Waterford, Mich.-based Clarkston State Bank on Jan. 1 completed its merger into Toledo, Ohio-based Waterford Bank NA, according to Waterford Bank's website.

Former Clarkston State Bank President and CEO J. Grant Smith was named Michigan president for Waterford Bank, according to a report by The Oakland Press of Troy, Mich.

Waterford Bancorp Inc. in June 2019 announced a deal to acquire Clarkston Financial Corp.