County Bank Corp. (OTCPK:CBNC) signed a definitive agreement to acquire Capac Bancorp, Inc. for $20.2 million in stock on February 18, 2016. County Bank Corp. will issue 0.90 shares of its common stock in exchange for each of the 741,900 outstanding shares of Capac Bancorp, Inc. After the transaction, Capac Bancorp will be merged into County Bank Corp. and the new combined entity will be renamed. The merger is pending regulatory approval, and approval of the shareholders of Capac Bancorp, Inc. The transaction was approved by the Board of Directors of both companies. As of June 3, 2016, the deal was approved by Federal Reserve. The transaction is expected to be completed in the third quarter of 2016. As of August 25, 2016, the completion date has been extended to September 3, 2016. Michael Voinovich, Charlie Crowley and Christopher Chapman of Boenning & Scattergood, Inc. acted as the financial advisors for County Bank Corp. Hunton & Williams LLP acted as the legal advisor for County Bank Corp. Rick Maroney, Jr. of Austin Associates LLC acted as the financial advisor for Capac Bancorp, Inc. Shumaker, Loop & Kendrick, LLP acted as the legal advisor for Capac Bancorp, Inc. County Bank Corp. (OTCPK:CBNC) completed the acquisition of Capac Bancorp, Inc on September 12, 2016.