Community Central Bank, Mount Clemens, Mich., has agreed to purchase substantially all the assets and liabilities of North Oakland Community Bank for approximately $1.3 million.David A. Widlak, chairman and chief executive officer of Community Central Bank Corp., Community Central Bank's holding company, said the planned acquisition is aimed at spreading the company's banking and mortgage banking operations to the Northern Oakland County region. The holding company is also the parent of Community Central Mortgage Co. LLC. North Oakland is a subsidiary of Michigan Community Bancorp Ltd. Community Central can be found on the Web at http://www.communitycentralbank.com.
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