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Tom Henderson
- The Bank of Ann Arbor has been cautious about expansion, sticking mostly to its Washtenaw County roots and sticking a toe into Wayne County in the 20 years since its founding. Its move into Oakland County with the announcement last week that it had agreed to buy the Bank of Birmingham and its parent company, Birmingham Bloomfield Bancshares Inc., signals a change in philosophy. The all-cash transaction — for $16.50 a share, or about $33.3 million — also represents a sizable return
Clik here to view.
Tom Henderson
- The Bank of Ann Arbor has been cautious about expansion, sticking mostly to its Washtenaw County roots and sticking a toe into Wayne County in the 20 years since its founding. Its move into Oakland County with the announcement last week that it had agreed to buy the Bank of Birmingham and its parent company, Birmingham Bloomfield Bancshares Inc., signals a change in philosophy. The all-cash transaction — for $16.50 a share, or about $33.3 million — also represents a sizable return
