Isabella Bank completes acquisition of Grand River Commerce
GNRV•Isabella Bank completed its acquisition of Grand River Commerce on November 2, 2026. Based on June 30 financials, the combined company has approximately $2.7 billion in assets, $2 billion in loans and $2.3 billion in deposits.
1. Acquisition completed
Isabella Bank completed its acquisition of Grand River Commerce, parent of Grand River Bank, on November 2, 2026. The deal expands Isabella Bank’s footprint into Kent County and Grand Rapids and brings wealth services to those markets.
2. Merger consideration
Consideration comprises 35% cash at $5.71 per Grand River share and 65% stock at 0.1413 Isabella common shares per share. Cash electors will receive cash for approximately 41.28% of their shares, with the balance converting into Isabella common stock at the same exchange ratio.
