Article: Monarch Community Bancorp, Inc. and MSB Financial, Inc. Announce Merger.

COLDWATER, Mich. and MARSHALL, Mich., Sept. 2 /PRNewswire/ -- Monarch Community Bancorp, Inc. , Coldwater, Michigan, and MSB Financial, Inc. , Marshall, Michigan, jointly announced today that they have signed a definitive merger agreement under which MSB Financial will merge into Monarch Community Bancorp in a transaction valued at approximately $24.5 million. The transaction will increase Monarch Community Bancorp's assets from $216.6 million as of June 30, 2003 to approximately $309.0 million and increase its number of banking offices from five to eight. Under the terms of the transaction, as described in more detail below, shareholders of MSB Financial will be ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!