CEDAR CITY — The Cedar City-based CBC Mortgage Agency announced Monday that it has promoted Miki Adams to president.
Adams, who was promoted from executive vice president, replaces Richard Ferguson, who will now focus on developing new affordable housing initiatives.
“I’m excited to hand the reins to Miki,” Ferguson said. “Her comprehensive experience in the residential mortgage business combined with her commitment to closing the homeownership gap in America has been instrumental in enabling CBCMA to fulfill its mission.”
CBC Mortgage Agency provides down payment assistance on home purchases with Federal Housing Administration loans.
Adams has 30 years of mortgage lending experience.
“I’m excited about this new partnership and to continue to work with Richard in his new role as our company’s visionary,” Adams said. “Richard’s dedication to reducing racial wealth disparity by creating new opportunities for homeownership through down payment assistance has been inspirational.”