M&A - BANK 2022-BNK42

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003339

Filing Summary: On February 28, 2025, an 8-K report was filed by BANK 2022-BNK42, detailing the acquisition of the third-party servicing segment of Wells Fargo Bank’s commercial mortgage servicing business by Trimont LLC. This acquisition, referred to as the CMS Transaction, includes operating procedures and assets from Wells Fargo, which will be integrated into Trimont’s existing operations. Trimont plans to service both existing loans and the new CMS Loans as per the servicing agreements transferred to them. The report outlines Trimont’s capabilities, including extensive commercial mortgage servicing history, their role as master servicer for various agreements, and the structure of their operations post-acquisition. Also, the report mentions ongoing compliance with servicing obligations and integration strategies with respect to technology and staff from Wells Fargo.