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The driving force behind Lake Michigan Financial Corp.’s proposed $184.1 million sale to Chemical Financial Corp. represents a contrast to what’s been driving most of the consolidation in the banking industry.

Published in Finance

Before directors at Coldwater-based Monarch Community Bancorp Inc. explored the possibility of a sale or acquiring other banks itself, the organization needed to complete a successful recapitalization strategy and to emerge from under increased regulatory scrutiny.

Published in Finance

Increased activity in 2014 sets the stage for more bank M&A in 2015.

Published in Crystal Ball

Chemical Financial Corp. Chairman, President and CEO David Ramaker expects that 2015 will bring even better economic conditions to Michigan, as well as more bank consolidation. The Midland-based Chemical Financial has been a player in the consolidation trend of the last year, buying Northwestern Bancorp Inc. in Traverse City this fall and then signing a deal to acquire Monarch Community Bank in Coldwater that will close in the first quarter of 2015. In a conversation with MiBiz, Ramaker said Chemical Financial intends to remain active in seeking deals in 2015.

Published in Crystal Ball

Days after closing an acquisition for a bank in Traverse City, Chemical Financial Corp. said today that it plans to buy Coldwater-based Monarch Community Bancorp Inc.

Published in In the News

Chemical Financial Corp. posted higher earnings and strong volume growth for the third quarter.

Published in In the News
Sunday, 12 October 2014 22:00

Fed report: Expect more community bank M&A

National survey results suggest that mergers and acquisitions involving community banks could pick up in the next year or more as institutions cope with growth pressures, high regulatory compliance costs and even “management fatigue.”

Published in Finance

The new financial institutions practice formed by Charter Capital Partners LLC in Grand Rapids seeks to tap into an emerging consolidation trend involving community banks.

Published in Finance

Grand Rapids-based Founders Financial Corp. had always expected Founders Bank & Trust to remain an independent community bank, but a key deal for an Ann Arbor lender in January convinced directors to re-evaluate their plans.

Published in Finance

As each envisions becoming the top community bank in Michigan, Mercantile Bank Corp. and Chemical Financial Corp. could potentially make additional acquisitions in the future to drive growth.

Published in Finance
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