Warner Norcross + Judd LLP represented First State Bank of Decatur in its sale to GTSB Financial, Inc., a Traverse City-based bank holding company, in an all-cash transaction. The transaction was completed on October 30, 2024.
The Warner legal team was led by Charlie Goode and included Sean Cook, Sarah Harper, DeAndre’ Harris, Kelly Hollingsworth, Lindsey Jager, Heidi Lyon, Rodney Martin, Cody Mott, Christian Rhoades, Malaina Snyder and Allyson Terpsma.
About First State Bank of Decatur
For over 150 years, First State Bank of Decatur has been a state-chartered community bank serving the financial needs of businesses and individuals through a wide variety of products and services, such as internet banking, online bill payment, 24-hour telephone banking, check image statements and business and personal checking and loan products.
About Warner’s Mergers and Acquisitions (M&A) Practice Group
As part of one of the largest and most successful law firms in Michigan, Warner’s M&A Practice Group draws upon more than 90 years of experience to successfully and efficiently handle a wide range of M&A transactions for both private and publicly traded businesses, including mergers, acquisitions, divestitures, joint ventures and strategic business combinations of all types.
About Warner’s Financial Institutions Industry Group
As part of one of the largest and most successful law firms in Michigan, the attorneys in Warner’s Financial Institutions Industry Group counsel banks and bank holding companies through bank formations, mergers and acquisitions, strategic transactions, securities offerings and regulation, commercial lending, consumer credit, negotiable instruments, bank litigation, workouts and bankruptcy, leveraged leasing, antitrust and regulatory compliance.
