Guild Holdings acquires Cherry Creek Mortgage, terms not disclosed

Guild Mortgage has acquired Cherry Creek Mortgage, LLC, a privately held Colorado-based lender. "We continue to look for potential new partners with strong local teams, a history of growth and community commitments," said Mary Ann McGarry, Guild CEO. "Cherry Creek has grown steadily over the years and shown a dedication to giving back that parallels ours, with an executive team and loan officers who are active in every market. Guild has a longstanding admiration for Cherry Creek’s approach to business and its accomplishments, and we feel confident our two companies will be able to take advantage of our synergies in each market and do even more for our customers, together." JMP Securities is the investment bank representing Cherry Creek in this transaction and the terms of the acquisition were not disclosed.