Isabella Bank Corp signs merger with Grand River Commerce; $18.3M cash plus 839K shares

ISABELLA BANK CORP

65% stock / 35% cash mix; estimated ~$5.72 per share cash and ~0.1415 exchange ratio based on 9.12M Grand River shares.
Grand River shareholders will vote on merger; boards of both companies unanimously approved.
Closing requires regulatory approvals (Federal Reserve, Michigan DIFS), shareholder approval, Nasdaq listing, and tax opinion.
Grand River must pay a $2.18M termination fee if the deal terminates under specified circumstances.
Voting agreements secured from Grand River directors and officers to vote their shares in favor of the merger and charter amendment.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ISABELLA BANK CORP entered into Agreement and Plan of Merger with Grand River Commerce, Inc. (effective 2026-06-11).

Action: entry
Agreement: merger
Counterparty: Grand River Commerce, Inc.
Effective: 2026-06-11

Exact text from the filing

On June 11, 2026, Isabella Bank Corporation, a Michigan corporation (“Isabella”), 401 Merger Sub, Inc., a Michigan corporation and a wholly owned subsidiary of Isabella (“Merger Sub”), and Grand River Commerce, Inc., a Michigan corporation (“Grand River”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).

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ISABELLA BANK CORP filing history →

Source: SEC EDGAR

accession 0000842517-26-000158

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