M&A - BANK 2018-BNK11

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003983

Filing Summary: On March 1, 2025, the corporate entity BANK 2018-BNK11 announced that Trimont LLC has been appointed as the master servicer under its pooling and servicing agreement, following Trimont's acquisition of the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business. This acquisition, referred to as the CMS Transaction, included the transfer of certain rights and duties of Wells Fargo to Trimont. Trimont's acquisition is significant as it expands its capabilities and portfolio in loan servicing for commercial mortgage-backed securities. The transaction is expected to enhance Trimont's servicing standards and compliance across various asset classes, including multifamily and commercial properties. The integration of former Wells Fargo employees and systems aims to streamline operations and improve service delivery. All operational changes are intended to maximize value for certificateholders and align with industry standards and regulations.