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  6. First Michigan Bank Acquires Peoples State Bank

M&A Deal Summary

First Michigan Bank Acquires Peoples State Bank

On February 11, 2011, First Michigan Bank acquired financial services company Peoples State Bank

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

M&A Deal Summary
Date 2011-02-11
Target Peoples State Bank
Sector Financial Services
Buyer(s) First Michigan Bank
Deal Type Add-on Acquisition

Target

Peoples State Bank

Hamtramck, Michigan, United States
Peoples State Bank provides financial services to consumers and businesses in the southeast Michigan.

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Buyer(S) 1

Buyer

First Michigan Bank

Holland, Michigan, United States
Category Company
Sector Financial Services
Employees1,570
DESCRIPTION

First Michigan Bank Corporation operated as a holding company that was engaged in the general commercial and retail banking, trust services, and investment services.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
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