Northpointe Bancshares has entered into a definitive purchase and lease assumption agreement with CMG Mortgage Inc. to divest its distributed retail and consumer direct mortgage origination channels. Under the terms, CMG will pay Northpointe 15 basis points (0.15%) on any first-lien mortgage originations closed through these channels until December 31, 2028, while assuming associated leases where possible. The transaction is subject to customary closing conditions and is expected to be completed by November 30, 2026. Northpointe Bancshares operates as the holding company for Northpointe Bank, providing home loans and retail banking products.
