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Gateway Mortgage to acquire Oklahoma's Farmers Exchange Bank

With an eye on long-term growth posturing, Gateway Mortgage Group has entered into an agreement to acquire Oklahoma’s Farmers Exchange Bank.

The agreement is for the purchase of more than 85% of Farmers Exchange Bank’s stock. With the acquisition, Gateway said it anticipates the ability to expand the resulting bank’s suite of services and lower the costs of those services for consumers.

“We believe this acquisition is an important next step for Gateway Mortgage Gr…
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