Highlands Bancorp in Vernon, N.J., has acquired LCD Mortgage, a residential mortgage originator in Totowa, N.J.
The $282 million-asset Highlands will combine LCD with its existing mortgage business, Secure Lending Solutions, the company said in a news release. Financial terms of the transaction were not disclosed.
Run by the father-and-son team of Lou and Peter D'Angelo, LCD services mortgage financing needs in northern New Jersey. Highlands Bancorp is the holding company for Highlands State Bank.