Eaton Federal Savings Bank Acquires SSBBank

CHARLOTTE, Mich.- Eaton Federal Savings Bank announced that effective June 30, 2018 it completed the acquisition of Stockbridge Bancorporation, Inc., the holding company for SSBBank.

As of the same date, SSBBank merged into Eaton Federal Savings Bank. SSBBank’s two offices in Gregory and Stockbridge will operate as branches of Eaton Federal Savings Bank while SSBBank’s Eaton Rapids office will be consolidated into Eaton Federal Savings Bank’s existing Eaton Rapids location due to the close proximity of the branches.

As of March 31, 2018, Eaton Federal Savings Bank reported $292 million in assets while SSBBank reported $66 million in assets.