Industry: Financials / Commercial Banks
The Company sold its Operations & Technology Group to a competitor.
The Company is a publicly-traded, multi-billion dollar company composed of a network of community banks located in towns and cities from coast to coast.
The Buyer is a full-service community bank with eleven offices within Michigan’s Lower Peninsula.
Pendo Advisors, LLC served as independent financial advisor to the respective boards of directors of The Company and The Buyer and provided a fairness opinion in connection with the transaction.