Skip to Main Content
Updates
News | July 20, 2016
2 minute read

Warner Representing Birmingham Bloomfield Bancshares, Inc. (Bank of Birmingham) in Merger with Arbor Bancorp, Inc. (Bank of Ann Arbor)

Warner Norcross & Judd LLP is representing Birmingham Bloomfield Bancshares, Inc. (“Birmingham”), the holding company for Bank of Birmingham, in its merger with Arbor Bancorp, Inc., holding company for Bank of Ann Arbor. The transaction was announced on July 20, 2016.

Transaction consideration to Birmingham shareholders will consist of $16.50 per share in cash for each share of Birmingham common stock outstanding, subject to adjustment in certain limited circumstances, resulting in total transaction value of approximately $33.3 million, including payoff of outstanding warrants and stock options.

The transaction is expected to be completed by year end, subject to the satisfaction of customary closing conditions, including regulatory approvals and approval of shareholders of Birmingham.

The Warner Norcross & Judd LLP transaction team is led by Charlie Goode. The team also included Gordon Lewis, Rodney Martin, Norbert Kugele, Jason Byrne, Jonathan Kok, Rob Davies, Sean Cook, Justin Stemple, Corinne Sprague, Emily Cantor and Kelly Hollingsworth.

Donnelly Penman & Partners acted as exclusive financial advisor to Birmingham.

Read the full press release here.

Warner Norcross & Judd Mergers and Acquisition Group

As part of one of the largest and most successful law firms in Michigan, the M&A group at Warner Norcross draws upon over 85 years of experience to successfully and efficiently handle a wide range of M&A transactions for both private and publicly traded businesses, including mergers, acquisitions, divestitures, joint ventures and strategic business combinations of all types.

About Warner

By providing discerning and proactive legal advice, Warner Norcross + Judd builds a better partnership with its clients. Warner is a corporate law firm with 230 attorneys practicing in nine offices throughout Michigan: Grand Rapids, Detroit, Midland, Macomb County, Kalamazoo, Muskegon, Lansing, Holland and Bloomfield Hills. To learn more, visit www.wnj.com, follow us on Twitter @WNJLLP or connect on LinkedIn or Facebook.

# # #