First Merchants Corporation acquires Level One Bancorp, Inc.

Transaction Details

Announcement:
11/4/21

Consideration:
$332.3M

Consideration Mix:
24 Cash/73 Stock

P/TBV:
1.93x

Source: CapitalIQ

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Buyer

First Merchants Corporation Delaware, IN

Seller

Level One Bancorp, Inc. Farmington Hills, MI

Financial Highlights
Banks' Footprint
Loan Portfolio
Consolidated Maturities
Jungle Chart
Funding Profile

Data as of 2021Q3.