Michael Lay - Residential Mortgage Lender

Michael Lay
Residential Loan Officer

May 2, 2022

Marine Bank and Trust has announced that Michael Lay has joined the 25-year old institution as a residential loan officer. With more than 25 years of mortgage lending experience, he is responsible for meeting the growing demand for residential mortgages in Martin and Palm Beach counties. Prior to joining the Bank, Lay was a mortgage banker with Home Mortgage Lending Corp. and Fidelity Federal Bank & Trust.

“Despite talk of a real estate cool down, we’ve yet to see any evidence,” said Bill Penney, President and CEO of Marine Bank. “The market remains competitive, so Marine’s goal is to ensure that we have a team of responsive professionals committed to providing a seamless mortgage lending experience for anyone wanting to purchase their dream home. Michael has an entrepreneurial spirit and realizes the value of stellar service and exceptionally happy customers. “

To meet 2022’s growing housing demand, the Bank has more than doubled its number of residential lenders in the last year.  In 2021, Marine Bank closed 115 residential loans totaling $55 million enabling its customers to buy homes or lower their existing loan rate.