The Federal Reserve Board approved Isabella Bank Corporation’s application to acquire Grand River Commerce, Inc., and merge with Grand River Bank, expanding Isabella Bank’s operations in Michigan.
Why it matters. Isabella Bank will expand its presence in Michigan, potentially increasing its market share and customer base.
The Federal Reserve Board on Monday announced its approval of the application by Isabella Bank Corporation, of Mount Pleasant, Michigan, to acquire Grand River Commerce, Inc., and thereby indirectly acquire Grand River Bank, both of Grandville, Michigan.
The Board also gave its approval for Isabella Bank, of Mount Pleasant, Michigan, to merge with Grand River Bank, and to establish and operate branches at the locations of Grand River Bank.
The Federal Reserve Board on Monday announced its approval of the application by Isabella Bank Corporation, of Mount Pleasant, Michigan, to acquire Grand River Commerce, Inc., and thereby indirectly acquire Grand River Bank, both of Grandville, Michigan.
The Board also gave its approval for Isabella Bank, of Mount Pleasant, Michigan, to merge with Grand River Bank, and to establish and operate branches at the locations of Grand River Bank.
Isabella Bank Corporation, of Mount Pleasant, Michigan
Isabella Bank, of Mount Pleasant, Michigan
Grand River Bank, both of Grandville, Michigan.
