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Northpointe Bancshares to sell mortgage channels to CMG

CMG's payment is tied to first-lien mortgage originations through the channels and runs through December 31, 2028.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Northpointe Bancshares, Inc. entered into a definitive purchase and lease assumption agreement with CMG Mortgage Inc. for the sale of its distributed retail and consumer direct mortgage origination channels. The agreement was entered into on October 26, 2026, following a non-binding letter of intent disclosed in Northpointe’s October 20, 2026 earnings release.

CMG will pay Northpointe 15 basis points (0.15%) on any first-lien mortgage originations closed through the channels until December 31, 2028. CMG will also assume associated leases where possible. The agreement includes customary closing conditions, representations and warranties, covenants and termination rights; the transaction is expected to be completed by November 30, 2026.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Payment rate 15 basis points (0.15%) Applies to first-lien mortgage originations closed through the channels until December 31, 2028
Expected completion November 30, 2026 The transaction is expected to be completed by this date
Agreement date October 26, 2026 Date the definitive purchase and lease assumption agreement was entered into
purchase and lease assumption agreement financial
"entered into a purchase and lease assumption agreement"
first-lien mortgage originations financial
"any first-lien mortgage originations closed through the Mortgage Origination Channels"
basis points financial
"15 basis points (0.15%)"
Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.
closing conditions financial
"The Agreement contains customary closing conditions"
Closing conditions are specific requirements or steps that must be met before a financial deal or transaction can be finalized. They act like a checklist that ensures all necessary details are confirmed and agreed upon, giving both parties confidence that the deal is ready to be completed. Meeting these conditions is essential for the transaction to move forward smoothly and successfully.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is CMG paying Northpointe for the mortgage channels?

CMG will pay Northpointe 15 basis points (0.15%) on any first-lien mortgage originations closed through the channels until December 31, 2028.

When is NPB's mortgage-channel sale expected to close?

The transaction is expected to be completed by November 30, 2026. The agreement includes customary closing conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FALSE000133670600013367062026-10-262026-10-260001336706exch:XNAS2026-10-262026-10-26


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 26, 2026

Northpointe Bancshares, Inc.
(Exact name of registrant as specified in its charter)


Michigan
No.  001-42517
38-3413392
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer
Identification No.)


3333 Deposit Drive Northeast
Grand Rapids, Michigan
49546
(Address of principal executive offices)
(Zip Code)

(616) 940-9400
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, no par value
NPB
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company     ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 




Item 8.01 Other Events

On October 28, 2026, Northpointe Bancshares, Inc. (NYSE: NPB) (the "Company"), the holding company of Northpointe Bank, issued a press release announcing that it has entered into a definitive purchase and lease assumption agreement (the "Agreement") with CMG Mortgage Inc. ("CMG") for the sale of its distributed retail and consumer direct mortgage origination channels (the "Mortgage Origination Channels"). This Agreement was entered into on October 26, 2026, related to the non-binding letter of intent previously disclosed on the Company's October 20, 2026 earnings release. Under the terms of the Agreement, CMG will pay the Company 15 basis points (0.15%) on any first-lien mortgage originations closed through the Mortgage Origination Channels until December 31, 2028. CMG will also assume any leases associated with the Mortgage Origination Channels, where possible.

The Agreement contains customary closing conditions, representations and warranties, covenants, and termination rights and the transaction is expected to be completed by November 30, 2026.

A copy of the press release announcing this appointment is attached hereto as Exhibit 99.1 and incorporated by reference herein.


Item 9.01    Financial Statements and Exhibits
(d)        Exhibits

Exhibit No.    Description
99.1
Press Release, dated October 28, 2026

104
Cover Page Interactive Data File (embedded within the Inline XBRL document)





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NORTHPOINTE BANCSHARES, INC.
Date: October 28, 2026By:/s/ Bradley T. Howes
Bradley T. Howes
Executive Vice President and Chief Financial Officer





Contacts:

Kevin Comps, President
616-974-8491 | kevin.comps@northpointe.com

Brad Howes, CFO
616-726-2585 | brad.howes@northpointe.com

Northpointe Bancshares, Inc. Announces Completion of Definitive Agreement with CMG to Sell Mortgage Origination Channels


GRAND RAPIDS, MICHIGAN (October 28, 2026) – Northpointe Bancshares, Inc. (NYSE: NPB) (the “Company”) today announced that it has entered into a purchase and lease assumption agreement (the “Agreement”) with CMG Mortgage Inc. (“CMG”) for the sale of its distributed retail and consumer direct mortgage origination channels (the “Mortgage Origination Channels”).

The Agreement was entered into on October 26, 2026, related to the non-binding letter of intent previously disclosed in the Company’s October 20, 2026 earnings release. Under the terms of the Agreement, CMG will pay the Company 15 basis points (0.15%) on any first-lien mortgage originations closed through the Mortgage Origination Channels until December 31, 2028. CMG will also assume any leases associated with the Mortgage Origination Channels, where possible.

The Agreement contains customary closing conditions, representations and warranties, covenants, and termination rights and the transaction is expected to be completed by November 30, 2026.


About Northpointe Bancshares, Inc.:
Headquartered in Grand Rapids, Michigan, Northpointe Bancshares, Inc. is the holding company of Northpointe Bank, a client-focused company that provides home loans and retail banking products to communities across the nation. Our mission is to be the best bank in America by bringing value and innovation to the people we serve. To learn more visit www.northpointe.com.


Filing Exhibits & Attachments

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