{"id":474799,"date":"2021-04-12T09:53:08","date_gmt":"2021-04-12T13:53:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/merchants-marine-bank-launches-residential-mortgage-division\/"},"modified":"2021-04-12T09:53:08","modified_gmt":"2021-04-12T13:53:08","slug":"merchants-marine-bank-launches-residential-mortgage-division","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/merchants-marine-bank-launches-residential-mortgage-division\/","title":{"rendered":"Merchants &amp; Marine Bank Launches Residential Mortgage Division"},"content":{"rendered":"<p>        <!--.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Merchants &amp; Marine Bank Launches Residential Mortgage Division<\/b><\/p>\n<p>PASCAGOULA, Miss.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAt its annual shareholders meeting on April 1st, Merchants &amp; Marine Bank announced the creation of Canvas Mortgage, a new residential mortgage banking division. Canvas Mortgage will operate as a standalone division of the bank and serve the bank\u2019s trade area of Mississippi and the Alabama Gulf Coast as well surrounding communities.\n<\/p>\n<p>\nThe new mortgage division will be led by Jonathan Shows and Sharon Rice, two of the region\u2019s most accomplished residential mortgage leaders. Shows will serve as President, Mortgage Production, and Rice will be President, Mortgage Operations. Shows and Rice will be supported by a talented team of mortgage loan originators, underwriters and compliance officers.\n<\/p>\n<p>\n\u201cMortgage lending is an increasingly critical and relationship-oriented part of community banking,\u201d said bank President and CEO Clayton Legear. \u201cBy committing resources to create Canvas Mortgage, the Bank will have the opportunity to deepen existing customer relationships, attract new customers to our company, and help support the continued growth of the communities we call home.\u201d\n<\/p>\n<p>\n\u201cWe created Canvas Mortgage to be unique, with a focus on individualized service and providing the community with creative solutions to meet a broad range of home buying needs,\u201d said Shows. \u201cWith over 100 years of experience in mortgage lending, our team knows how to help customers find the right solution for their home buying or refinancing needs. We believe customers will welcome the opportunity to turn to us first as their primary option for a mortgage loan.\u201d\n<\/p>\n<p>\nCanvas Mortgage will offer a range of mortgage products including conventional, FHA, VA and USDA loans. In addition, the bank will continue to offer in-house product options for unique situations where a secondary-market alternative may not best meet a customer\u2019s needs. To learn more about Canvas Mortgage, or to obtain additional information on its product offerings, please visit <span class=\"bwuline\"><b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.canvasmortgage.com&amp;esheet=52409778&amp;newsitemid=20210412005607&amp;lan=en-US&amp;anchor=www.canvasmortgage.com&amp;index=1&amp;md5=cc5e11c8c9cc45332a8fcb54494501c6\">www.canvasmortgage.com<\/a><\/b><\/span><b>.<\/b><\/p>\n<p><b>About Merchants &amp; Marine Bank<\/b><\/p>\n<p>\nMerchants &amp; Marine Bank (M&amp;M Bank), a wholly-owned subsidiary of Merchants &amp; Marine Bancorp, Inc. (OTCQX: MNMB), is a full-service state-chartered community bank with more than $700 million in total assets. Merchants &amp; Marine Bank operates 14 full-service branch offices across the Mississippi and Alabama Gulf Coast, as well as loan and deposit production offices in Hattiesburg. The Bank has a five-star, superior rating from BauerFinancial, and offers a full suite of traditional and electronic banking services for both personal and business clients. Canvas Mortgage is an operating division of Merchants &amp; Marine Bank.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210412005607r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210412005607\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210412005607\/en\/<\/a><\/span><\/p>\n<p>\nClayton Legear<br \/>\n<br \/>President &amp; Chief Executive Officer<br \/>\n<br \/>Merchants &amp; Marine Bank<br \/>\n<br \/>3118 Pascagoula Street<br \/>\n<br \/>Pascagoula, MS 39567<br \/>\n<br \/>T: 228.934.1271<br \/>\n<br \/>E: <a rel=\"nofollow\" href=\"mailto:clayton.legear@mandmbank.com\">clayton.legear@mandmbank.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Mississippi<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Banking Other Construction &amp; Property Professional Services Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210412005607\/en\/870553\/3\/MMB_logo-4c.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Merchants &amp; Marine Bank Launches Residential Mortgage Division PASCAGOULA, Miss.&#8211;(BUSINESS WIRE)&#8211; At its annual shareholders meeting on April 1st, Merchants &amp; Marine Bank announced the creation of Canvas Mortgage, a new residential mortgage banking division. Canvas Mortgage will operate as a standalone division of the bank and serve the bank\u2019s trade area of Mississippi and the Alabama Gulf Coast as well surrounding communities. The new mortgage division will be led by Jonathan Shows and Sharon Rice, two of the region\u2019s most accomplished residential mortgage leaders. Shows will serve as President, Mortgage Production, and Rice will be President, Mortgage Operations. Shows and Rice will be supported by a talented team of mortgage loan originators, underwriters and compliance officers. \u201cMortgage lending is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/merchants-marine-bank-launches-residential-mortgage-division\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Merchants &amp; Marine Bank Launches Residential Mortgage Division&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474799","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merchants &amp; Marine Bank Launches Residential Mortgage Division - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/merchants-marine-bank-launches-residential-mortgage-division\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merchants &amp; Marine Bank Launches Residential Mortgage Division - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Merchants &amp; Marine Bank Launches Residential Mortgage Division PASCAGOULA, Miss.&#8211;(BUSINESS WIRE)&#8211; At its annual shareholders meeting on April 1st, Merchants &amp; Marine Bank announced the creation of Canvas Mortgage, a new residential mortgage banking division. Canvas Mortgage will operate as a standalone division of the bank and serve the bank\u2019s trade area of Mississippi and the Alabama Gulf Coast as well surrounding communities. The new mortgage division will be led by Jonathan Shows and Sharon Rice, two of the region\u2019s most accomplished residential mortgage leaders. Shows will serve as President, Mortgage Production, and Rice will be President, Mortgage Operations. Shows and Rice will be supported by a talented team of mortgage loan originators, underwriters and compliance officers. \u201cMortgage lending is &hellip; Continue reading &quot;Merchants &amp; Marine Bank Launches Residential Mortgage Division&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/merchants-marine-bank-launches-residential-mortgage-division\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T13:53:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210412005607r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/merchants-marine-bank-launches-residential-mortgage-division\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/merchants-marine-bank-launches-residential-mortgage-division\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Merchants &amp; 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