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ACQUISITION
9 Months Ended
Sep. 30, 2017
Business Combinations [Abstract]  
ACQUISITION

13. ACQUISITION

Effective August 1, 2017 the Company closed the previously announced acquisition of MCM. The acquisition is consistent with the Company’s strategy to grow its wealth management business both organically and through strategic acquisitions.  The purchase price included equity of $2 million as well as cash. The Company is still in the process of evaluating the final purchase accounting allocation. Any adjustment resulting from the evaluation is not expected to be material. In accordance with FASB ASC 805-10 (Subtopic 25-15), the Company has up to one year from date of acquisition to complete this assessment. The increase in the Company’s goodwill and other intangible assets during the quarter ended September 30, 2017 was due to this acquisition.