Tri-County Bancorp, Inc. Completes Merger with Mayville Financial Corporation

BROWN CITY, Mich. and MAYVILLE, Mich., Aug. 31, 2026 /PRNewswire/ -- Tri-County Bancorp, Inc. ("Tri-County"), the holding company for Tri-County Bank, today announced the completion of its merger with Mayville Financial Corporation ("Mayville"), the holding company for Mayville State Bank.

The transaction brings together two of Michigan's longest-serving community banks — Tri-County Bank, which opened in Brown City in 1889, and Mayville State Bank, founded in 1885. On a combined basis, the company has approximately $734 million in total assets, $559 million in loans and $631 million in deposits, based on financial information as of June 30, 2026, and operates 14 full-service offices across eastern Michigan and the Thumb region.

"We're excited to officially welcome the Mayville customers, employees and communities into the Tri-County family," said Mike Ford, President and Chief Executive Officer of Tri-County.

Customers will continue to be served at their existing branch locations by the same familiar staff.  We anticipate completing the merger and integration of the banks during the fourth quarter of this year under the Tri-County Bank name.  We will be providing additional communications with customers as we firm up the merger and integration plans for the banks. 

Performance Trust Capital Partners LLC served as financial advisor to Tri-County Bancorp, Inc. Warner Norcross + Judd LLP served as legal advisor to Tri-County Bancorp, Inc. FHN Financial Securities Corp. served as financial advisor to Mayville Financial Corporation. Varnum LLP served as legal advisor to Mayville Financial Corporation.

About Tri-County Bancorp, Inc.

Tri-County Bancorp, Inc. opened its doors for business in 1889 in Brown City, Michigan. With its corporate headquarters located today in Brown City, Michigan, Tri-County Bancorp, Inc. had approximately $639 million in total assets as of June 30, 2026, and operates 12 full-service locations stretching across eastern Michigan. The bank's mission is to provide quality customer satisfaction, foster employee camaraderie, and to support the communities we serve with our active involvement and economic support. For more information about Tri-County Bank, please visit www.tri-countybank.bank.

About Mayville Financial Corporation

Mayville Financial Corporation is a Michigan corporation and the bank holding company for Mayville State Bank, a Michigan-chartered commercial bank based in Mayville, Michigan. Mayville State Bank was founded in 1885 and operates 2 full-service branch offices in central Thumb region of Michigan. As of June 30, 2026, Mayville State Bank had total assets of approximately $95 million. For more information about Mayville State Bank, please visit www.mayvillestatebank.com.

Contacts:
Tri-County Bank
Michael Ford
President & CEO
(810) 346-2745

Mayville State Bank
Scott Wegrzyn
President & CEO
(989) 843-6145

SOURCE Tri-County Bancorp, Inc.