Alerus Financial Completes Acquisition of Metro Phoenix Bank
July 1, 2022
Alerus Financial Corporation completed its previously announced acquisition of MPB BHC, Inc. (MPHX), the bank holding company for Metro Phoenix Bank. The all-stock merger expands Alerus’ Arizona footprint and increases its deposit market share in the Phoenix metropolitan area.
- Buyers
- Alerus Financial Corporation
- Targets
- MPB BHC, Inc. (Metro Phoenix Bank)
- Industry
- Financial Services
- Location
- Arizona, United States
- Transaction Type
- Buyout
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