ALPHARETTA, Ga. Lahaina has closed its purchase of United Capital Mortgage Corp. of Denver for just under $3 million in cash, stock, and short-term notes.
Negotiation continued for several months, but in the final analysis, Accent Mortgage, Lahainas mortgage operation, takes a major step toward its goal of becoming a mortgage banker, said Scott Demerau, chairman and chief executive officer of Lahaina.
Betty Sullivan, chief operating officer of Lahaina, said: United has set mortgage origination records in recent months and we believe that this will continue. We have no intention of getting in their way. We have begun putting together our new business plan and budgets in order to keep the company on its growth path and take it to the next level.
Lahaina operates a multistate brokerage and banking organization through its Accent Mortgage Group, Accent Mortgage Services Inc., and Cross Keys Capital Corp. subsidiaries.