West Shore Bank Acquires Wealth Management Business of Auto Club Trust, FSB
March 31, 2025
West Shore Bank of Ludington, Michigan completed the acquisition of the Wealth Management, Investment Advisory and Trust services business of Auto Club Trust, FSB (Dearborn, MI) in an all-cash transaction effective March 31, 2025. Financial terms were not disclosed; West Shore Bank will continue to operate the business in Southeast Michigan (initially in Dearborn) and will welcome the acquired customers and employees into its wealth management operations.
- Buyers
- West Shore Bank
- Targets
- Auto Club Trust, FSB (Wealth Management, Investment Advisory and Trust services business)
- Sellers
- Auto Club Trust, FSB
- Industry
- Wealth Management
- Location
- Michigan, United States
- Transaction Type
- Divestiture
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