News

Click below to learn more about our latest transactions and other news.

Year Month Title
2017 April Transaction Announcement: Middleburg Financial Corp. has merged with Access National Corp.
2017 Feburary Recent News: Hyper Alloys has been Acquired by Wirco.
2017 Janurary Recent News: Stoneridge, Inc. acquires Orlaco Products BV.
2016 Decemeber Recent News: Fentura Financial, Inc. has Completed a $15.0 million Offering of Common Stock Through a Private Placement.
2016 Decemeber Transaction Announcement: OSB Community Bank has Completed a $5.461 million Offering of Common Stock Through a Private Placement.
2017 Janurary Transaction Announcement: Middlefield Banc Corp. has acquired Liberty Bank, N.A.
2017 Janurary Transaction Announcement: Capital Directions, Inc. has been acquired by Commercial National Financial Corporation.
2017 Janurary Transaction Announcement: Birmingham Bloomfield Bancshares, Inc. has been acquired by Arbor Bancorp, Inc.
2017 Janurary Transaction Announcement: Spartan Motors, Inc. has acquired Smeal Fire Apparatus Co.
2016 December Transaction Announcement: Fentura Financial, Inc. has acquired Community Bancorp, Inc.
2016 Decemeber Recent News: John Donnelly and Andrew Christians presented at the 2016 MBA Bank Management and Directors Conference.
2016 November Recent News: Automation Engineering, Inc. has been acquired by Mycronic AB.
2016 October Transaction Announcement: Middleburg Financial Corp. has agreed to merge with Access National Corp.
2016 September Transaction Announcement: Skyway Precision Inc. has acquired the assets of Daleo Machining.
2016 August Transaction Announcement: AMI Industries’ Fuel & Brake Business has been Acquired by Cooper Standard.
2016 August Transaction Announcement: West Michigan Bank & Trust has been acquired by West Shore Bank
2016 July 24 Recent News: Andrew Christians quoted in Bank of Ann Arbor purchase could signal future growth article in Crain’s Detroit.
2016 July 22 Recent News: Donnelly Penman mentioned in the Bank of Ann Arbor to buy Bank of Birmingham article in Crain’s Detroit Business.
2016 July Transaction Announcement: Middlefield Banc Corp. has agreed to acquire Liberty Bank, N.A.
2016 June Transaction Announcement: Capital Directions, Inc. has agreed to be acquired by Commercial National Financial Corporation.
2016 June Transaction Announcement: Birmingham Bloomfield Bancshares, Inc. has agreed to be acquired by Arbor Bancorp, Inc.
2016 April Recent News: Andrew Christians presented at the MBA Bankers Education Summit and Trade Show.
2016 April Great Lakes Banker Magazine - Donnelly Penman & Partners featured as the cover story in the Great Lakes Banker Magazine.
2016 May Press Release: John Donnelly quoted in Crain’s Detroit Business - Unhappy investors await Comerica's recovery plan.
2016 May Transaction Announcement: First Citizens Financial Corporation has Completed a $10.0 million Offering of Common Stock Through a Private Placement.
2016 April Announcement: Andrew Christians was invited to speak at the Michigan Bankers Education Summit and Trade Show.
2016 April Transaction Announcement: AFX Industries, LLC has been acquired by Exco Technologies Limited.
2016 March Transaction Announcement: Fentura Financial, Inc. to acquire Community Bancorp, Inc.
2016 March Transaction Announcement: Vi-Chem has been acquired by Americhem.
2016 March Transaction Announcement: Northern Michigan Bank & Trust has been acquired by First Bancshares Corporation.
2016 February Transaction Announcement: Millennium Industries Corporation has been acquired by TI Automotive.
2016 February Press Release: John Donnelly quoted in Crain’s Detroit Business – Local observers applaud Chemical-Talmer deal; Wall Street not so sure
2015 December Transaction Announcement: Cooper-Standard Rockford has been acquired by an affiliate of Flex-N-Gate.
2015 November Transaction Announcement: Northern Michigan Bank & Trust has agreed to be acquired by First Bancshares Corporation
2015 October Transaction Announcement: Central Bank has been acquired by First State Bancshares, Inc.
2015 August Transaction Announcement: Franklin Bancshares, Inc. has been acquired by Galva Investment, Inc.
2015 June Announcement: John Donnelly and Andrew Christians of Donnelly Penman were invited to speak at the Michigan Bankers Association Annual Convention on Mackinac Island.
2015 April Transaction Announcement: AGM Automotive & Trive Capital Partners with Durmont Teppichbodenfabrik.
2015 April Transaction Announcement: West Michigan Savings Bank has been acquired by Sturgis Bank & Trust.
2015 April Press Release: West Michigan Savings Bank has been acquired by Sturgis Bank & Trust.
2015 April Press Release: Chemical Financial Corporation Completes Acquisition of Monarch Community Bancorp, Inc.
2015 April Transaction Announcement: Chemical Financial Corporation has acquired Monarch Community Bancorp, Inc.
2015 February Leon Plastics has been acquired by a subsidiary of Motus Integrated Technologies
2015 February John Donnelly quoted in Deal Drivers Americas – 2014 Full Year Edition
2015 January 2014 Year End Review: DPP Initiates 18 Transactions in 2014, With Nearly $1.3 Billion in Total Consideration
2015 January Press Release: Old National Bancorp has Completed its Acquisition of Founders Financial Corporation.
2014 November Press Release: John Donnelly quoted in Crain’s Detroit Business - Top team, solid plan put Talmer Bank on fast track to growth.
2014 November Transaction Announcement: Chemical Financial Corporation to Partner with Monarch Community Bancorp, Inc.
2014 October Transaction Announcement: Chemical Financial Corporation has acquired Northwestern Bancorp, Inc.
2014 October Press Release: Chemical Financial Corporation has acquired Northwestern Bancorp, Inc.
2014 October Transaction Announcement: Autoform Tool & Manufacturing was acquired by a subsidiary of ParkOhio
2014 October Transaction Announcement: Techform was acquired by a subsidiary of Magna
2014 October Transaction Announcement: Unwired Technology has been acquired by Delphi Automotive
2014 October John Donnelly on the panel at the RMA Bank Mergers & Acquisitions: Dispelling Myths & Confirming Realities Conference
2014 September Transaction Announcement: GWP Holdings has been acquired by affiliates of Dobbs Management Service
2014 September Transaction Announcement: Flow Dry Technology was acquired by an affiliate of Argosy Private Equity
2014 September John Donnelly quoted in Crain’s Detroit Business – Small, midsize banks add financial advisory services to boost revenue
2014 September John Lewis quoted in Crain’s Detroit Business – Beaumont Health closes deal to merge 3 nonprofit systems
2014 August Transaction Announcement: Autocam Corporation has been acquired by NN, Inc.
2014 August Donnelly Penman & Partners Authors Annual Michigan Banking Trends Article for Michigan Banker Publication
2014 July John Donnelly quoted in Crain’s Detroit Business – How Bank of Ann Arbor takes on giants – and thrives
2014 July Transaction Announcement: Old National Bancorp to acquire Founders Financial Corporation
2014 June John Donnelly speaks at the Michigan Bankers Association Annual Convention on Mackinac Island
2014 June Transaction Announcement: Marine Bank & Trust Co. Completes $3.5 Million Private Placement
2014 June Transaction Announcement: Porter Group has been acquired by Pangeo
2014 May John Donnelly quoted in Crain’s Detroit Business – 25 years reshuffle names, industries on public company list
2014 May Transaction Announcement: AGM Automotive Partners with Chicago Miniature Lighting Team
2014 May Transaction Announcement: MBT Financial Corp. has Completed a $20.0 million Issuance of Common Stock Through a Private Placement and Public Rights Offering
2014 April Transaction Announcement: SCB Bancorp, Inc. has been acquired by Horizon Bancorp
2014 April Press Release: Horizon Bancorp Announces Closing of SCB Bancorp Inc. Merger
2014 March Transaction Announcement: Chemical Financial Corporation to Acquire Northwestern Bancorp, Inc.
2014 March Press Release: Chemical Financial Corporation to Partner With Northwestern Bancorp
2014 February Transaction Announcement: GR Spring & Stamping has been acquired by Gill Holding Company
2014 January Transaction Announcement AGM Automotive has received an investment from Trive Capital
2013 December Press Release: MBT Financial Corp. Announces Completion of Private Placement
2013 December Press Release: Crossline Capital, Inc. has been acquired by Stonegate Mortgage Corporation
2013 December Transaction Announcement: Crossline Capital, Inc. has been acquired by Stonegate Mortgage Corporation
2013 November Press Release: Monarch Community Bancorp Inc. announces the closing of its $16.5 million common stock offering
2013 November Transaction Announcement: Monarch Community Bancorp, Inc. Completes $16.5 Million Recapitalization; Redeems TARP from U.S. Treasury at Discount
2013 November Strong liquid currency sealed the deal between Summit Community, Horizon Bancorp
2013 November Horizon Bancorp and SCB Bancorp, Inc. sign Merger Agreement
2013 October Flexible Products Co. has been acquired by AirBoss of America Corp.
2013 September Donnelly Penman & Partners served as a member of the selling group in the $57.6 million follow-on public offering for Chemical Financial Corporation
2013 August Donnelly Penman & Partners Authors Annual Michigan Banking Trends Article for Michigan Banker Publication
2013 August John Donnelly and Andrew Christians quoted in SNL - Mercantile-Firstbank merger draws surprise, praise
2013 July Jyco Sealing Technologies has been acquired by Cooper-Standard
2013 June Andrew Christians quoted in SNL - UPDATE: Regulators take 4th chunk of Capitol Bancorp
2013 May Bharat Forge America has sold substantially all of its assets to Forge Resources Group
2013 April John Donnelly and Andrew Christians presented on how to generate prudent loan growth at the MBA 2013 BEST Conference
2013 March Unique Fabricating, Inc. has been acquired by Taglich Private Equity LLC
2013 February Huron, Inc. has been acquired by Trive Capital
2013 January John Donnelly quoted in SNL - New year, same problems for Capitol Bancorp
2012 December John Donnelly quoted in Crain's Detroit Business - U.S. Bancorp to open loan office here
2012 December AGM Automotive has been recapitalized by Fifth Third Bank
2012 November John Donnelly quoted in Crain's Detroit Business - With latest acquisition, Talmer bulks up for possible IPO
2012 October John Lewis mentioned in SNL - Flagstar Bancorp president/CEO to depart; successor named
2012 October Andrew Christians presents on the state of the capital markets for community banks at the 2012 CBAI CFO Conference
2012 October John Lewis mentioned in Crain's Detroit Business - Flagstar exec Tierney succeeds Campanelli as president, CEO
2012 August John Donnelly quoted in SNL - Capital raise critical to Capitol Bancorp's future
2012 August Donnelly Penman & Partners Authors Annual Michigan Banking Trends Article for Michigan Banker Publication
2012 August Andrew Christians Participates on M&A Panel at American Bar Association Annual Conference
2012 July Heartland Bancshares, Inc. has been Acquired by Horizon Bancorp
2012 July Northern Concrete Pipe has acquired the precast concrete manufacturing operations from Premarc
2012 June John Donnelly quoted in Crain's Detroit Business - Bank of Michigan sets growth plan after buyout of Capitol Bancorp
2012 May Private Investor Acquires 9.99% of Middlefield Banc Corp. in Stock Purchase
2012 March John Donnelly quoted in SNL - Despite criticism, regulators may not have itchy trigger fingers on capital
2012 March Stonegate Mortgage Corp. has received $25 million of equity capital from Long Ridge Equity Partners
2012 February Donnelly Penman & Partners mentioned in SNL - Horizon Bancorp entering new county with Heartland Bancshares deal
2012 February Donnelly Penman & Partners mentioned in SNL - Horizon Bancorp to acquire Heartland Bancshares in stock transaction
2012 February Kingsbury Corporation has been acquired by Optimation Technology
2011 November John Donnelly quoted in SNL - Regulators patient as Capitol Bancorp divests
2011 October Henniges Automotive has Acquired Nomaseal, s.r.o. from Noël Group
2011 August Donnelly Penman & Partners mentioned in SNL - PE firm injecting $9.45M into Ohio-based Middlefield Banc Corp.
2011 August Donnelly Penman & Partners mentioned in Crain's Detroit Business - Community banks continue recovery; none in intensive care
2011 July John Donnelly quoted in Crain's Detroit Business - Hantz banks on branching out: Statewide expansion part of financial services growth plan
2011 June Wilbert Plastic Services has Acquired Easley Custom Plastics
2011 April Donnelly Penman & Partners mentioned Crain's Detroit Business - W Trouble: Debt crashes W Industries; Tower buys up the pieces
2011 April Tower International has Acquired Substantially All of the Assets of W Industries
2011 March John Donnelly quoted in Crain's Detroit Business - Banks' wild ride
2011 February John Donnelly quoted in SNL - The road ahead narrows for Capitol Bancorp
2011 February John Donnelly quoted in Crain's Detroit Business - First Michigan hungry again: Table set for regional buying binge, IPO
2011 February Donnelly Penman & Partners mentioned in Crain's Detroit Business - Winner: Deal under $100 million: Level One Bank/Paramount Bank
2010 December Level One Bank, a subsidiary of Level One Bancorp Inc., has entered into a purchase and assumption agreement with the FDIC and assumed all of the deposits and purchased essentially all of the assets of Paramount Bank
2010 December Delaware Machinery has been Acquired by Delaware Dynamics, an Affiliate of Dan T. Moore Company
2010 September Spartan Motors has Sold the Assets of Road Rescue to Allied Specialty Vehicles, a Portfolio Company of American Industrial Partners
2010 June Donnelly Penman & Partners assists Level One Bancorp, Inc. in $13.1 Million Capital Raise Transaction
2010 April O.A.K. Financial Corporation has been acquired by Chemical Financial Corporation
2009 December Spartan Motors completed the acquisition of Utilimaster Corporation
2009 December Daimler Trucks North America has Sold the Business and Assets of Tampa Truck Center to an Affiliate of Bayshore Ford Truck Sales, Inc.
2009 October Metaldyne Corporation completed the sale of substantially all of its assets to MD Investors Corporation
2009 October FormTech has been acquired by an affiliate of Hephaestus Holdings, Inc. a portfolio company of KPS Capital Partners, LP
2009 July Autocam Corporation has Sold Frank & Pignard SAS in Thyez, France to Maike Groupe
2009 July JL French Automotive Castings Has Completed A Financial Restructuring
2009 June Findlay Industries, Inc. has divested certain of its operations in Springfield, OH and Findlay, OH to an affiliate of Superior Trim, Inc.
2009 June DURA Automotive Systems, Inc. has Sold Portions of its Seat Mechanism and Hood Latch Business to Subsidiaries of Magna International, Inc.
2008 May Daimler Trucks North America has sold the business and assets of Western Idaho Freightliner, Sterling and Western Star to the Schow’s, Inc.
2008 April Delbar Products, Inc. has been acquired by Ficosa North America Corporation, a subsidiary of Ficosa International
2008 April Daimler Trucks North America has sold the business and assets of Freightliner of Vancouver to First Industries Corporation
2008 March Pavilion Bancorp, Inc. has been acquired by First Defiance Financial Corporation
2008 January Daimler's Freightliner has sold the business and assets of the Columbia Freightliner to Triple T Parts and Equipment
2007 December Southern Michigan Bancorp, Inc. has acquired FNB First National Bank of Three Rivers
2007 December MSB Holding Inc. has been acquired by Community Bancorp, Inc.
2007 December Greenville Community Financial Corporation has been acquired by IBT Bancorp, Inc.
2007 December Level One Bank opens in Farmington Hills, MI, Donnelly Penman assists Level One Bancorp, Inc. in raising $16.7 million for de novo bank
2007 November Hayes Lemmerz Brake Components Division has been acquired by Brembo SpA
2007 October Community Trust & Investment Co. has been acquired by MFB Financial
2007 October Collins & Aikman’s Operation in Hermosillo, Mexico Acquired by International Automotive Components Group
2007 September JMS Metal Services Acquired by Russel Metals
2007 August Viper Industrial Products has been acquired by Nilfisk-Advance A/S
2007 August $11 Million Capital Raise for First Michigan Bancorp, Inc.
2007 August CNBS Financial Group, Inc. opens new bank in Florida; Donnelly Penman assists in raising $33.7 million for de novo bank
2007 April Middlefield Banc Corp. has acquired the Middlefield branch of Geauga Savings Bank
2007 January Glastic Corporation has been acquired by Röchling Engineered Plastics
2006 December Vally Ridge Financial Corp. and ChoiceOne Financial Services, Inc. to combine in a Merger of Equals
2006 December Valley Financial Corporation Has Been Acquired By Northstar Financial Group, Inc.
2006 December Macatawa Bank Corporation Has Acquired Smith & Associates Investment Management Services
2006 November DaimlerChrysler's Freightliner has sold the business and substantially all of the assets of Freightliner Mid-Ontario, Inc. to an affiliate of Harper Group Inc.
2006 January ATS Automation Tooling Systems Inc. has sold its Precision Metals Division to Autocam Corporation
2005 November Hayes Lemmerz has sold its Commercial Highway Hub and Drum Business to Precision Partners
2005 August DP&P acted as Sales Agent to Huron Valley State Bank and Clarkston Financial Corporation
2005 June Federal Forge Inc. has been acquired by Bharat Forge Limited
2004 September DP&P acted as Sales Agent to Symphony Bancorp, Inc.
2003 June Brazeway has acquired the Mexican Evaporator Business of TI Group Automotive Systems, L.L.C.

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