TROY, Mich. -- Standard Federal Bank said it has received approval from the Office of Thrift Supervision to acquire Interfirst Bankcorp, Ann Arbor, for $13.65 a share, subject to adjustment as provided in the agreement.

Standard Federal said it expected to complete the deal by the end of the year, subject to approval by Interfirst shareholders.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.