M&A
confidence high
sentiment positive
materiality 0.75
Isabella Bank to acquire Grand River Commerce in ~$54.6M cash/stock deal; enters Grand Rapids market
ISABELLA BANK CORP
- Transaction valued at ~$54.6M; 65% stock / 35% cash mix.
- Grand River had $511.7M assets, $437.9M loans, $438.9M deposits as of Mar 31, 2026; combined pro forma ~$2.8B.
- Per share consideration: ~$5.72 cash or 0.1415 ISBA shares per GNRV share.
- Expected closing Q4 2026, subject to regulatory approvals and Grand River shareholder vote.
- Adds presence in Grand Rapids, MI metro; Isabella will offer wealth management in new market.