Arbor Bancorp, Ann Arbor, Mich., and Huron Valley Bancorp of Milford, Mich., announced an all-cash agreement valued at $52.1 million to merge Bank of Ann Arbor and Huron Valley State Bank. The combined organization will have about $3.8 billion in assets and 21 locations, including a new branch in Northville, Mich., which Huron Valley State Bank was in the process of building.
