Mergers & Acquisitions ·
Isabella Bank mails election materials for $5.71 cash or 0.1413 stock per share in proposed Grand River merger
ISBAIsabella Bank Corp
Isabella Bank Corporation announced the mailing of election materials to shareholders of Grand River Commerce, Inc., regarding their proposed merger. Grand River shareholders must elect to receive cash or Isabella common stock by October 23, 2026. The per-share cash consideration is estimated at approximately $5.71, and the exchange ratio for Isabella stock is estimated at 0.1413 shares of Isabella common stock per share of Grand River common stock. The merger remains subject to regulatory approvals and customary closing conditions, with completion expected in the fourth quarter of 2026. Isabella Bank Corporation operates as a community bank holding company providing personal and commercial banking services.