Mercantile Bank Completes Eastern Michigan Financial Merger with $32.32 Cash and 0.7116 Share Exchange
Mercantile Bank completed its acquisition of Eastern Michigan Financial Corporation, giving Eastern Michigan Financial shareholders $32.32 in cash plus 0.7116 Mercantile shares per share. The combined group holds about $6.9 billion in assets and will merge Eastern Michigan Bank into Mercantile Bank by Q1 2027, subject to regulatory approval.
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