M&A - BANK 2019-BNK18

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003292

Filing Summary: On February 28, 2025, BANK 2019-BNK18 reported the acquisition of the third-party servicing segment of Wells Fargo Bank, National Association's commercial mortgage servicing business, known as the CMS Transaction. Trimont LLC was appointed as the general master servicer under a pooling and servicing agreement and is now responsible for servicing commercial and multifamily loans. The acquisition is expected to enhance Trimont's servicing capabilities and is accompanied by ratings from Fitch, S&P, and Morningstar DBRS, indicating their assessments of Trimont as both a primary and special servicer of commercial mortgage loans. The transaction included transfer of relevant CMS employees, systems, and procedures to Trimont, with a transition services agreement established for post-acquisition support from Wells Fargo.