Recent Transactions
FNBH Bancorp, Inc. has merged with Arbor Bancorp, Inc.
FNBH Bancorp, Inc. has merged with Arbor Bancorp, Inc. THE TRANSACTION On August 9, 2021 Arbor Bancorp, Inc., the holding company for Bank of Ann Arbor (“Arbor”), and FNBH Bancorp, Inc., the holding company for First National Bank in Howell (“First National”) (OTC Pink: FNHM), announced they have entered into a definitive agreement for Arbor…
Read MoreHorizon Bank has Acquired 14 TCF National Bank Branches
Horizon Bank has Acquired 14 TCF National Bank Branches THE TRANSACTION On May 25, 2021, Horizon Bank, a wholly owned subsidiary of Horizon Bancorp, Inc. (NASDAQ GS: HBNC) (“Horizon”), has entered into a definitive purchase and assumption agreement to acquire 14 TCF National Bank (“TCF”) branches in 11 Michigan counties with approximately $976 million in…
Read MoreNicolet National Bank has agreed to sell its Birmingham, MI branch to Bank of Ann Arbor.
Nicolet National Bank has agreed to sell its Birmingham, MI branch to Bank of Ann Arbor. THE TRANSACTION On September 7, 2021, Nicolet Bankshares, Inc. (NASDAQ: NCBS) (“Nicolet”) announced that its wholly owned banking subsidiary, Nicolet National Bank, has entered into a definitive purchase and assumption agreement to sell its Birmingham, Michigan branch, including legacy…
Read MoreGlobal Automotive Systems has been Acquired by Advanced Vehicle Assemblies
Global Automotive Systems has been Acquired by Advanced Vehicle Assemblies THE TRANSACTION On April 27, 2021, Global Automotive Systems, LLC (“GAS” or the “Company”), a leading global supplier of complex, structural metal assemblies and components to the automotive market, announced that it has sold substantially all of its assets to Advanced Vehicle Assemblies, LLC (“AVA”).…
Read MoreEdgewater Bank and United Federal Credit Union Announce Strategic Acquisition
Edgewater Bank has been acquired by United Federal Credit Union THE TRANSACTION On October 27, 2020, United Federal Credit Union (“United”), and Edgewater Bancorp, Inc. (“Edgewater”) (OTCPK: EGDW), the holding company of Edgewater Bank, announced that they had signed a definitive purchase and assumption agreement whereby United, headquartered in St. Joseph, Michigan, will acquire the…
Read MoreUnion Financial Corporation has Completed a $6.0 Million Common Stock Offering
Union Financial Corporation has Completed a $6.0 Million Common Stock Offering THE TRANSACTION On March 31, 2021, Union Financial Corporation (“Union”), the holding company for Union Bank, announced that it has completed the issuance of its common stock for a total of $6.0 million in gross proceeds. The offering was made to “accredited” investors only…
Read MoreThe Shyft Group has Acquired the Assets of F3 MFG Inc.
The Shyft Group has Acquired the Assets of F3 MFG Inc. THE TRANSACTION On October 1, 2020, The Shyft Group, Inc., (NASDAQ:SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, announced it has acquired the assets of F3 MFG…
Read MoreChoiceOne Financial Services, Inc. completes acquisition of Community Shores Bank Corporation
ChoiceOne Financial Services, Inc. completes acquisition of Community Shores Bank Corporation THE TRANSACTION On July 1, 2020 ChoiceOne Financial Services, Inc. (NASDAQ: COFS) (“ChoiceOne”) announced the completion of the merger of Community Shores Bank Corporation (“Community Shores”) with and into ChoiceOne, effective as of July 1, 2020. The combined organization is the 12th largest bank…
Read MoreCynthiana Bancorporation has been acquired by Crane Credit Union
Cynthiana Bancorporation has been acquired by Crane Credit Union THE TRANSACTION On June 11, 2020, Crane Credit Union (“CCU”) announced it has signed a definitive agreement to acquire Community State Bank of Southwestern Indiana (“CSB”), an Indiana state-chartered bank in Posey County with over $89 million in assets. This purchase will bring CCU’s total number…
Read MoreEdon Bancorp, Inc. Announces Completion of its Merger with SB Financial Group, Inc.
Edon Bancorp, Inc. Announces Completion of its Merger with SB Financial Group, Inc. THE TRANSACTION On June 5, 2020, SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial”), parent company of State Bank and Trust Company (“State Bank”), and Edon Bancorp, Inc. (Private) (“Edon Bancorp”), parent company of The Edon State Bank Company of Edon, Ohio…
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