Isabella Bank Corporation and Grand River Commerce, Inc. Announce Mailing of Election Materials and Election Deadline
Isabella Bank Corporation and Grand River Commerce announced mailing of election materials for GNRV shareholders to elect cash, Isabella stock, or a mix in the pending merger, with a 5:00 p.m. ET October 23, 2026 election deadline. Based on ~9.1 million GNRV shares outstanding, the estimated per-share cash consideration is approximately $5.71 and the exchange ratio is estimated at 0.1413 ISBA shares.
Key figures
- Deal Value Usd
- 18262391
- Cash pool
- $18,262,391
- Expected close
- Q4 2026
- Election deadline
- October 23, 2026, 5:00 p.m. ET
- Estimated exchange ratio
- 0.1413
- Isabella shares allocated
- 839003
- Expected gnrv shares outstanding
- 9136529
- Estimated per share cash consideration
- 5.71
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.