M&A Deal Summary

Arbor Bancorp Acquires Birmingham Bloomfield Bancshares

On October 13, 2016, Arbor Bancorp acquired financial services company Birmingham Bloomfield Bancshares

Acquisition Highlights
  • This is Arbor Bancorp’s 1st transaction in the Financial Services sector.
  • This is Arbor Bancorp’s 1st transaction in the United States.
  • This is Arbor Bancorp’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-10-13
Target Birmingham Bloomfield Bancshares
Sector Financial Services
Buyer(s) Arbor Bancorp
Deal Type Merger

Target

Birmingham Bloomfield Bancshares

Birmingham, Michigan, United States
Birmingham Bloomfield Bancshares, Inc. is a full-service community bank serving Oakland County and delivering financial services to small and medium size businesses; their owners and employees; professionals; and individuals who primarily work or reside in Birmingham, Bloomfield Hills, Beverly Hills and Franklin. Every Bank of Birmingham customer has a relationship manager who serves as their single point of contact empowered to provide all of its services.

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Buyer(S) 1

Buyer

Arbor Bancorp

Ann Arbor, Michigan, United States

Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

Arbor Bancorp, Inc. is a locally owned and operated bank with total assets and assets under management of approximately $2.2 billion, serving people and businesses in Washtenaw and western Wayne counties with offices at the corner of Fifth Avenue and Washington Street in downtown Ann Arbor.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1