Deal snapshot: EATON FEDERAL SAVINGS BANK ACQUIRES SSBBANK TO STRENGTHEN PRESENCE IN MICHIGAN.
MANews-(C)2009-2018
Michigan, US-based Eaton Federal Savings Bank has completed the acquisition of Michigan-based Stockbridge Bancorporation, Inc., the holding company for SSBBank, the company said.
SSBBank has now merged into Eaton Federal Savings Bank. SSBBank's two offices will operate as branches of Eaton Federal Savings Bank while SSBBank's Eaton Rapids office will be consolidated into Eaton Federal Savings Bank's existing Eaton Rapids location.
Country: USA
Sector: Banking/Financial Services
Target: SSBBank
Buyer: Eaton Federal Savings Bank
Vendor: Stockbridge Bancorporation
Deal size in USD:
Type: Corporate Acquisition
Financing:
Status: Closed
Buyer advisor: ProBank Austin , Bodman PLC ,
Comment: Terms of the deal were not disclosed
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| Publication: | M & A Navigator |
|---|---|
| Geographic Code: | 1U3MI |
| Date: | Jul 10, 2018 |
| Words: | 104 |
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