FVCbank's Atlantic Coast Mortgage Recently Acquired Tidewater Mortgage Services Mortgage Lender; Financial Terms Not Disclosed

FVCbank today announced that its mortgage minority interest, Atlantic Coast Mortgage, LLC ("ACM"), a leading independent mortgage lender licensed in 40 states, recently announced its acquisition of Tidewater Mortgage Services, Inc. ("TMS"), a Coastal Virginia based mortgage lender serving the Mid‑Atlantic and Southeast. The transaction will combine ACM's innovative, client-focused lending model and broad product suite with TMS's strong reputation for excellent customer service and community engagement.

The acquisition will add approximately 45 loan officers along with support staff to the ACM team. The production from the TMS team is expected to make the acquisition immediately accretive in 2026, with minimal earnings impact in the 4th quarter of 2025. The acquisition aligns with ACM's growth strategy to expand its footprint while maintaining its commitment to a streamlined, technology-driven, client‑focused lending experience. It provides the TMS team with the scale and resources to accelerate growth and adopt advanced technologies. The acquisition of TMS will enhance ACM's ability to serve first‑time homebuyers, veterans and repeat homeowners, and offer personalized guidance and competitive loan options.