The long wait is finally over for Mercantile Bank (MBWM) in Grand Rapids, Mich., as it looks to acquire Firstbank (FBMI) in Alma, Mich.

The companies said Thursday that they have received all the approvals necessary for the $151 million merger, which was announced nearly nine months earlier. Shareholders approved the deal in December. With all approvals in hand, the companies said they expect to complete the transaction on June 1, creating a company with a combined $2.9 billion in assets.

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