Financial M&A » By The Online Investor Staff, updated Mon., Jan. 24, 11:03 AM
Recent mergers and acquisitions in the Financial M&A category.
| This Slide: #6 of 100 |
Slide #6. Mercantile Bank Corporation — Firstbank Corporation
Acquirer:
Mercantile Bank Corporation (MBWM)
Acquiree:
Firstbank Corporation (FBMI)
Details:
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") and Firstbank Corporation (NASDAQ: FBMI) ("Firstbank") announced today that all regulatory approvals for their proposed merger, announced on August 15, 2013, have been received. Mercantile and Firstbank shareholders previously approved the merger in December 2013. Subject to the satisfaction of customary closing conditions, the merger is expected to be completed as of June 1, 2014. The combined companies will operate as Mercantile Bank Corporation.
Mercantile Bank is a bank holding company. Through Co.'s subsidiary, Mercantile Bank of Michigan (Co.'s bank), Co. provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. Co.'s bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. Co.'s commercial lending group originates commercial loans primarily in its market areas. In addition, Co. originates single-family residential real estate loans in its market areas, generally according to secondary market underwriting standards.
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Mercantile Bank is a bank holding company. Through Co.'s subsidiary, Mercantile Bank of Michigan (Co.'s bank), Co. provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. Co.'s bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. Co.'s commercial lending group originates commercial loans primarily in its market areas. In addition, Co. originates single-family residential real estate loans in its market areas, generally according to secondary market underwriting standards.
MBWM SEC Filing Email Alerts Service
Open the FBMI Page at The Online Investor »
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