The 8th Annual MiBiz M&A Deals & Dealmakers recently announced that ChoiceOne Financial Services Inc. has been named Banking/Finance Deal of the Year for its acquisition of Community Shores Bank Corp. Dickinson Wright served as legal adviser to Community Shores Bank Corp. in the deal.
In July 2020, ChoiceOne Financial Services Inc. acquired Muskegon-based Community Shores Bank Corp. in a $21.5 million cash-and-stock transaction that added four more offices to ChoiceOne's branch network and more than $244 million in assets, extending the bank's presence in the lakeshore market. Dickinson Wright facilitated the deal on behalf of Community Shores Bank, working with all parties involved to complete the transaction virtually in a compressed timeframe during the pandemic.
"We want to congratulate ChoiceOne Financial Services Inc. on this well-deserved honor and we are thrilled to be a part of the team that saw this deal come to fruition during an unprecedented year in the M&A market," says Bradley Wyatt, Dickinson Wright Member and Division Director, Transactions.
Bradley Wyatt, Will Dorton, and Rasika Kulkarni from Dickinson Wright served as advisers to Community Shores Bank Corp. Donnelly Penman & Partners Inc. (financial) and Warner Norcross + Judd (legal) served as advisers to ChoiceOne Financial Services Inc.
With offices strategically located across the U.S. and in Canada, Dickinson Wright has a leading Mergers and Acquisitions practice representing both buyers and sellers across many industries. From the early stages of initiating a transaction to negotiating and closing the deal, our lawyers work closely with senior management and in-house counsel to develop innovative solutions that protect our clients' interests and help them meet their objectives. To learn more about our Mergers and Acquisitions practice, please click here.