M&A · Financials · Buyer's industry: State Commercial Banks
Mercantile Bank Corp to acquire Eastern Michigan Financial Corporation
Announced Jul 22, 2025 · Closed Dec 31, 2025 · Private target
Deal value$96M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Mercantile Bank Corp (MBWM)
- Target
- Eastern Michigan Financial Corporation
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Dec 31, 2025
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Stephens
- To the target
- Piper Sandler
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks