Fentura Financial Acquires Farmers State Bank of Munith

ChoiceOne Financial Consolidates The State Bank; Completes Earlier Merger with Fentura

March 14, 2025

Financial Services

ChoiceOne Financial Services, Inc. completed the consolidation of The State Bank into ChoiceOne Bank on March 14, 2025, renaming the acquired bank ChoiceOne Bank. This follows ChoiceOne's March 1, 2025 completion of the merger with Fentura Financial, Inc., creating a combined financial holding company with over $4 billion in assets and an expanded branch network in Michigan.

ChoiceOne Financial Services Acquires Fentura Financial

March 3, 2025

Financial Services

ChoiceOne Financial Services, Inc. completed the merger of Fentura Financial, Inc. into ChoiceOne effective March 1, 2025, creating a bank holding company with assets exceeding $4 billion and a combined network of 56 offices across Michigan. The combined organization will be headquartered in Sparta, Michigan and expands ChoiceOne's presence into Central and Southeastern Michigan to enhance commercial and consumer lending capabilities and digital and branch banking services.

Farmers & Merchants Bancorp Acquires Ossian Financial Services, Inc.

December 21, 2020

Financial Services

Farmers & Merchants Bancorp, Inc. (F&M) agreed to acquire Ossian Financial Services, Inc. (OFSI), the holding company of Ossian State Bank, in a cash deal valued at approximately $20.0 million (approximately $67.71 per share). OFSI operates two full-service offices in northeast Indiana with about $122 million in assets; the transaction, unanimously approved by both boards and subject to regulatory and shareholder approvals, was expected to close in Q2 2021.

Civista Bancshares Completes Merger with The Farmers Savings Bank

November 6, 2025

Financial Services

Civista Bancshares, Inc. (parent of Civista Bank) completed a merger with The Farmers Savings Bank, headquartered in Spencer, Ohio, adding two branches and approximately $236 million in low-cost deposits. The deal expands Civista's footprint into Medina and Lorain Counties and brings the combined organization to approximately $4.4 billion in total assets; a system conversion is planned for Q1 2026.

Northwest Bancshares Completes Acquisition of MutualFirst Financial (MutualBank)

April 24, 2020

Financial Services

On April 24, 2020 Northwest Bancshares, Inc. completed its acquisition of MutualFirst Financial, Inc., the holding company for MutualBank. The stock-for-stock merger (each MutualFirst share converted into 2.4 shares of Northwest) valued the deal at approximately $213.4 million; MutualBank brought ~$2.1 billion in assets and 36 full‑service offices in Indiana, expanding Northwest's footprint to roughly $12.8 billion in assets and 214 branches.

Michigan State University Federal Credit Union Acquires Algonquin State Bank

August 31, 2023

Financial Services

Michigan State University Federal Credit Union (MSUFCU) has entered into a definitive purchase and assumption agreement to acquire substantially all assets and assume substantially all liabilities of Algonquin State Bank and its parent, First Algonquin Company. The transaction, which is subject to customary regulatory and shareholder approvals and expected to close in late Q1 2024, expands MSUFCU’s presence in the Chicago market and increases its Illinois footprint to 10 branches (35 branches across two states) and contributes to a combined institution with roughly $8.3 billion in assets.