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Cornerstone Home Lending to buy The Roscoe State Bank

Housing Wire

The Roscoe State Bank was founded in 1906 with three locations in Texas – Roscoe, Sweetwater and Bastrop. It funded $5.1 billion in loans in the retail channel during the first half of 2022, good for 38th nationwide production volume but down 28.8% compared to the same period in 2021. . The transaction was first announced in June 2021.

Lending 309
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Cornerstone Home Lending to acquire Roscoe State Bank

Housing Wire

Judy Belanger, Cornerstone president, said Roscoe State Bank has served Texas suburbs Roscoe, Sweetwater and Bastrop for 115 years — the last 46 under CEO John Jay and Clyde Jay. No mortgage data was available for 2020. Roscoe’s website suggests it has five mortgage loan officers.

Lending 440
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Home inspection startup PunchListUSA raises $39 million in Series A

Housing Wire

Sweetwater Private Equity and Morpheus Ventures led the latest funding round with additional investors including Home Depot Ventures , Second Century Ventures and Palm Drive Capital. PunchListUSA has now raised more than $49 million in equity capital since its inception in 2018. .