Ready Capital Corporation and Owens Realty Mortgage Inc. jointly announced that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of Merger, dated as of November 7, 2018, by and among Ready Capital, ORM and ReadyCap Merger Sub, LLC. In addition, pursuant to the Merger Agreement, the size of Ready Capital’s board of directors was increased from six to seven members upon the closing of the merger, and Gilbert E. Nathan, an independent director of ORM, was appointed to Ready Capital’s board of directors.