Mmastodon BusinessBanking first seen 4 d ago, last 4 d ago, peak #5

Bank of Ann Arbor to acquire Huron Valley Bancorp for $52 million

Original: The $3.5 billion-asset Bank of Ann Arbor is acquiring Huron Valley Bancorp. The $52 million, all-cash deal is the bank's

Bank of Ann Arbor, a $3.5 billion-asset Michigan lender, is acquiring Huron Valley Bancorp in a $52 million all-cash deal. It marks the bank's first whole-bank acquisition in five years and its third purchase in suburban Oakland County since 2017, the state's fastest-growing jurisdiction, as community banks continue consolidating.

Why now: Community bank consolidation in a fast-growing Michigan county is drawing attention from banking industry watchers.

Bank of Ann ArborHuron Valley BancorpOakland CountyMichigan

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• The $3.5 billion-asset Bank of Ann Arbor is acquiring Huron Valley Bancorp. The $52 million, all-cash deal is the bank's third in suburban Oakland County, the state's fastest-growing jurisdiction, since 2017, but also its first whole-bank acquisition in five years. https://www.… · AlexJimenez@mas.to · 1

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