First Community Mortgage secures major acquisition

by Candyd Mendoza03 Mar 2021

Privately held lender First Community Mortgage (FCM) has completed its acquisition of A Mortgage Boutique (AMB).

As part of the deal, FCM has rebranded its wholesale unit as AMB Wholesale. First Community has tapped Retta Gardner, co-founder of AMB, to lead the division as executive vice president. Gardner said that the combined departments will enable AMB to continue serving its clients as part of a bigger organization, “but one with the same people-focused roots.”

“Retta’s leadership and the combined teams enable strategic growth of our wholesale division while also leveraging many synergies across other FCM divisions,” said First Community Mortgage CEO Keith Canter. “Our clients and business partners will immediately see the benefits of these additional strengths and marketplace momentum and will have an even better experience.”

In addition to Gardner, AMB President Nancy Skinner and KJ Harden, a partner in AMB, will join FCM.

“We are excited to partner with the team at AMB,” Canter said. “We welcome the clients and team members of AMB and are already finding that we are better together, as we anticipated when we announced this opportunity.”

FCM, a wholly-owned subsidiary of First Community Bank of Tennessee, operates in the wholesale, correspondent, and retail markets in 46 states. Last year, it funded over $3.5 billion in home loans and ranked fifth among top mortgage lenders in Metro Nashville, based on 2019 volume.