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Displaying items by tag: Chemical Financial Corp

Friday, 03 January 2020 17:07

Bank execs could face fewer deal prospects in 2020

Bank M&A may ease in 2020, as fewer executives surveyed by the trade publication Bank Director view the market as favorable for deals.

Published in Finance
Sunday, 04 August 2019 17:37

Chemical Bank merger closes, ChoiceOne deal awaits shareholder votes

As one bank merger affecting the West Michigan marketplace focuses on integration, another much smaller deal heads toward shareholder votes next month.

Published in Finance
Wednesday, 17 July 2019 09:17

Chemical-TCF deal secures regulatory approval

Chemical Financial Corp.’s $3.6 billion acquisition of Wayzata, Minn.-based TCF Financial Corp. heads to a close Aug. 1 after receiving final federal regulatory approval.

Published in Finance

Sunday, 03 February 2019 20:55

Analysts expect $3.6 billion Chemical-TCF deal to drive more acquisitions

The proposed $3.6 billion merger between Chemical Financial Corp. and TCF Financial Corp. would create a Midwest bank based in Michigan that’s able to compete with the largest national banks and that’s likely to pursue further acquisitions. Under the $3.6 billion all-stock deal, the Wayzata, Minn.-based TCF Financial (NYSE: TCF) would merge into the Detroit-based Chemical Financial (Nasdaq: CHFC). Once the deal closes, Chemical Bank locations would take on the TCF name.

Published in Finance
Wednesday, 25 July 2018 10:13

Chemical Financial relocates HQ to Detroit from Midland

Chemical Financial Corp. today relocated its corporate headquarters to Detroit.

Published in Breaking News
Saturday, 09 June 2018 13:17

With new commercial lenders, Chemical Bank targets middle market firms

Seeking to drive growth and reach further into middle market companies across the Midwest, Chemical Bank has steadily added to its roster of commercial bankers since last summer and developed lending specialties. 

Published in Finance

Thursday, 25 January 2018 09:59

Chemical Financial completes restructuring, ramps up commercial lending staff

Chemical Financial Corp. has completed a restructuring that was designed to drive $20 million in annualized cost savings and put more focus on commercial lending.

Published in Breaking News
Sunday, 07 January 2018 00:38

After a pause in 2017, bank M&A expected to pick up

John Donnelly considers Independent Bank Corp.’s proposed $63.1 million deal to buy Traverse City-based TCSB Bancorp Inc. as indicative of the bank mergers likely to occur in Michigan next year.

Published in Finance
Sunday, 15 October 2017 22:47

M&A Roundtable: Executives share bright outlook for the M&A market in West Michigan

The active mergers and acquisitions market shows no signs of slowing down for the foreseeable future. 

Published in M&A Award Profiles

Sunday, 15 October 2017 22:22

Ott advised Chemical Financial on blockbuster deal for Talmer

In his 28 years in practice, attorney Jeff Ott has worked on almost 70 transactions, nearly a dozen of which involved Chemical Financial Corp.’s acquisitions of other banks.

Published in M&A Award Profiles
Sunday, 15 October 2017 20:00

With deal for Talmer Bancorp, Chemical Financial finds ‘the perfect fit’

Nearing $10 billion in assets after a series of smaller community bank acquisitions, Chemical Financial Corp. last year needed to pursue a deal larger than any it had contemplated before.

Published in M&A Award Profiles
Thursday, 14 September 2017 13:14

Chemical Bank to close 25 branches, trim workforce by 7 percent

Chemical Financial Corp. plans to close and consolidate 25 more branches by the end of the year and trim its workforce 7 percent in a cost-cutting initiative that will generate $20 million in annualized savings.

Published in Breaking News

Wednesday, 21 June 2017 09:09

Ramaker to retire as Chemical Bank CEO in third quarter

David Ramaker plans to retire in the third quarter as president and CEO of Chemical Financial Corp.

Published in Breaking News
Sunday, 04 June 2017 20:00

PR/IR firm diversifies into services for transitioning, growing businesses

GRAND RAPIDS — By forming a consulting and advisory practice, a public relations and investor relations firm looks to deepen its ties with clients seeking outside advice for their businesses.

Published in Breaking News
Sunday, 28 May 2017 15:48

New report ranks Michigan 5th nationally for most bank branch closures

More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.

Published in Finance

Sunday, 14 May 2017 13:08

Grand River Bank completes $14.4M raise to fund continued growth

GRANDVILLE — Grand River Bank’s parent company has raised $14.4 million in new investor capital to support the firm’s continued growth, MiBiz has learned.

Published in Finance
Tuesday, 25 April 2017 17:12

Chemical Bank reports ‘solid’ results to start 2017

Chemical Financial Corp. doubled earnings for the first quarter, the second full three-month period for the company following its $1.7 billion acquisition of Talmer Bancorp Inc. last summer.

Published in Breaking News
Sunday, 19 March 2017 15:47

Chemical Financial requests additional shares to act on potential acquisitions

MIDLAND — For the third time in two years, Chemical Financial Corp. wants to have more shares on hand to as it pursues additional acquisitions.

Published in Finance

Thursday, 26 January 2017 09:16

Talmer acquisition drives up Chemical Financial earnings

Chemical Financial Corp. posted significantly higher earnings for the final three months of 2016, driven by the $1.7 billion acquisition of Talmer Bancorp Inc. that closed in late summer.

Published in Breaking News
Sunday, 08 January 2017 17:07

Banking industry remains conducive to more M&A in 2017

Mergers and acquisitions within the banking industry are expected to maintain a steady pace in the new year.

Published in Finance
Sunday, 13 November 2016 13:23

Chemical Financial explores moving regional HQ in downtown GR

GRAND RAPIDS — The largest bank headquartered in Michigan wants to increase its profile in downtown Grand Rapids in the years ahead. 

Published in Breaking News

Thursday, 27 October 2016 10:53

Acquisition costs trim Chemical net income

Expenses tied to the acquisition this summer of Talmer Bank & Trust lowered Chemical Financial Corp.’s net income for the third quarter, which otherwise reported stronger results.

Published in Breaking News
Sunday, 18 September 2016 16:28

Level One Bank eyes growth with entry to GR market

GRAND RAPIDS — A strong marketplace combined with recent consolidation involving community banks lured Level One Bank from its base in suburban Detroit to the Grand Rapids market.

Published in Finance
Sunday, 21 August 2016 13:59

Chemical seeks to become ‘pre-eminent’ Midwest bank

MIDLAND — As Chemical Financial Corp. moves toward closing its latest and largest acquisition, David Ramaker remains open to additional deals that would further expand the bank’s footprint in the Midwest.

Published in Finance

Tuesday, 09 August 2016 09:03

Federal Reserve Board approves $1.4 billion Chemical-Talmer deal

Chemical Financial Corp.’s $1.4 billion acquisition of Talmer Bancorp Inc. heads to a close this fall after securing approval from federal regulators.

Published in Breaking News
Wednesday, 20 July 2016 15:52

Chemical-Talmer deal heads toward close this year, pending regulatory approval

The $1.4 billion merger between Chemical Financial Corp. and Talmer Bancorp Inc. heads to probable close later this year after securing shareholder approvals from both companies.

Published in Breaking News
Sunday, 10 July 2016 13:35

Two Michigan bank deals move ahead

Two large bank mergers affecting the Michigan market are progressing, with one securing shareholder approval and another awaiting a vote in the coming weeks.

Published in Finance

Sunday, 10 July 2016 13:31

Banks feel the talent gap: Hiring curbed by gutted training programs, lack of interest among younger generations

Bankers say they hear it regularly from their clients: It’s gotten awfully hard to find good talent these days.

Published in Finance
Sunday, 26 June 2016 12:09

Post-Brexit, West Michigan public company stocks take a beating

Stock prices of West Michigan’s publicly traded companies tumbled on Friday as Wall Street succumbed to the uncertainty caused by the U.K.’s decision to exit the European Union.

Published in Breaking News
Sunday, 17 April 2016 15:55

Talmer explored several options before agreeing to $1.1 billion deal with Chemical Financial

Prior to cutting the $1.1 billion deal that would make Chemical Financial Corp. the largest bank based in Michigan, Talmer Bancorp Inc. talked with several other potential partners about a merger or acquisition.

Published in Breaking News

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