Marquette Bancshares said Tuesday that it has purchased Northland Financial Co., a privately held commercial real estate financing firm. Terms were not disclosed.
Marquette, a $2 billion-asset bank holding company, acquired Minneapolis-based Northland so it would be able to offer a full line of loan and investment products to its commercial customers, said Bert Colianni, executive vice president and chief operating officer of Marquette.
Northland said it expects to originate $2.7 billion in commercial loans and service more than $4.6 billion in mortgages by yearend. The company has offices in 11 cities in the Midwest and West.
Marquette operates community banks and financial services companies in Minnesota, Wisconsin, South Dakota, and Nebraska.