Recent Transactions

• Represented Freeland State Bank in merger with Thumb Bancorp, Inc.
• Represented First State Bank of Decatur in sale to GTSB Financial, Inc.
• Represented Macatawa Bank Corporation in merger with Wintrust Financial Corporation
• Represented ChoiceOne Financial Services, Inc. in $34.5 million public offering of common stock
• Represented Donnelly Penman & Partners as placement agent counsel in Community Unity Bank’s $28.6 million initial offering of common stock (De Novo capital raise).
• Represented Calvert Impact Climate, Inc. in a public offering of up to $400 million of Cut Carbon Notes.
• Represented Performance Trust Capital Partners in the private placement of $7.65 million in 3-year convertible fixed-rate subordinated notes by Grand River Commerce, Inc.
• Represented Beene Garter LLP in its business combination with Doeren Mayhew & Co., P.C.
• Represented Donnelly Penman & Partners in the private placement of $6 million of subordinated debt by Union Financial Corporation.
• Represented Performance Trust Capital Partners in the private placement of $75 million of subordinated debt by Arbor Bancorp, Inc.
• Represented West Shore Bank Corporation in $20 million private placement of subordinated debt.
• Represented Horizon Bank in acquisition of 14 branches from The Huntington National Bank.
• Represented ChoiceOne Financial Services, Inc. in $32.5 million private placement of subordinated debt.
• Represented Boenning & Scattergood, Inc. in the private placement of $35 million of subordinated debt by Farmers & Merchants Bancorp, Inc.
• Represented Lake Financial Corporation in $15 million private placement of subordinated debt.
• Represented Southern Michigan Bancorp, Inc. in $30 million private placement of subordinated debt.
• Represented Keweenaw Financial Corporation in $15 million private placement of subordinated debt.
• Represented Century Housing Corporation in $150 million public offering of impact notes.
• Represented Sturgis Bancorp, Inc. in $15 million private placement of subordinated debt.
• Represented Local Initiatives Support Corporation (a/k/a LISC) in $200 million public offering of impact notes.
• Represented Flagstar Bancorp, Inc. in connection with registered secondary offering of common stock by selling shareholder (November 2020).
• Represented Flagstar Bancorp, Inc. in connection with registered offering of $150 million of 4.25% Fixed-to-Floating Subordinated Notes due 2030.
• Represented Performance Trust Capital Partners in the private placement of $8.25 million of subordinated debt by Grand Commerce Inc.
• Represented Flagstar Bancorp, Inc. in connection with registered secondary offering of common stock by selling shareholder (August 2020).

​Mergers & Acquisitions

• Represented ChoiceOne Financial Services, Inc. in merger with Community Shores Bank Corporation.
• Represented ChoiceOne Financial Services, Inc. in merger with County Bank Corp.
• Represented MBA Service Corporation, Inc. in sale of employee benefits and related insurance products business line.
• Represented TCSB Bancorp, Inc. in merger with Independent Bank Corporation.
• Represented West Shore Bank in acquisition of Ellis Capital Management.
• Represented Birmingham Bloomfield Bancshares, Inc. in merger with Arbor Bancorp, Inc.
• Represented Chemical Financial Corporation in merger with Talmer Bancorp, Inc.
• Represented West Shore Bank in acquisition of West Michigan Bank & Trust.
• Represented CCL Industries Inc. in acquisition of Checkpoint Systems, Inc.
• Represented Chemical Financial Corporation in acquisition of Lake Michigan Financial Corporation.
• Represented Chemical Financial Corporation in acquisition of Monarch Community Bancorp, Inc.
• Represented Founders Financial Corporation in merger with Old National Bancorp.
• Represented Chemical Financial Corporation in acquisition of Northwestern Bancorp, Inc.
• Represented United Bancorp, Inc. in merger with Old National Bancorp.
• Represented Mercantile Bank Corporation in merger with Firstbank Corporation.
• Represented Spartan Stores, Inc. in merger with Nash-Finch Company.
• Represented Chemical Bank in acquisition of 21 branches from Independent Bank.
• Represented Chemical Financial Corporation in approximate $84 million acquisition of O.A.K. Financial Corporation.
• Represented FinCor Holdings, Inc. in its approximate $200 million sale to Medical Professional Mutual Insurance Company, a member of ProMutual Group.
• Represented Manatron, Inc. in its sale to an affiliate of Thoma Cressey Bravo and subsequent deregistration from SEC reporting requirements.
• Represented Kayak Holdings, LLC, in acquisition of Ranir, LLC.
• Represented Southern Michigan Bancorp, Inc. in $25 million acquisition of FNB Financial Corporation and registration of common stock issued in connection with the acquisition.
• Represented ICNB Financial Corporation and its wholly owned bank subsidiary in $36.4 million acquisition by Firstbank Corporation and conversion by the bank from a national bank to a Michigan state-chartered bank.
• Represented bank holding company and its wholly owned bank subsidiary in approximate $32 million acquisition.
• Represented state-chartered bank in approximate $39 million acquisition.
• Represented selling bank holding company and its wholly owned bank subsidiary in approximate $9 million acquisition.
• Represented PrairieWave Communications, Inc. in approximate $90 million stock acquisition of telecom subsidiaries of McLeod USA Incorporated.
• Represented Spartan Stores, Inc., in corporate reorganization transaction.
• Represented state bank in acquisition of mortgage company.

Corporate Finance

• Represented CCL Industries Inc. in US $600 million offering of 3.050% senior notes due 2030.
• Represented IFF in $5 million private placement of Impact Notes.
• Represented NCIFund in $10 million private placement of Impact Notes.
• Represented Flagstar Bancorp, Inc. in connection with registered secondary offering of common stock by selling shareholder (November 2019).
• Represented Donnelly Penman & Partners as placement agent in $21.6 million common stock offering.
• Represented Flagstar Bancorp, Inc. in connection with registered secondary offering of common stock by selling shareholder (June 2018).
• Represented First National Bancshares, Inc. in private placement of subordinated debt.
• Represented Donnelly Penman & Partners as placement agent in $15 million common stock offering.
• Represented CCL Industries Inc. in US $500 million offering of 3.25% senior notes due 2026.
• Represented Chemical Financial Corporation in registered public offering of 2,875,000 shares of common stock.
• Represented Chemical Financial Corporation in registered public offering of 2,213,750 shares of common stock.
• Represented Spartan Stores, Inc. in private exchange and sale of $50 million aggregate principal amount of senior notes.
• Represented United Bancorp, Inc. in registered resale by United States Department of the Treasury of TARP Capital Purchase Program preferred stock.
• Represented Macatawa Bank Corporation in registered shareholder rights and public offering of 8,912,372 shares of common stock.
• Represented United Bancorp, Inc. in registered public offering of 7,583,800 shares of common stock.
• Represented BorgWarner Inc. in registered offer and sale of $250,000,000 aggregate principal amount of senior notes.
• Represented TCSB Bancorp, Inc. in common stock shareholder rights offering.
• Represented affiliated state banks in issuance and sale of $16 million aggregate principal amount of notes guaranteed by the Federal Deposit Insurance Corporation under its Temporary Liquidity Guarantee Program.
• Represented United Bancorp, Inc. in its sale to US Treasury of $20,600,000 preferred stock and related warrant for common stock under TARP Capital Purchase Program.
• Represented Spartan Stores, Inc. in $110 million convertible debt offering and subsequent registration of convertible debt securities.
• Represented Castle Creek Financial LLP as placement agent in $83 million registered rights and standby offering of common stock of Union Acceptance Corporation.
• Represented Donnelly, Penman, French, Haggarty & Co. as placement agent in $60 million public intrastate offering of common stock of TCSB Bancorp, Inc.
• Represented financial institutions in trust preferred securities offerings.

Infrastructure and Public-Private-Partnerships (P3)

• P3 procurement, governance and commercial counsel to the Canadian government and Windsor-Detroit Bridge Authority in connection with the $4.4 billion (est. USD) Gordie Howe International Bridge.

Securities Regulation

• Counsel to publicly traded companies regarding compliance with the Securities Exchange Act of 1934 (Select current and past representation including: CURO Group Holdings Corp.; NYSE: CURO; BorgWarner, Inc.; NYSE: BWA; Flagstar Bancorp, Inc.; NYSE: FBC; SpartanNash Company; NASDAQ: SPTN; Internap Corporation; NASDAQ: INAP, Chemical Financial Corporation; NASDAQ: CHFC, Macatawa Bank Corporation; NASDAQ: MCBC, ChoiceOne Financial Services, Inc.; NASDAQ: COFS).