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John Donnelly considers Independent Bank Corp.’s proposed $63.1 million deal to buy Traverse City-based TCSB Bancorp Inc. as indicative of the bank mergers likely to occur in Michigan next year.

Published in Finance

After operating for years in rural communities to the north, ChoiceOne Bank wants to carve out a position in downtown Grand Rapids.

Published in Finance

The sale of the parent corporations for Founders Bank & Trust and The Bank of Holland are the latest deals in a merger trend across the banking industry in Michigan that M&A experts expect will only continue to occur in coming years.

Published in Finance

Raising $10.6 million provides Grand River Bank’s parent company with added capital to drive further growth and pursue new business as some competitors are either now part of larger banks or are merging into larger institutions.

Published in Finance

The Evansville, Ind.-based Old National closed the deal Jan. 1, according to a document filed today with federal securities regulators. The deal for Founders Financial, the parent corporation of Founders Bank & Trust, adds marks Old National’s entry into the Grand Rapids-area market and adds four offices to the Michigan branch network for Old National, which now has 40 offices in the state.

Published in In the News

As Old National Bancorp prepares to expand its market presence in Michigan with the acquisition of Founders Financial Corp. in Grand Rapids, executives cite a past deal as generating good volume growth in the state.

Published in Finance

The $88.2 million acquisition of Founder Financial Corp. in Grand Rapids by Old National Bancorp now heads toward a 2015 closing date after receiving regulatory and shareholders approvals.

Published in In the News
Sunday, 12 October 2014 22:00

Fed report: Expect more community bank M&A

National survey results suggest that mergers and acquisitions involving community banks could pick up in the next year or more as institutions cope with growth pressures, high regulatory compliance costs and even “management fatigue.”

Published in Finance

Gordon Lewis worked on his first bank merger 40 years ago as a first-year associate at Warner Norcross & Judd LLP.

Published in Finance

The new financial institutions practice formed by Charter Capital Partners LLC in Grand Rapids seeks to tap into an emerging consolidation trend involving community banks.

Published in Finance
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