secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2026-06-15T21:17:21+00:00
Accession:  0000842517-26-000158
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251726000158/0000842517-26-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251726000158/isba-20260611.htm
  HTML page:      https://secwatch.observer/filing/0000842517-26-000158

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