Hanna Holdings Inc.—the parent firm of Howard Hanna Real Estate Services, Nothnagle Realtors and RealtyUSA—has closed on the acquisition of 1st Priority Mortgage Inc. and Nothnagle Home Securities, officials announced Wednesday.
The transaction was approved by shareholders May 31.
“We are excited to be creating value for our customers in Rochester through this new partnership with 1st Priority,” said Armand D’Alfonso, president of Nothnagle Realtors, in a statement. “We have always greatly admired the team at 1st Priority, are proud to welcome them and look forward to what we can achieve together.”
“We are thrilled that 1st Priority, along with their great leadership, employees and mortgage counselors will be added to the Hanna family,” said Helen Hanna Casey, CEO in a statement. “We look forward to serving the New York market with the finest mortgage products and services offered.”
Brooke Anderson-Tompkins will remain as president of 1st Priority.
Merle Whitehead—former owner of 1st Priority—will remain as chairman of the board with Christine Nothnagle, director of strategic engagement, according to the company.
“We have been awaiting regulatory approval for close to a year and over that time, I have gotten to know Brooke and Merle and their team at 1st Priority to be great professionals in our industry, I am proud that they are on our team,” said Duffy Hanna, president of Howard Hanna Financial—the financial services arm of Hanna Holdings—in a statement.
1st Priority Mortgage and Nothnagle Home Securities funded $387,060,225 in mortgage lending in New York thanks to their merger, according to the company.
Howard Hanna Real Estate Services is the third largest real estate company in America with some 270 offices across eight states. The firm employs over 9,000 sales associates.
Just two years ago, Hanna Real Estate Services entered the New York real estate market. It acquired Nothnagle Real Estate that year, and it acquired RealtyUSA last year. Today it is the largest real estate company in New York State with 93 offices and 3,070 employees.
Nothnagle Realtors ranked No. 1 on the most recent Rochester Business Journal list of residential real estate firms with 981 full-time local agents.
Victor-based Community Real Estate Group merged with Nothnagle Realtors earlier this month.
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