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Eastern Michigan Financial completes acquisition of Ruth Bank Corp.

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Eastern Michigan Financial completes acquisition of Ruth Bank Corp.

Croswell, Mich.-based Eastern Michigan Financial Corp., the holding company ofEastern Michigan Bank($293.0 million), completed its acquisitionof Ruth, Mich.-based Ruth BankCorp., the holding company of Ruth State Bank ($37.4 million).

The completion of the deal brings Eastern Michigan Bank's totalassets to about $315 million, according to an April 1 news release.

Ruth State Bank's branch will continue to operate as RuthState Bank until early June. In June, it will become a branch of EasternMichigan Bank.