Michigan community bank stocks spiked last month in the wake of National City Corp.'s $7 billion deal for First of America Bank Corp.

Stock prices at Independent Bank Corp., Republic Bancorp, and Bank West Financial Corp. have climbed faster than the Midwest average since Cleveland-based National City made its announcement Dec. 1. The acquisition of Kalamazoo, Mich.-based First of America is expected to close in the first quarter.

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