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Add-on Acquisition • Financial Services

Firstbank Acquires ICNB Financial

On July 2, 2007, Firstbank acquired financial services company ICNB Financial

Acquisition Context
  • This is Firstbank’s 1st transaction in the Financial Services sector.
  • This is Firstbank’s 1st transaction in the United States.
  • This is Firstbank’s 1st transaction in Michigan.

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M&A Deal Summary
Date July 2, 2007
Target ICNB Financial
Sector Financial Services
Buyer(s) Firstbank
Deal Type Add-on Acquisition
Advisor(s) SAMCO Capital Markets (Financial)

Target Company

ICNB Financial

Ionia, Michigan, United States
ICNB Financial Corp. is a diversified financial services company providing a wide range of banking and investment options.
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Buyer Overview 1

Buyer

Firstbank

Alma, Michigan, United States
Category Company
Sector Financial Services
DESCRIPTION

Firstbank Corp. is a financial services company with assets of $1.3 billion and 51 banking offices serving Michigan's Lower Peninsula.

Deal Context for Buyer #
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: 2007 1 of 1

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