The transaction is expected to be finalized in the first quarter
Community Heritage Financial has announced that it is acquiring Millennium Financial Group, a privately held residential mortgage lender.
Millennium Financial, which does business as Mlend, will continue as an independent operation under Community Heritage’s holding-company structure. The transaction is expected to be finalized in the first quarter.
"The recent implementation of the holding-company structure has provided an opportunity for us to join forces with another financial-services organization, and we are excited to see what we can achieve together," Community Heritage President and CEO Robert Goetz said. "Mlend has a 15-year history of being a leader in residential mortgage lending in a footprint that aligns perfectly with CMHF and Middletown Valley Bank."
Community Heritage Financial is the parent holding company of Middletown Valley Bank.
"We are looking forward to this next chapter with CMHF and Middletown Valley Bank. We already work closely with Middletown Valley Bank, so this acquisition will allow for utilization of valuable expertise and resources on both sides, creating an even greater experience for our customers. This is the joining of two strong, local companies that have always been committed to the communities they serve," Millennium Financial President William Poffenbarger said.
