Dustin Walsh
- Bank consolidation is ongoing, and Arbor Bancorp Inc., parent company of the Bank of Ann Arbor, secured expansion with the acquisition of Birmingham Bloomfield Bancshares Inc. in January. Birmingham Bloomfield shareholders receive $16.50 in cash for each share of common stock, with a total transaction value of about $33.3 million. The deal was announced last July. The combined entity will have about 225 employees and eight branches in Washtenaw, Wayne and Oakland counties. It will have about $1.
Dustin Walsh
- Bank consolidation is ongoing, and Arbor Bancorp Inc., parent company of the Bank of Ann Arbor, secured expansion with the acquisition of Birmingham Bloomfield Bancshares Inc. in January. Birmingham Bloomfield shareholders receive $16.50 in cash for each share of common stock, with a total transaction value of about $33.3 million. The deal was announced last July. The combined entity will have about 225 employees and eight branches in Washtenaw, Wayne and Oakland counties. It will have about $1.