Printer Friendly

Independent Bank Corporation, TCSB sign definitive merger agreement.

GRAND RAPIDS: Independent Bank Corporation and TCSB Bancorp, Inc. announced the signing of a definitive merger agreement on Dec. 4, 2017 for IBCP to acquire TCSB.

The proposed transaction has been approved by both the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services. A meeting of the TCSB shareholders has been scheduled for Mar. 14, 2018 to consider and vote upon a proposal to approve the merger agreement between IBCP and TCSB.

Assuming requisite TCSB shareholder approval and satisfaction of other closing conditions, the merger of IBCP and TCSB is currently expected to be effective on Apr. 1, 2018.

COPYRIGHT 2018 Plus Media Solutions
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Feb 24, 2018
Previous Article:CYS Investments, Inc. announces financial results.
Next Article:New Peoples Bankshares announces net income of $3.1 million.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters