Charter Capital advises UP bank in $42 million acquisition

Friday, February 21, 2020 – MiBiz

Charter Capital Partners represented Hancock-based Keweenaw Financial Corp., the parent company of Superior National Bank & Trust, in the $42 million acquisition of North Star Financial Holdings, Inc. and its subsidiary Main Street Bank. The combined bank will have 11 offices in the Upper Peninsula and Southeast Michigan with more than $800 million in total assets.

“This a great outcome for all parties involved, including Superior National Bank, Main Street Bank, and all of their customers throughout Michigan,” said John Kerschen, president and managing partner at Charter Capital Partners.

Grosse Pointe Farms-based Olejniczak Advisors LLC, a financial services industry strategic consultant, and Grand Rapids-based law firm Warner Norcross + Judd LLP also advised Superior National Bank and Trust on the deal. more

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