Subject to satisfaction of customary closing conditions, the branch purchase is expected to close on or before September 1, 2015.
"Our branch network will soon expand to 28 offices with the recent regulatory approval for the purchase of Independent Bank’s Midland office. We are excited for the opportunity to serve the banking needs of current and future customers through two convenient Midland County locations," commented Pung.
Headquartered in Mt. Pleasant, Isabella Bank operates 27 branch locations throughout mid-Michigan and is a wholly owned subsidiary of Isabella Bank Corporation, a community-focused, financial holding company with assets of approximately $1.57 billion.
Total assets under management are $2.26 billion which includes loans sold and serviced, and assets managed by our Investment and Trust Services Department of $685.25 million.
