American Foundations MortgageBanc, Inc. Merges with Inlanta Mortgage

WAUKESHA, Wis., Aug. 10 /PRNewswire/ -- Inlanta Mortgage, a mortgage banker since 1993, announces that American Foundations MortgageBanc's retail offices and operations are merging with Inlanta Mortgage through a strategic agreement. American Foundations MortgageBanc was previously a wholly owned subsidiary of Generations Bancorp, Inc.

"We're excited that American Foundations MortgageBanc will be adding to the strength and quality that Inlanta has demonstrated over our 17 years in this business," said John Knowlton, President and Founder of Inlanta Mortgage. "As a conservative Midwest lender, American Foundations is a group of quality mortgage lending professionals and their core values are similar to ours and make this a perfect fit. This merger strengthens our presence in Illinois and Wisconsin."

American Foundations MortgageBanc has retail branches in Illinois and Wisconsin that will change their name to Inlanta Mortgage.

The merger will strengthen Inlanta Mortgage's leadership team. Nicholas J. DelTorto, President of American Foundations MortgageBanc, Inc. will join Inlanta Mortgage as Executive Vice President. He has more than 28 years of industry experience. In addition, John L. Watry will become Chief Financial Officer of Inlanta Mortgage; he was Chief Operating Officer at American Foundations MortgageBanc.

"We're pleased to be merging with Inlanta Mortgage and what the new combined company can offer its employees and customers. Inlanta is a top-notch organization that is highly regarded in the industry and marketplace. We look forward to continuing to provide our customers with more products and great service," stated DelTorto.

Terms of the transaction were not disclosed.

About Inlanta Mortgage

Headquartered in Waukesha, Wis., Inlanta Mortgage is a mortgage banking company conducting business in Arizona, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, North Dakota and Wisconsin.

Established in 1993, the company has grown to 28 branches in twelve states and over 180 employees. Inlanta Mortgage provides its partner branches with outstanding support services, including underwriting, marketing, compliance, processing, human resources, training, technology, accounting, legal, in-house funding and underwriting. Customers working with Inlanta Mortgage professionals have access to a variety of loan programs, including FHA.

Inlanta Mortgage upholds the highest level of honesty and ethics, delivering superior service and building long-lasting relationships. It is a member of the Mortgage Bankers Association and Lenders One, the largest cooperative of mortgage bankers in the nation. Inlanta is an accredited member of the Better Business Bureau with an A+ rating.

For more information, please call Inlanta Mortgage at 262-513-9853, email [email protected] or visit the company's website at www.inlantapartners.com.

SOURCE Inlanta Mortgage