First Century Bank, N.A. (FCB) of Gainesville, GA announced plans to expand their reverse mortgage division to prepare for significant growth in the market. During the expansion, FCB plans to add 30 to 50 reverse mortgage consultants over the next 6-12 months.
The bank stated that the move enables their lending division to respond to expected growth of the reverse mortgage market within their service area communities. According to Daniel Diaddigo, President of FCB Mortgage Division, "FCB is committed to providing outstanding mortgage products in the communities that we serve. The significant growth in our Reverse Mortgage Division is a reflection of the needs in our current communities. Therefore this expansion is a natural extension of our dedication to these additional markets."
To lead the expansion of the division, FCB hired industry veterans Bruce Diaddigo, Pam Martin, and Dennis Loxton.