American Pacific Mortgage announces
Employee Stock Ownership Program to roll out March 2021

Giving Back

APM Chairman Kurt Reisig stated at a recent employee meeting that this decision was made to preserve the dynamic culture of the company and give back to those who have contributed to the success of the company along the way, stating, "without our APM Family, we would not be where we are today. This is our way of saying thank you." The employee stock ownership plan (ESOP) will be finalized by March 15th with a 90-day rollout plan for employees.

Reaction

Employee reactions were overwhelmingly positive to this surprise announcement, and many who were hired during the recent volume surges were pleasantly surprised that they would also be included. “Every full-time employee will be included, including originators.” Kurt noted, “It is a huge advantage for our people and those considering a move – owning part of the company you work for keeps everyone working towards the same goals, and reaping rewards from their combined efforts.”

Indeed, this is a highly unusual move in an industry where companies are acquired, consolidated, or absorbed by bigger companies with very little gain for the employees. There are just 7,000 ESOPs in the U.S. and APM is thrilled to be one of them, playing to our mission to Create Experiences That Matter “not just for our customers, but also for our employees,” mentioned Bill Lowman, CEO of APM. “In an industry that doesn’t offer a lot in the way of retirement for many of its employees, this is a way to help provide a retirement nest egg, but also to reward and empower our branches and employees.”