
The new mortgage division will be led by Jonathan Shows and Sharon Rice, two of the region’s most accomplished residential mortgage leaders. Shows will serve as President, Mortgage Production, and Rice will be President, Mortgage Operations. Shows and Rice will be supported by a talented team of mortgage loan originators, underwriters and compliance officers.
“Mortgage lending is an increasingly critical and relationship-oriented part of community banking,” said bank President and CEO Clayton Legear. “By committing resources to create Canvas Mortgage, the Bank will have the opportunity to deepen existing customer relationships, attract new customers to our company, and help support the continued growth of the communities we call home.”
“We created Canvas Mortgage to be unique, with a focus on individualized service and providing the community with creative solutions to meet a broad range of home buying needs,” said Shows. “With over 100 years of experience in mortgage lending, our team knows how to help customers find the right solution for their home buying or refinancing needs. We believe customers will welcome the opportunity to turn to us first as their primary option for a mortgage loan.”
Canvas Mortgage will offer a range of mortgage products including conventional, FHA, VA and USDA loans. In addition, the bank will continue to offer in-house product options for unique situations where a secondary-market alternative may not best meet a customer’s needs. To learn more about Canvas Mortgage, or to obtain additional information on its product offerings, please visit www.canvasmortgage.com.
About Merchants & Marine Bank
Merchants & Marine Bank (M&M Bank), a wholly-owned subsidiary of Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), is a full-service state-chartered community bank with more than
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