Valley Financial Corporation was acquired by Northstar Financial Group Inc in December 2006. At the time of the acquisition, Community Bank had total assets of approximately $81.2 million, total loans of approximately $37.1 million and total deposits of approximately $73.5 million. DPP acted as financial advisor to Valley Financial Group in connection with the transaction and assisted in the negotiations.
VALLEY FINANCIAL CORPORATION
Valley Financial Corporation is the parent company of Community Bank, which has locations in Caro, Akron and Pigeon, Michigan. Other subsidiaries of Valley Financial Corporation include Valley Title Agency, Valley Insurance Agency and Valley Financial Services Inc.
NORTHSTAR FINANCIAL GROUP, INC.
Northstar Financial Group is a Michigan corporation which is registered as a two-bank holding company and is headquartered in Bad Axe, Michigan. Northstar Financial Group has two banking subsidiaries: Northstar Bank, which is headquartered in Bad Axe, Michigan; and Seaway Community Bank, which is headquartered in St. Clair, Michigan.