Guild Mortgage to acquire First Centennial Mortgage.

Guild Mortgage, a growth-oriented mortgage lending company, agreed to acquire First Centennial Mortgage, a privately held residential mortgage lender headquartered in Illinois. Financial terms were not disclosed. "We continue to effectively execute our strategy to grow and gain market share through acquisitions where there exists a strong cultural match and the potential for value is present for both parties. In today’s market, good companies are coming together to do great things where the whole is stronger than the sum of its parts. First Centennial has high-performing local teams with a history of steady growth, and the Guild platform should allow them to accelerate growth and supercharge the good work they are already doing," Terry Schmidt, Guild CEO.