Their strong management team is well positioned to be successful in this changing marketplace. Make sure you don't miss a thing by subscribing to our newsletters. I am confident this merger will be beneficial for the clients, employees and shareholders of both companies," said Sarafa. The headquarter was located at 101 East Main Street, Zeeland, MI 49464. It currently operates eleven full-service banking centers located throughout Oakland County and the surrounding communities. ChoiceOne is being advised on the deal by financial adviser This article is available to paid digital subscribers. "So we're not going to have to 'pick a team to survive.' County Bank Chairman and CEO Bruce Cady will serve as vice chairman and Lakestone Bank & Trust President Mike Burke will serve as the president of the bank.“We are two strong, growing institutions with a powerful commitment to serve our customers and give back to our communities. Following is a comprehensive list of recent Bank Mergers and Acquisitions by non-survivor institution. Now TCF is switching to Chemical's stock exchange, while TCF is moving to Chemical's home state and Detroit headquarters. "It's going to be a landmark building for the city of Detroit and we're excited to add to the skyline in that location," Shafer said.TCF plans to maintain its old headquarters in Wayzata, Minn., and the old Chemical Bank headquarters building in Midland.The banking platforms and information technology systems of TCF and Chemical banks won't be merged until mid-2020, Shafer said.
A As a result of this merger, Standard Federal operated approximately 300 branches and 850 ATMs in the state of Michigan, more than any other financial institution in the state. ChoiceOne plans ‘strategic merger of equals’ with SE Michigan bank BY Mark Sanchez Monday, March 25, 2019 11:32am SPARTA — ChoiceOne Financial Services Inc. plans to merge with Lapeer-based County Bank Corp. in a deal that would create a bank with a combined $1.28 billion in assets. The Consumer Division offers personal savings and checking accounts and a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Ann Arbor Bancorp is the privately held parent of Ann Arbor State Bank. "These two banks — Chemical and TCF — were so complementary with an opportunity," Torgow said. FOR IMMEDIATE RELEASE: February 29, 2016 Media Contact: Don Tanner (248) 626-0006 FARMINGTON HILLS, Mich. (February 29, 2016) - Today Level One Bancorp, Inc. (Level One Bank) and Bank of Michigan executed the financial transaction that completes the merger between the two banks. The merger took effect from 9 October 2001. Located in geographically different regions of Michigan , Superior National Bank and Main Street Bank share the same culture, midwestern values and commitment to serving customers and communities. Michigan National Bank will disappear as part of its acquisition by the owner of Standard Federal Bank. The announcement was made by Patrick J. Fehring, President and CEO of Level One Bank and Michael G. Sarafa, President and CEO of Bank of Michigan. "In the next two years, I think the public is going to see a much stronger combined franchise.
Level One Bank's success has been recognized both locally and nationally as the U.S. Small Business Administration's (SBA) 'Community Lender of the Year' and 'Export Finance Lender of the Year', one of SNL Financial's 'Top 100 Performing Community Banks', Inc. Magazine's list of 5,000 'Fastest Growing Private Companies in America', and one of Metro Detroit's '101 Best & Brightest Companies to Work For'. Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board … With a Crain’s Detroit Membership you get exclusive access, insights and experiences to help you succeed in business. The result is one of the largest, locally owned independent community banks in Oakland County with combined assets of approximately $1.0 billion.
The Office of Banking ensures that Michigan's state-chartered banks, savings banks and Business and Industrial Development Companies (BIDCOs) are operating safely and soundly, that public confidence in the financial system is maintained, and that the interests of depositors, creditors and shareholders are protected. The new building should be constructed and ready to occupy by January 2022, Provost said. "It's consistent with how we've done every other thing," Dahl added with a laugh.Please select at least one newsletter to subscribe. The combined Chemical Bank and TCF Bank will adopt the TCF name.
LaSalle Bank Midwest National Association was the successor institution.
FinPro Capital Advisors, Inc. served as financial advisors with Howard and Howard Attorneys providing legal counsel to Bank of Michigan.Level One Bank is a full-service, 5-Star BauerFinancial rated commercial and consumer bank headquartered locally in Farmington Hills, Michigan with assets of approximately $1.0 billion. The newly combined bank will operate under the name Level One Bank, with systems conversion to be completed on April 4. Executives at ChoiceOne Financial (OCT: COFS), the Sparta-based parent company of Pending shareholder and regulatory approvals, the County Bank merger “with and into” ChoiceOne could close in the second half of 2019, resulting in a combined bank with 28 offices in western and southeastern Michigan. Ranzini said that there are a number of banks in Michigan large enough to purchase Michigan Commerce Bank, including Bank of Ann Arbor, Chemical Bank from Midland and First Merit Bank, which recently acquired Citizens Bank in Flint.
The bank in January reported 2018 net income totaled $7.3 million, or $2.02 per diluted share. ChoiceOne Bank has 14 offices in Kent, Newaygo, Muskegon and Ottawa counties with $670.1 million in total assets as of Dec. 31.
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