Meta Financial, the holding company for its federally chartered savings bank subsidiary, MetaBank, received all necessary bank regulatory approvals relating to the acquisition of Crestmark Bancorp, the holding company for its Michigan-chartered bank subsidiary, Crestmark Bank. Subject to the satisfaction of customary closing conditions, and following the expiration of the 15-day waiting period required by the U.S. Department of Justice, the transaction is expected to close on Wednesday, August 1, 2018.

As previously disclosed, Meta and Crestmark shareholders approved the transaction at their respective special meetings of shareholders held on May 29, 2018.

“With bank regulatory and shareholder approvals in hand, we are looking forward to completing this transformational deal,” said J. Tyler Haahr, chairman and CEO of Meta. “Work towards the integration process continues and we are excited to capitalize on growth opportunities and innovation in the commercial and industrial lending space.”