M&A Deal Summary

Fentura Financial Acquires Community State Bank

On March 24, 2016, Fentura Financial acquired financial services company Community State Bank for 22M USD

Acquisition Highlights

This is Fentura Financial’s 1st transaction in the Financial Services sector.
This is Fentura Financial’s largest (disclosed) transaction.
This is Fentura Financial’s 1st transaction in the United States.
This is Fentura Financial’s 1st transaction in Michigan.

M&A Deal Summary
Date	2016-03-24
Target	Community State Bank
Sector	Financial Services
Buyer(s)	Fentura Financial
Deal Type	Add-on Acquisition
Deal Value	22M USD
Advisor(s)	Boenning & Scattergood (Financial) Bodman (Legal)

Target

Community State Bank

St. Charles, Michigan, United States

Community State Bank is a full-service commercial, retail and agribusiness bank headquartered in St. Charles, Michigan. It has assets of approximately $189 million and currently operates seven branches and a loan production office throughout Saginaw, Genesee and Shiawassee Counties. Community State Bank’s commercial department provides a complete array of products including lines of credit, term loans, commercial mortgages and a full-suite of cash management products.

Search 214,238 Deals Now

SEARCH BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Try Free

Buyer(S) 1

Buyer