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Announced

Completed

First Merchants completed the merger with Level One Bancorp in a $324m deal.

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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Merger

Single Bidder

Completed

Domestic

Friendly

community bank

Banks

United States

Private

Majority

Synopsis

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First Merchants, a financial services company, completed the merger with Level One, a full-service community bank, in a $324m deal. “Like First Merchants, Level One Bank has a strong customer-focused history and a deep-rooted commitment to community banking. We are excited they have chosen to become the newest member of the First Merchants family," Mark Hardwick, First Merchants CEO.

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