Successful Merger Between Tri-County Bancorp and Mayville Financial Corporation Announced

Tri-County Bancorp Completes Merger with Mayville Financial Corporation

In a significant development in the Michigan banking sector, Tri-County Bancorp, Inc., which acts as the holding company for Tri-County Bank, has announced the successful completion of its merger with Mayville Financial Corporation, the parent organization of Mayville State Bank. This merger brings together two well-established community banks with rich histories in the region. Tri-County Bank was founded in 1889 in Brown City, while Mayville State Bank has been serving the local community since 1885.

With the merger now finalized, the combined entity boasts a robust financial profile, holding approximately $734 million in total assets, including $559 million in loans and $631 million in deposits, as per financial data from June 30, 2026. This collaboration not only strengthens their assets but also enables them to enhance customer service and community support, demonstrating their commitment to local banking.

Mike Ford, the President and CEO of Tri-County, expressed excitement about the merger, stating, "We’re thrilled to officially welcome the Mayville customers, employees, and communities into the Tri-County family." This sentiment underscores the positive focus on customer continuity, as existing services will remain intact, with all current staff operating at their familiar branch locations.

The merger is slated to be completed by the fourth quarter of 2026, with plans to integrate both banks further under the Tri-County Bank name. Customers will receive detailed updates about the integration process and any changes that may occur as the transition unfolds. The goal is to streamline operations while ensuring that the valued relationship with their client base is not disrupted.

Both banks have been involved in this strategic move to better serve their customers and communities. Performance Trust Capital Partners LLC acted as the financial advisor for Tri-County Bancorp, Inc., while FHN Financial Securities Corp. played the same role for Mayville Financial Corporation. Legal counsel was provided by Warner Norcross + Judd LLP for Tri-County and Varnum LLP for Mayville. This collaboration indicates the importance of professional guidance in successfully executing such significant business maneuvers.

Founded in Brown City in 1889, Tri-County Bancorp, Inc. today operates with approximately $639 million in total assets and 12 full-service locations across eastern Michigan. The bank's mission revolves around delivering exceptional customer service, fostering employee unity, and actively engaging with the communities it serves. For further information about Tri-County Bank and its services, customers can visit www.tri-countybank.bank.

On the other hand, Mayville Financial Corporation, based in Mayville, oversees Mayville State Bank. With a total of $95 million in assets as of June 30, 2026, Mayville State Bank operates two branches in Michigan's central Thumb region. It, too, is committed to providing quality financial services to its clientele. Interested individuals can explore more about Mayville State Bank through www.mayvillestatebank.com.

This merger is a vital step toward enhancing the banking experience in Michigan, merging community heritage with enhanced capabilities to meet the evolving financial needs of their customers. As these two historic banks unite, they reaffirm their commitment to the local community and their customers, ensuring a bright financial future for all involved.