FARMINGTON HILLS, Michigan and ANN ARBOR, Michigan (March 23, 2020) – Level One Bancorp, Inc. (Nasdaq: LEVL)("Level One Bank") and Ann Arbor State Bank have completed the integration of their operating systems and all Ann Arbor State Bank offices are now open as Level One Bank.
To support the health of clients and team members due to the Coronavirus (COVID – 19), Level One Bank has temporarily limited access to its banking center lobbies. All banking centers remain available by appointment or through drive-up service.
The financial transaction that merged the two community banks occurred in January this year. The combined company has approximately $1.9 billion in assets. Level One Bank now expands its branch footprint to 16 locations throughout Michigan, with the addition of two offices in Ann Arbor and one office in Jackson.
“We welcome Ann Arbor State Bank clients to the Level One family,” said Patrick J. Fehring, President and CEO of Level One Bank. “Although this is an unprecedented time, we are reminded of the importance of community and remain committed to providing unparalleled service and making this transition as smooth as possible for all.”
Level One Bank has completed four prior acquisitions since its founding in 2007, including Michigan Heritage Bank in 2009, Paramount Bank in 2010, Lotus Bank in 2015, and Bank of Michigan in 2016.