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New Deal


Announced

Completed

County Bank Corp merged into ChoiceOne Bank.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Merger

bank holding company

Acquisition

Friendly

Completed

United States

Banks

Public

Single Bidder

Synopsis

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County Bank Corp, the parent company of Lakestone Bank & Trust, merged into ChoiceOne Bank, the parent company of ChoiceOne Bank. "We received strong shareholder support for this partnership. We believe that the positive shareholder response we received today validates the significant opportunity we see for our collective communities, customers, and employees while adding significant value for the shareholders of our two organizations. With limited overlap and disruption, the combined company will present efficiencies and new growth opportunities in our expanded network across Michigan." Kelly Potes, President and Chief Executive Officer of ChoiceOne Financial Services.

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