Jim Lyddon has been named as the bank’s new Director of Residential Lending, overseeing all aspects of Bank 34’s residential mortgage programs across all geographic markets. Under this expansion, Bank 34 has added 22 full-time equivalent employees.
Bank 34 CEO Jill Gutierrez said: "This strategic step is consistent with our 80-year history of continually seeking to prudently expand our mortgage financing footprint geographically and competitively.
"Jim’s proven mortgage banking leadership experience, spanning nearly 30 years of owning and managing mortgage firms regionally and nationally, provides an ideal fit for our next chapter."
Bank 34 recorded its best mortgage performance ever during the first two quarters of 2015 through its existing physical origination footprint in southern New Mexico; El Paso, Texas; Tucson and Maricopa County, Arizona.
"As the complexities and financial requirements of the mortgage business continue to increase, executing a diligently-planned growth model on the already strong foundation of the Bank 34 franchise is a unique opportunity to set the standards and pace of positive change for our mortgage customers," stated Lyddon.
