ISABELLA BANK CORP.

Isabella Bank Corporation declared a cash dividend for the third quarter of $0.28 per common share. The dividend will be paid on September 30, 2026 to shareholders of record on September 28, 2026. Isabella Bank is the parent company of the namesake regional bank with 31 locations in Mid-Michigan and provides loan, deposit and wealth management services. » Mere på de.investing.com

Isabella Bank Corp agreed to a participation in the Supplemental Executive Retirement Plan for CFO Gerald J. Ritzert; he will receive eight annual credits totaling $300,000 to his pension account. Early retirement age is 55, normal retirement age is 65, and payments after termination of employment will be made in five annual installments. The agreement replaces the standard payout structure and was reported to the SEC. » Mere på de.investing.com

Isabella Bank is acquiring Grand River Commerce in a cash-and-stock transaction valued at about 54.6 million USD, roughly 17% of Isabella’s market capitalization. Grand River shareholders can elect either a cash payout or Isabella shares per share; the split provides that 65% of the shares will be exchanged for Isabella stock and 35% for cash. Assuming 9,122,073 outstanding shares, the cash consideration would be about 5.72 USD per share and the exchange ratio would be 0.1415. The combined institution would have total assets of roughly 2.8 billion USD and 33 locations across nine Michigan counties; closing is expected in Q4 2026, subject to regulatory and shareholder approvals. » Mere på de.investing.com