HCB Financial Acquired by Independent Bank | Financial Services M&A Deal

Independent Bank has acquired HCB Financial, a banking business in Michigan, for $17.51 and $32.59. Independent Bank acquisitions focus on expanding financial services M&A capabilities by adding HCB Financial’s banking operations and customer base in Michigan. The merger acquisition supports Independent Bank’s strategic acquisition strategy and strengthens its presence in the MI acquisitions market. Announced as a strategic acquisition, the Independent Bank acquires HCB Financial deal is structured as a merger acquisition and is filed on an SEC S-4 registration statement, with deal terms and closing timing subject to customary conditions.