| Follow Us: Facebook Twitter

News

Huron Valley Financial grows staff 27 percent, eyes big acquisition targets

Ann Arbor-based Huron Valley Financial is poised to take a huge step forward this year through a potential large acquisition.

"We have definitely grown," says Eric Bradley, president & CEO of Huron Valley Financial. "We added a branch in Clarkston in late 2010. In October, 2011, we have acquired Approved Mortgages in Canton. We worked with them in the 1990s so it made a lot of sense to acquire them. Both the acquisitions have propelled our growth."

Huron Valley Financial
is a full-service mortgage banking firm specializing in every area of mortgage lending, such as construction loans or refinancing. The 15-year-old firm employs 61 people and has grown its staff by 27 percent over the last year, including two recent hires.

Bradley sees 2012 as a "watershed year" for Huron Valley Financial. The company has been looking at acquiring a couple of larger competitors. It was close to a deal last year but didn't move forward with it. Bradley thinks a similar acquisition is distinctly possible this year.

"What we're finding is there are a lot of mortgage companies with a lot of loan office staff but they don't have the capital to effectively build the infrastructure and manage today's regulatory environment."

Source: Eric Bradley, president & CEO of Huron Valley Financial
Writer: Jon Zemke
Signup for Email Alerts
Signup for Email Alerts

Related Company

  • Huron Valley Financial
    2395 Oak Valley Dr
    Suite 200
    Ann Arbor, MI 48103 Website
    Huron Valley Financial is a mortgage company based in Ann Arbor. The firm, founded in 1997, works with mortgages and financing for residential, commercial and other types of traditional loan.

Related Content