secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2026-06-12T13:17:09+00:00
Accession:  0000842517-26-000138
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Isabella Bank to acquire Grand River Commerce in ~$54.6M cash/stock deal; enters Grand Rapids market
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251726000138/0000842517-26-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251726000138/isba-20260612.htm
  HTML page:      https://secwatch.observer/filing/0000842517-26-000138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer