JENKS, Okla.--(BUSINESS WIRE)--Gateway Mortgage Group, LLC, a full-service mortgage company licensed in 40 states and the District of Columbia, announced Joe Siegel as its Chief Banking Officer. In this role, Siegel is responsible for executive oversight of the company’s Commercial, Consumer, and Specialty Lending activities in addition to Retail Banking services.
Gateway Mortgage Group recently received approval from the Federal Deposit Insurance Corporation (FDIC) to merge with Farmers Exchange Bank (Cherokee, Okla.). The merger will result in a new financial institution, Gateway First Bank, that will provide a broader suite of consumer and commercial banking services delivered through traditional and digital channels, including mortgages originated through local loan production offices nationwide, and full-service banking solutions at bank branches throughout Oklahoma.
“Joe has had a distinguished career in banking, holding leadership roles in commercial, corporate and private wealth lending at a variety of institutions,” said Stephen Curry, CEO of Gateway. “He has a proven track record of revenue generation, relationship management, and advisory services. We are excited to welcome him to Gateway and he is a core part of the team we have assembled to achieve our strategic objectives.”
Prior to joining Gateway, Siegel was Managing Director of Corporate Finance at Everett Advisory Partners, LLC. He has worked in the banking industry for over 35 years and held senior leadership roles at BBVA North America and BBVA Compass, as well as Bank of America Merrill Lynch where he performed within the syndicated finance, corporate lending, and wealth management arenas. Siegel’s experience also extends to private banking and risk management.
“The energy and culture at Gateway are contagious and it’s an honor to join such a great company,” said Siegel. “Gateway has a long tradition of success, growth and profitability, and making the move to becoming a bank will empower the company to serve more people, with more products. It’s an exciting time at Gateway and I look forward to what the future holds.”
In 2018, Gateway funded more than $6.1 billion in residential mortgage loans while its servicing portfolio surpassed 100,000 customers and $18 billion. The company attributes its success to the hard work of its team members. In fact, Gateway Mortgage Group has been recognized twenty-six times as an industry leader including receiving the prestigious Hall of Fame accolade in 2018 from Inc. Magazine as one of the country’s fastest-growing privately held companies for the eighth time.
About Gateway Mortgage Group, LLC.
Gateway is one of the largest privately held mortgage origination and servicing companies in the United States. Established in 2000 and headquartered in Jenks, Oklahoma, the company employs more than 1,100 team members in over 160 offices nationwide and currently services $18 billion in residential mortgages. For more information about Gateway, visit www.GatewayLoan.com. Gateway Mortgage Group, LLC (NMLS 7233).