The Graystone Company (OTC: GYST) today announced successful completion of its acquisition of Direct Capital, a leading mortgage banker and broker, through a reverse merger transaction. According to the announcement, the transaction was finalized on June 1, 2023, resulting in a significant change of control within the company. Direct Capital, through its subsidiary Direct Mortgage, has exhibited remarkable performance. In 2022, the company generated revenues totaling $6,324,163 and, during the same year, facilitated approximately 450 loans, securing approximately $152 million in funded mortgages. The acquisition of Direct Capital by The Graystone Company marks a significant step forward in its commitment to providing exceptional financial services and expanding its footprint within the mortgage industry. With a strong foundation and a team of dedicated professionals, the company is excited about growth opportunities the merger brings and looks forward to providing enhanced services to its clients.
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About The Graystone Company Inc.
The Graystone Company is a dynamic and forward-thinking financial services company dedicated to delivering top-tier mortgage services and investment solutions to its clients. The company is committed to innovation, growth and excellence in the financial sector.
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