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Chemical Financial Corp. closed May 31 on the $187.4 million acquisition of Lake Michigan Financial Corp., the parent company of The Bank of Holland and The Bank of Northern Michigan.

Published in In the News

The sale of the parent corporations for Founders Bank & Trust and The Bank of Holland are the latest deals in a merger trend across the banking industry in Michigan that M&A experts expect will only continue to occur in coming years.

Published in Finance
Sunday, 10 May 2015 21:12

MiBiz Growth Report: May 11, 2015

Here is the MiBiz Growth Report for May 11, 2015.

Published in Economic Development

Shareholders at the privately held Lake Michigan Financial – the parent company of The Bank of Holland and The Bank of Northern Michigan – voted Monday to approve the sale, according to a filing Chemical Financial (Nasdaq: CHFC) submitted to federal securities regulators.

Published in In the News
Sunday, 26 April 2015 23:02

MiBiz Growth Report: April 27, 2015

Here is the MiBiz Growth Report for April 27, 2015:

Published in Economic Development

This week’s approval by the Federal Reserve Board came a week before shareholders at the privately-held Lake Michigan vote on April 27 to consider the deal, which would give the Midland-based Chemical Financial (Nasdaq: CHFC) $8.7 billion in combined total assets and $6.9 billion in combined deposits.

Published in In the News

Chemical Financial Corp. today closed on the $27.2 million acquisition of Coldwater-based Monarch Community Bancorp Inc.

Published in In the News

As it works to close two deals, Chemical Financial Corp. wants to increase its number of outstanding shares to finance pending mergers and perhaps structure future acquisitions.

Published in Finance

Raising $10.6 million provides Grand River Bank’s parent company with added capital to drive further growth and pursue new business as some competitors are either now part of larger banks or are merging into larger institutions.

Published in Finance

The Midland-based Chemical Financial (Nasdaq: CHFC) this afternoon reported net income of $62.1 million, or $1.97 per diluted share, for 2014, up from the $56.8 million, or $2 per diluted share, for 2013.

Published in In the News
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