M&A - BANK 2020-BNK25

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003678

Filing Summary: On February 28, 2025, BANK 2020-BNK25 filed an 8-K report regarding the acquisition of the third-party servicing segment of Wells Fargo Bank, National Association's commercial mortgage servicing business by Trimont LLC. The acquisition was completed as of March 1, 2025, and is referred to as the CMS Transaction. This includes the transfer of Wells Fargo's rights and obligations under related servicing agreements. Trimont, a provider of loan servicing, asset management, due diligence, and customized advisory solutions, will act as the general master servicer under the pooling and servicing agreement. The transition of services will involve a 12-month Transition Services Agreement with Wells Fargo, which will support Trimont during the initial phase of the acquisition. Trimont has been rated by Fitch, S&P, and Morningstar DBRS in various servicing capacities and will be incorporating CMS policies into its operations. The acquisition aims to enhance Trimont’s ability to manage commercial mortgage-backed securities.