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Synergy One Lending to acquire certain assets of BBMC Mortgage

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Synergy One Lending to acquire certain assets of BBMC Mortgage

San Diego-based Synergy One Lending Inc. agreed to acquire certain assets of Lombard, Ill.-based BBMC Mortgage LLC, a provider of home financing products and services including traditional mortgage products and reverse mortgages.

The terms of the deal were not disclosed.

As part of the deal, Synergy One hopes to transition most BBMC employees to the company.

The deal will expand Synergy One's footprint in the Midwest, according to CEO Terry Connealy.

BBMC Mortgage is a unit of Bridgeview Bancorp Inc. Synergy One is a unit of Mutual of Omaha Bank.