Grasshopper Bank Acquires Auto Club Trust in a Cash-and-Stock Deal
April 1, 2025
Grasshopper Bancorp, Inc. (via its banking subsidiary Grasshopper Bank) completed its previously announced merger with Auto Club Trust, FSB. The cash-and-stock transaction makes Grasshopper Bank the exclusive provider of certain depository and lending services to more than 13 million AAA members in The Auto Club Group’s 14-state territory, effective April 1, 2025.
- Buyers
- Grasshopper Bancorp, Inc., Grasshopper Bank, N.A.
- Targets
- Auto Club Trust, FSB
- Sellers
- The Auto Club Group (ACG)
- Industry
- Financial Services
- Location
- Michigan, United States
- Transaction Type
- Buyout
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