CHARLOTTE, Mich., July 2, 2018 /PRNewswire/ — 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.

About Eaton Federal Savings Bank:
Eaton Federal Savings Bank is headquartered in Charlotte, Michigan. Founded in 1937, Eaton Federal Savings Bank operates five branches – four in Eaton County and one in Barry County. The SSBBank acquisition added two more branches and extending Eaton Federal’s market area east into Ingham and Livingston counties. Eaton Federal Savings Bank is structured as a mutual savings bank meaning it is owned by its customers, not shareholders.

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SOURCE Eaton Federal Savings Bank