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9.30.2019 / Gateway Announcements

Gateway First Bank Has Record-Breaking August Loan Production

Jenks, Okla., Sep. 30, 2019 – With interest rates low, many homeowners are interested in refinancing. For Gateway First Bank, that meant another record production volume for the month of August, surpassing $817 million in residential mortgage loans. This represents more than a 6% growth rate from July to August. Gateway First Bank is one of the top banks in the State of Oklahoma and one of the largest mortgage operations in the United States.

The loan production numbers for August are historic and continue the Gateway First trend of record-breaking months, including July of 2019, which totaled more than $767 million. This year, Gateway First has already originated more than $4.6 billion in mortgage loans through August, putting the company on pace to substantially increase from the 2018 total production number of more than $6.1 billion that was a record-breaking year. Gateway First expects annual loan volume in 2019 to exceed $7 billion, making it historic for the company.

“We expect 2019 to be another record-breaking year despite a very challenging and ever-changing economic landscape,” said Stephen Curry, Chairman and CEO at Gateway First. “Gateway is outperforming our competition, delivering for our clients, on time every time, even at a time of record production. In times like this, a strong culture like ours really delivers for both employees and clients. The deep bench of talent at Gateway, coupled with a tradition of working hard for our clients, ensures superior results.”

About Gateway First Bank 

Gateway First Bank is a leading financial institution that provides banking and mortgage services for consumers and commercial customers. Headquartered in Jenks, Oklahoma, Gateway is a $1.9 billion asset sized bank with a strong mortgage operation.  Gateway is one of the largest banking and mortgage operations in the United States with six bank branches in Oklahoma, over 160 mortgage centers in 42 states, and almost 1,600 employees.  Learn more at Member FDIC, Equal Housing Lender (NMLS 7233)

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