Ludington, Mich.-based West Shore Bank recently acquired the wealth management and investment advisory and trust services business of Dearborn, Mich.-based Auto Club Trust FSB.
Financial terms of the all-cash deal were not disclosed. The $768 million, 11-branch West Shore Bank intends to continue operating the business in southeast Michigan, at first in Dearborn.
“We are excited to continue the growth of West Shore Bank’s wealth management, investment advisory and trust services business with the acquisition of the business,” said West Shore Bank President and CEO Raymond Biggs.
West Shore Bank was advised by Clawson, Mich.-based McQueen Financial Advisors and Grand Rapids, Mich.-based Warner Norcross + Judd LLP.