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Return to Mergers & Acquisitions

Deal Overview

Buyer:
Isabella Bank Corporation
Actual Acquirer:
Isabella Bank
Target:
1 Branch
Deal Type:
Bank & Thrift Branch
Seller:
Independent Bank Corporation
Agreement Date:
4/29/2015
Announcement Date:
5/19/2015
Number of Target Branches
1
Branch Locations
Midland
MI
Franchise Premium ($ 000)
918
Tangible Book Premium/ Deposits (%)
6.00
Status:
Completed
Completion Date:
8/28/2015

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 15,304
Total Assets ($ 000) 14,386
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Foster Swift Collins & Smith
Seller Yes Varnum LLP

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