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SUBSEQUENT EVENT
12 Months Ended
Dec. 31, 2017
SUBSEQUENT EVENT.  
SUBSEQUENT EVENT

NOTE 22 — SUBSEQUENT EVENT

 

On January 16, 2018, the Corporation announced the signing of a definitive agreement to acquire First Federal of Northern Michigan Bancorp, Inc in Alpena, Michigan (“FFNM”).  FFNM is headquartered in Alpena, Michigan and has assets in excess of $320 million. The consummation of this transaction is expected to occur in the second quarter of 2018.  Completion of the acquisition is subject to regulatory approval in addition to satisfaction of other customary closing conditions.