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, Inc. (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.

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Buyer(S) 1

Buyer

Fentura Financial

Fenton, Michigan, United States
Category Company
Founded 1898
Sector Financial Services
Revenue 60M USD (2023)
DESCRIPTION

Fentura Financial is a bank holding company. The Company owns a controlling interest in The State Bank headquartered in Fenton, Mich. The State Bank is a full-service community bank offering a wide range of banking services to individuals, small business and government entities in the markets it serves. Fentura Financial was incorporated in 1898 and is based in Fenton, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal