FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Arbor Bancorp Receives Regulatory OKs to Acquire First National Bank in Howell

November 19, 2021, 07:17 AM
Filed Under: Mergers & Acquisitions

Arbor Bancorp, Inc., the holding company for Bank of Ann Arbor and FNBH Bancorp, Inc., the holding company for First National Bank in Howell, previously announced the signing of a definitive merger agreement on Aug. 9 for Arbor to acquire First National.
The proposed transaction has received the requisite approvals of the Federal Reserve Bank of Chicago, the Federal Deposit Insurance Corporation (FDIC), the Michigan Department of Insurance and Financial Services, and the shareholders of FNBH Bancorp, Inc.
The closing of the transaction is expected to occur prior to Dec. 31, subject to the satisfaction of remaining closing conditions.

Bank of Ann Arbor, based in Ann Arbor, MI, is a locally owned and operated bank with total assets over $2.5 billion and assets under management of more than $2 billion. UniFi Equipment Finance, based in Ann Arbor, has a national presence in the small ticket vendor leasing market.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.