Arbor Bancorp in Ann Arbor, Mich., has agreed to buy Huron Valley Bancorp in Milford, Mich.
The parent of the $2.7 billion-asset Bank of Ann Arbor will pay $52.1 million in cash for the $270.4 million-asset Huron Valley State Bank. The deal is expected to close in late 2026 or the first quarter.
“We have been looking for strategic opportunities to deploy our excess capital and expand Bank of Ann Arbor’s growth focus to deepen our presence in attractive nearby markets, and we believe we’ve found the right strategic partner with Huron Valley State Bank,” Tim Marshall, Bank of Ann Arbor’s executive chairman and CEO, said in a statement.