First Bank Announces the Acquisition of Capstar Lending
About First Bank
First Bank is a privately owned Texas bank, founded in Burkburnett in 1907. The Plano-based mortgage division was formed in 2011. It has quickly become recognized as an industry leader in the greater DFW area. First Bank has remained strong and successful for more than a century. Its business philosophy is simple: taking care of its people while also focusing on its customers and local communities. With that core value in mind, First Bank has recently grown its footprint. The bank added new branches in Aledo and Frisco, as well as dedicated loan production offices in Plano, McKinney, and Frisco. In 2020 First Bank closed over $533MM in mortgage loans and served over 1,800 families. It has also earned 5-star ratings on Facebook, Google, and Zillow. First Bank is committed to continuing its legacy of excellence and client service with its expansion into the Austin market.
About Capstar Lending
Established in 2004, by Mark Abernathy and Todd Kurio, Capstar Lending is one of the most well-respected mortgage companies in the Austin market. It was ranked the #1 Independently Owned Mortgage Company by Austin Business Journal. Capstar has also been a consistent Top 5 Performing Lender, as well as being identified as one of Austin’s best places to work. In 2020, Capstar Lending closed over $585MM in sales, and served 1,741 families in the Austin area.
Expanding Our Product Portfolio to Better Serve the Austin Market
The May 1st, 2021 acquisition of Capstar Lending brings First Bank’s vast mortgage product offerings directly to the Austin market. It also combines the financial strength of two culturally minded businesses. Chuck Miller, President of First Bank’s residential lending division states “The addition of Capstar Lending is a terrific fit as First Bank looks to further its footprint in the flourishing Austin market.”
The Capstar and First Bank teams want our Austin clients to know that they can continue to expect the exceptional level of service they’re accustomed to, with the added benefits of an expanded product portfolio tailored for almost any loan scenario. Click here to meet the First Bank team.
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