"We are excited about the completion of the acquisition of First of Huron Corp. and Signature Bank," commented David T. Provost, President and Chief Executive Officer of Talmer Bancorp.
"We believe Signature Bank’s community banking culture and high degree of customer service, combined with Talmer Bank’s commitment to its core values of community, integrity and service, produces a powerful combination which will allow our local communities to continue to grow and prosper. We are pleased to welcome the employees and customers of Signature Bank."
Under the terms of the merger agreement, shareholders of First of Huron Corp. common stock will receive $25.00 in cash for each outstanding share of First of Huron Corp. common stock.
With the closing of the transaction, First of Huron Corp. merged with and into the Company, and Signature Bank merged with and into Talmer Bank and Trust, the Company’s wholly-owned bank subsidiary.
