Fentura Financial Acquires Farmers State Bank of Munith
December 1, 2021
Fentura Financial, Inc., the holding company for The State Bank, completed its acquisition of Farmers State Bank of Munith, expanding The State Bank's branch network and market footprint. The transaction grows the combined company to roughly $1.4 billion in assets and increases branch offices to 20; Farmers' president Jeanne E. Richter will join The State Bank as a senior officer and systems integration is planned for Q1 2022.
- Buyers
- Fentura Financial, Inc., The State Bank
- Targets
- Farmers State Bank of Munith
- Industry
- Financial Services
- Location
- Michigan, United States
- Transaction Type
- Buyout
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