M&A - BANK 2018-BNK10

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003669

Filing Summary: BANK 2018-BNK10 has filed a Form 8-K regarding an acquisition related to Trimont LLC, effective March 1, 2025. Trimont, a loan servicing and asset management firm, has purchased the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business. The transaction, termed the CMS Acquisition, includes the transfer of existing staff, technology, and servicing obligations from Wells Fargo to Trimont. Trimont is set to manage various mortgage loans under different pooling and servicing agreements, enhancing its capability in the commercial mortgage servicing market. Additionally, Trimont's servicing ratings from various agencies have been detailed, and the transition services agreement with Wells Fargo will provide operational support for 12 months post-acquisition. The acquisition is expected to integrate operations smoothly and continue serving existing clients under newly adopted best practices and operational guidelines.

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