SNFCA - Mergers and acquisitions

SALT LAKE CITY, Nov. 03, 2022 (GLOBE NEWSWIRE) -- SecurityNational Mortgage Company (the "Company"), a wholly owned subsidiary of Security National Financial Corporation (NASDAQ-SNFCA), announced the sale of substantially all of its mortgage servicing rights ("MSRs") to PNC Bank, NA ("PNC") for approximately $89.7 million. The Company and PNC executed the purchase and sale agreement on October 31, 2022. The MSRs relate to mortgages with an aggregate unpaid principal balance of approximately $7.05 billion that were previously originated by the Company. Scott Quist, Chief Executive Officer and Chairman of the Board of Directors of Security National Financial Corporation, stated, "First, to

SALT LAKE CITY, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ:SNFCA) announced today the closing of its purchase of Holbrook Mortuary ("Holbrook"). Holbrook is a Salt Lake based funeral service provider with one Mortuary located in the East Millcreek area. Holbrook serves approximately 200 families annually. John Holbrook, Holbrook's owner, said "We are thrilled to be joining Security National. Since 1941, as a three-generation family owned and operated business, we have been committed to serving our clients with honesty, excellence, and compassion. Security National shares that same commitment and together we will continue that legacy in the greater Sa

SALT LAKE CITY, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ:SNFCA) announced today the closing of its purchase of the Rivera Family Funeral Homes and Santa Fe Memorial Gardens ("Rivera"). Rivera is a New Mexico based death care service provider with four mortuaries and one cemetery located in northern New Mexico. Rivera serves approximately 1,300 families annually. Tim Rivera, founder of Rivera, said, "We are excited to join an organization that shares the same values and high standards as our family. Together, we are committed to continuing to provide the families of New Mexico with the premier products and services they have come to expect from our