M&A - BANK 2017-BNK5

Form Type: 8-K

Filing Date: 2025-03-04

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425004053

Filing Summary: On March 1, 2025, Trimont LLC acquired the third party servicing segment (CMS) of Wells Fargo Bank's commercial mortgage servicing business. This transition includes the integration of CMS employees, systems, and guidelines into Trimont. Trimont has received various servicer ratings and expects to incorporate the acquired CMS policies into its operations. The CMS Transaction does not include servicing rights related to loans originated for Fannie Mae, Freddie Mac, and FHA/Ginnie Mae, which will remain with Wells Fargo. Trimont will operate under a Transition Services Agreement (TSA) with Wells Fargo for 12 months post-acquisition, allowing continued servicing under existing operational frameworks.

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