Item 2.01. Completion of Acquisition or Disposition of Assets.

On January 2, 2020, Level One Bancorp, Inc. (the "Company") completed its previously announced acquisition of Ann Arbor Bancorp, Inc. ("AAB") and its wholly owned subsidiary, Ann Arbor State Bank. The transaction was completed pursuant to a merger of the Company's wholly owned merger subsidiary ("Merger Sub") with and into AAB (the "merger"), pursuant to the Agreement and Plan of Merger, dated as of August 12, 2019 (the "Merger Agreement"), among the Company, Merger Sub and AAB. The Company paid aggregate consideration of approximately $67.9 million in the merger. Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


             Appointment of Certain Officers; Compensatory.

On January 2, 2020, the Company's board of directors appointed Jacob W. Haas as a director of the Company. Mr. Haas, age 72, was previously a director of AAB and was appointed in satisfaction of the Company's obligations under the Merger Agreement. Mr. Haas will be entitled to receive the compensation payable to non-employee directors of the Company, as disclosed in its proxy statement for its 2019 annual meeting of shareholders, filed with the Securities and Exchange Commission on April 4, 2019. Item 7.01. Regulation FD Disclosure.

On January 2, 2020, the Company issued a press release announcing the completion of the merger and the appointment of Mr. Haas, a copy of which is furnished herewith as Exhibit 99.1. The information in this Item 7.01 and the attached exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, except in each case as shall be expressly set forth by specific reference in any such filing.

Item 9.01. Financial Statements and Exhibits.




(a) Financial Statements of Business Acquired.
As permitted by Item 9.01(a)(4) of Form 8-K, the Company intends to file the
historical financial statements required by Item 9.01(a) of Form 8-K as an
amendment to this Current Report on Form 8-K not later than 71 days after the
date this Current Report on Form 8-K is required to be filed.
(b) Pro Forma Financial Information.
As permitted by Item 9.01(b)(2) of Form 8-K, the Company intends to file the pro
forma financial information required by Item 9.01(b) of Form 8-K as an amendment
to this Current Report on Form 8-K not later than 71 days after the date this
Current Report on Form 8-K is required to be filed.
(d) Exhibits.
Exhibit No.   Description
99.1            Press Release of Level One Bancorp, Inc., dated January 2, 2020

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