Grand River Commerce publishes investor presentation on Isabella Bank acquisition

Isabella Bank Corporation
GRAND RIV COMM INC

Isabella Bank Corporation

ISBA

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GRAND RIV COMM INC

GNRV

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  • Grand River Commerce outlined an agreement for Isabella Bank to acquire the company, targeting a Q4 2026 close.
  • Deal value set at USD 54.6 million, or USD 5.98 per share, split between 839,003 Isabella shares and USD 18.26 million cash.
  • Grand River holders can elect USD 5.72 cash per share or 0.1415 Isabella shares per share, subject to proration.
  • Transaction modeled for 2027 EPS accretion of about 10.4%, with tangible book value dilution of 4% and a 1.75-year earnback.
  • Pro forma company projected at USD 2.8 billion assets, USD 2 billion loans, USD 2.3 billion deposits, with 35% cost saves assumed for Grand River.


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