Displaying items by tag: Chemical Financial Corp
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.
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.
David Ramaker plans to retire in the third quarter as president and CEO of Chemical Financial Corp.
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.
More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.
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.
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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.
MIDLAND — For the third time in two years, Chemical Financial Corp. wants to have more shares on hand to as it pursues additional acquisitions.
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.
Mergers and acquisitions within the banking industry are expected to maintain a steady pace in the new year.
GRAND RAPIDS — The largest bank headquartered in Michigan wants to increase its profile in downtown Grand Rapids in the years ahead.
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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.
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.
Chemical Financial Corp.’s $1.4 billion acquisition of Talmer Bancorp Inc. heads to a close this fall after securing approval from federal regulators.
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.
Two large bank mergers affecting the Michigan market are progressing, with one securing shareholder approval and another awaiting a vote in the coming weeks.
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.
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.
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.
After operating for years in rural communities to the north, ChoiceOne Bank wants to carve out a position in downtown Grand Rapids.
A pair of deals would give Chemical Financial Corp. and Huntington Bancshares Inc. larger footprints in Michigan and could renew the momentum for bank M&A in the state.
What executives tout as a “merger of equals” with Chemical Financial Corp. represents what one institutional shareholder for Talmer Bancorp Inc. considers a deal that should get voted down.
Chemical Financial to acquire Talmer Bancorp in $1.1 billion deal; Huntington Bank to buy FirstMerit for $3.4 billion
Chemical Financial Corp. plans to acquire Talmer Bancorp Inc. in a $1.1 billion deal that will create one of the largest banks in the Midwest.
The Midland-based Chemical Financial (Nasdaq: CHFC) today reported full-year net income of $86.8 million, or $2.39 per diluted share, which compares with $62.1 million, or $1.97 per diluted share, from a year ago.
Mike Damstra’s chance to fill a gap in his company’s service footprint along the lakeshore arose last year when North Ottawa Community Health System came knocking.