Isabella Bank to buy Grand River Commerce in cash-and-stock deal valued at $54.6 million

Isabella Bank Corporation
GRAND RIV COMM INC

Isabella Bank Corporation

ISBA

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GRAND RIV COMM INC

GNRV

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  • Isabella Bank 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, with proration set at 35% cash, 65% Isabella shares.
  • Estimated consideration implies about USD 5.72 in cash per share or an exchange ratio of about 0.1415 Isabella shares.
  • Grand River reported USD 511.7 million assets, USD 437.9 million loans, USD 438.9 million deposits as of March 31, 2026.
  • Closing is targeted for the fourth quarter of 2026, pending regulatory clearances and shareholder approval.


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