Mercantile Bank Completes Merger With Eastern Michigan Financial

Eastern Bankshares, Inc. Acquires HarborOne Bancorp, Inc. in $490 Million Merger

November 1, 2025

Financial Services

Eastern Bankshares, Inc. completed its previously announced acquisition of HarborOne Bancorp, Inc. on November 1, 2025. Under the merger agreement, HarborOne shareholders elected to receive either Eastern common stock (0.765 shares per HarborOne share) or $12.00 in cash per share, subject to allocation and proration.

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.

Mifflinburg Bancorp to Acquire Northumberland Bancorp in Strategic Merger of Equals

September 25, 2024

Financial Services

Mifflinburg Bancorp, Inc. and Northumberland Bancorp announced the signing of a definitive “merger of equals” agreement under which Northumberland will merge with and into Mifflinburg Bancorp, and Northumberland’s subsidiary bank will merge into Mifflinburg Bank. Northumberland shareholders will receive 1.1850 shares of Mifflinburg for each Northumberland share; the all-stock deal is expected to close in the first or second quarter of 2025.

Banc of California Acquires Pacific Mercantile Bancorp

March 22, 2021

Financial Services

Banc of California, Inc. entered into a definitive all-stock merger agreement to acquire Pacific Mercantile Bancorp in a deal valued at approximately $235 million. The acquisition was designed to expand Banc of California’s Southern California business banking franchise and create EPS accretion.

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.

Merchants & Marine Bancorp Acquires Mississippi River Bank

September 20, 2023

Financial Services

Merchants & Marine Bancorp, Inc. (MNMB) signed a definitive agreement to acquire Mississippi River Bank, a Belle Chasse, Louisiana-based community bank with approximately $127.7 million in assets. Mississippi River Bank will continue to operate under its existing brand as a division of Merchants & Marine Bank; the target's CEO Mike Bush and President/COO Lisa Works will remain in their roles. The acquisition is subject to shareholder and regulatory approvals and is expected to close in Q1 2024.