This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Northstar Acquires Mortgage Warehouse Company

DENTON, Texas, Dec. 31, 2012 /PRNewswire/ -- Northstar Bank of Texas ("Northstar"), a state chartered banking association headquartered in Denton, Texas, a member of Carlile Bancshares, Inc. ("Carlile"), a bank holding company headquartered in Fort Worth, Texas, takes great pleasure in announcing that as of December 28, 2012 it has acquired controlling interest in Goldome Financial, Inc. ("Goldome"), a Texas limited liability company headquartered in Flower Mound, Texas.

Northstar is directed by Tom C. Nichols, its Chairman of the Board, and Tony Clark its President and Chief Executive Officer. With assets over one billion, Northstar is the largest community bank in Denton County, Texas, and one of the largest in the Dallas/Fort Worth area.  With the Goldome acquisition, Northstar continues to expand its treasury management product line and mortgage division, consistent with its focus on supporting its customers with full-service solutions.

Goldome was established in January of 2010 by the three partners of the Texas-based law firm of Black, Mann & Graham, L.L.P., same being Tom Black, Calvin Mann, and Greg Graham.  The three founders of Goldome have taken an active involvement in the growth of the company and will continue to be involved in Goldome's future.  Managed since its formation by Pamela Robinson, a multi-year veteran of warehouse lending, Goldome was formed for the purpose of providing warehouse lines of credit to the mortgage lending industry operating in Texas and other states, for the purpose of funding mortgage loan transactions.  Ms. Robinson will continue to lead Goldome.

Formed in 2010, Carlile was established to invest in community banks throughout the Southwest, including Texas, New Mexico, Oklahoma and Colorado.  Founders Tom C. Nichols and Don E. Cosby have a legacy of banking experience with over 30 years buying and operating financial institutions.  Mr. Nichols serves as Chairman of the Board and Chief Executive Officer and Mr. Cosby serves as President and Chief Operating Officer of Carlile.  Messrs. Cosby and Nichols have maintained a focus on community banks throughout their careers.  As a consequence, Carlile has significant capital committed to provide the resources to acquire and grow community banks and fulfill the company's mission statement over a multi-year time period.

The parties have moved forward with this new ownership structure on the firm belief that the additional ownership expertise and resources being brought to bear in Goldome's operating platform will provide expanded funding capability and enhanced service levels for the customers of Goldome.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs