M&A Deal Summary

Superior National Bank & Trust Acquires Main Street Bank

On September 18, 2019, Superior National Bank & Trust acquired financial services company Main Street Bank for 42M USD

Acquisition Highlights

This is Superior National Bank & Trust’s 1st transaction in the Financial Services sector.
This is Superior National Bank & Trust’s largest (disclosed) transaction.
This is Superior National Bank & Trust’s 1st transaction in the United States.
This is Superior National Bank & Trust’s 1st transaction in Michigan.

M&A Deal Summary
Date	2019-09-18
Target	Main Street Bank
Sector	Financial Services
Buyer(s)	Superior National Bank & Trust
Deal Type	Add-on Acquisition
Deal Value	42M USD

Target

Main Street Bank

Bingham Farms, Michigan, United States

Main Street Bank operates as a banking institution, offering both personal and business checking and savings accounts, market accounts, certificates of deposit, safe deposit boxes, business commercial loans, residential mortgages, conventional and government lending, and debt financing services. Main Street was founded in 2005 with headquarters in Bingham Farms and operates six locations, including two retail branches, three mortgage loan offices, and one commercial loan office serving southeast Michigan.

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