Michigan

Fentura Financial in Fenton, Mich., has agreed to buy Community Bancorp in St. Charles, Mich.

ChoiceOne Financial Services in Sparta, Mich., will begin work on remodeling its bank's headquarters in May.

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.

KALSEE Credit Union, a $169-million institution based in Kalamazoo, Mich., announced that after an "exhaustive search," its board selected Matthew L. Lahman as its new president and CEO.

Saginaw Medical Federal Credit Union in Saginaw, Mich., has named Laura Crase its president and chief executive officer. She had been the credit union's chief lending officer.

Horizon Bancorp in Michigan City, Ind., has agreed to buy LaPorte Bancorp in LaPorte, Ind.

Huntington Bancshares plans to close more than 100 branches in Ohio, Illinois, Michigan, Pennsylvania and Wisconsin after it completes its acquisition of FirstMerit.

United Federal Credit Union's deal to merge with Lake Michigan Credit Union fell through, but it has acquired an executive from its larger rival.

County Bank, the holding company for the $324 million-asset Lapeer County Bank & Trust, said in a press release that it will pay $20 million, or $27 a share, in stock for the parent of the $245 million-asset CSB Bank.

Advia Credit Union in Parchment, Mich., has agreed to buy Mid America Bank in Janesville, Wis. The $1.2 billion-asset Advia did not say what it will pay for the $84 million-asset Mid America.

Banks are generally selling for less than they did before the financial crisis. Yet there have been select instances in which buyers have been willing to pay significant premiums to sellers' tangible book values. Here are the highest premiums since January 2015 for deals valued at $100 million or more.

Flagstar Bancorp in Troy, Mich., said its fourth-quarter profit rose 20% to $33 million from a year earlier as its lending rose by nearly half and its expenses fell.

Chemical Financial in Midland, Mich., has agreed to buy Talmer Bancorp in Troy, Mich.

Mackinac Financial in Manistique, Mich., has agreed to buy First National Bank of Eagle River in Wisconsin.

Ally Financial in Detroit has received a demand from an activist investor to explore strategic alternatives, including a possible sale of the company. The activist is also seeking two board seats.

Community Shores Bank Corp. in Muskegon, Mich., has raised about $5.3 million and has been released from an enforcement action.

Banks have made changes to overdrafts, such as lowering fees offering clearer explanations. They better, as the CFPB will soon offer new rules for overdrafts. Plus, overdraft revenue has declined at many banks. Still unanswered is the question of how to offer short-term credit, if overdrafts disappear.

Talmer Bancorp in Troy, Mich., will record a nearly $14 million charge in the fourth quarter tied to ending its loss-share agreements with the Federal Deposit Insurance Corp.

Birmingham Bloomfield Bancshares in Birmingham, Mich., has redeemed its shares in the Small Business Lending Fund and exited the program.

Ally Financial in Detroit has promoted David Shevsky to chief risk officer, after its previous executive in that role left for Santander Bank's holding company.