Isabella Bank to buy Grand River Commerce in $54.6 million cash-and-stock deal
Isabella Bank Corporation
GRAND RIV COMM INC
Isabella Bank Corporation ISBA | 0.00 | |
GRAND RIV COMM INC GNRV | 0.00 |
- Isabella Bank Corporation agreed to acquire Grand River Commerce in a cash-and-stock deal valued at about $54.6 million.
- Grand River shareholders can elect cash or stock, subject to proration of 65% stock, 35% cash; estimated cash value $5.72 a share.
- The estimated exchange ratio is 0.1415 Isabella shares per Grand River share, based on 9,122,073 Grand River shares outstanding.
- Grand River reported $511.7 million assets, $437.9 million loans, $438.9 million deposits as of March 31, 2026; pro forma assets about $2.8 billion.
- Closing is expected in the fourth quarter of 2026, pending regulatory clearances and Grand River shareholder approval.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Isabella Bank Corporation published the original content used to generate this news brief on June 12, 2026, and is solely responsible for the information contained therein.
