Level One Bancorp, Inc.
LEVLP
NASDAQ Global Select26.24
USD
+0.06
- -
CIK
0001412707
ISIN
US52730F2039
CUSIP
52730F203
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
5.18
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Patrick J. Fehring Jr.
- Full Time Employees
- 291
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 32991 Hamilton Court Farmington Hills MI United States of America 48334
- IPO Date
- Aug 18, 2020
- CIK
- 0001412707
- Website
- levelonebank.com
- Similar Companies
- Business
- Level One Bancorp, Inc. (LEVLP) operates as the holding company for Level One Bank, a Michigan-based community bank offering commercial and consumer financial services through deposit products including checking, interest-bearing demand, money market, savings, and term certificate accounts; lending products such as commercial real estate loans including construction and land development, commercial and industrial loans comprising lines of credit, term loans, and Small Business Administration program loans, residential real estate loans, and consumer loans including home equity, automobile, and credit card services; and additional offerings encompassing cash management, treasury management, mobile and internet banking, debit cards, and automated teller machines. The bank primarily serves individuals, owner-managed businesses, professional firms, real estate professionals, and not-for-profit organizations across southeast Michigan and west Michigan through approximately 16 banking centers and a mortgage loan production office in Ann Arbor. Founded in 2007 and headquartered in Farmington Hills, Michigan, Level One Bancorp focuses on relationship banking in these core markets. In a transformative development completed on April 1, 2022, Level One Bancorp was acquired by First Merchants Corporation in a stock-and-cash transaction valued at approximately $323.5 million, with Level One Bank merging into First Merchants Bank to expand the acquirer's footprint in Michigan while retaining Level One's banking centers under the First Merchants franchise. This merger integrated Level One's $2.52 billion in assets, $1.65 billion in loans, and $2.04 billion in deposits as of December 31, 2021, into First Merchants' operations, enhancing commercial banking capabilities and consumer lending momentum. LEVLP represents depositary shares for Level One Bancorp's 7.50% Non-Cumulative Perpetual Preferred Stock Series B, which continue to trade post-acquisition, reflecting ongoing investor interest in the legacy entity's preferred securities.