Merchants & Marine Bancorp Acquires Mississippi River Bank

Bank of Marin Bancorp Completes Acquisition of American River Bankshares

October 25, 2021

Financial Services

Bank of Marin Bancorp completed its merger with American River Bankshares, with American River Bankshares merged into Bancorp (effective August 6, 2021) and American River Bank merged into Bank of Marin (effective August 7, 2021). The transaction added $419.4 million in loans and $790.0 million in deposits, generated $42.6 million of goodwill and expanded Bank of Marin's footprint into the Sacramento market as integration begins.

Banc of California Acquires Pacific Mercantile Bancorp

March 22, 2021

Financial Services

Banc of California, Inc. (NYSE: BANC) agreed to acquire Pacific Mercantile Bancorp (NASDAQ: PMBC) in an all-stock transaction announced March 22, 2021 and completed on October 18, 2021. The deal was valued at approximately $235 million at announcement (consideration reported at about $226 million at close) and expands Banc of California's Southern California business-banking franchise by adding roughly $1.5 billion in assets, ~$1.3 billion in deposits and ~$980 million in gross loans.

SouthPoint Bancshares Acquires Merchants Financial Services

January 6, 2022

Financial Services

SouthPoint Bancshares, Inc. completed a strategic merger with Merchants Financial Services, Inc., with SouthPoint as the surviving entity. Merchants Bank of Alabama was merged into SouthPoint Bank as a division, creating a combined organization with over $1.0 billion in assets, approximately $0.9 billion in deposits and 10 branches, extending SouthPoint’s franchise along the I‑65 corridor into Cullman, Hanceville and Arab, Alabama.

Mercantile Bank Corporation Completes Merger with Eastern Michigan Financial Corporation

January 2, 2026

Financial Services

Mercantile Bank Corporation (NASDAQ: MBWM) has completed its previously announced merger with Eastern Michigan Financial Corporation, bringing Eastern Michigan Bank under Mercantile's bank holding company. Eastern shareholders will receive $32.32 in cash and 0.7116 shares of Mercantile common stock per Eastern share; the combined organization will have approximately $6.9 billion in total assets and Eastern Michigan Bank will operate alongside Mercantile Bank until planned consolidation in Q1 2027, subject to regulatory approvals.

Nicolet Bankshares Acquires Mackinac Financial Corporation (mBank)

April 12, 2021

Financial Services

Nicolet Bankshares, Inc. agreed to acquire Mackinac Financial Corporation and its wholly owned subsidiary mBank in a transaction valued at approximately $248 million. The deal, consisting of roughly 80% stock and 20% cash, expands Nicolet's community banking footprint into Northern Michigan and is expected to close in Q3 2021 subject to regulatory and shareholder approvals.

BankFirst Capital Corporation Acquires The Magnolia State Corporation and Magnolia State Bank

July 1, 2025

Financial Services

BankFirst Capital Corporation completed its acquisition of The Magnolia State Corporation and its wholly owned subsidiary Magnolia State Bank effective July 1, 2025. The deal expands BankFirst’s branch network to 52 offices across Mississippi and Alabama and increases pro forma assets to approximately $3.2 billion, with gross loans of about $2.2 billion and deposits of roughly $2.8 billion; several Magnolia executives have joined BankFirst in regional leadership roles.