Figure Acquisition Corp. I / Mortgage Bank 2022
Figure Acquisition Corp. I acquired Mortgage Bank on December 9, 2022.
- Target
- Mortgage Bank
- Acquirer
- Figure Acquisition Corp. I
- Announced
- December 9, 2022
- Sub-sector
- Mortgage Tech
Transaction overview
- Figure Acquisition Corp. I announced the acquisition of Mortgage Bank on December 9, 2022.
- The deal is expected to close pending customary conditions.
Strategic rationale
Combine bank's balance sheet and mortgage footprint with Figure's blockchain technology for warehouse lending and digital asset registration.
Deal terms & multiples
Frequently asked questions
When did Figure Acquisition Corp. I announce the acquisition of Mortgage Bank?
Figure Acquisition Corp. I announced the acquisition of Mortgage Bank on December 9, 2022.
What sub-sector is Mortgage Bank in?
Mortgage Bank is tracked in the Mortgage Tech sub-sector.
Sources
- housingwire.com /articles/figure-acquisition-corp-i-plans-merger-with-mortgage-bank/