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Chemical Bank
Chemical Bank

What is Chemical Bank ?

Chemical Bank is a Michigan-based bank headquartered in Midland, Michigan. It is the entirely possessed backup of Chemical Financial Corporation, and has 187 workplaces in Michigan’s lower landmass. It is Michigan’s second biggest bank.

At present :

chemical Financial Corporation (“Chemical”) is the second biggest managing an account organization headquartered and working branch workplaces in Michigan. Concoction works through its auxiliary banks, Chemical Bank, The Bank of Holland and the Bank of Northern Michigan, with 187 managing an account workplaces spread more than 47 districts in Michigan. At June 30, 2015, Chemical and its subsidiaries had, on a genius forma premise, $9.0 billion in solidified resources, $7.0 billion in united credits and $7.3 billion in combined deposits. Chemical Financial Corporation’s normal stock exchanges on The NASDAQ Stock Market under the image CHFC and is one of the issues including The NASDAQ Global Select Market.

The present CEO is David B. Ramaker. Synthetic Bank has gotten an “extraordinary” CRA rating from the Federal Reserve Bank of Chicago.

On March 11, 2014, the sheets of chiefs of Chemical Financial Corporation (Nasdaq: CHFC), the holding organization for Chemical Bank, and Northwestern Bancorp, Inc., the holding organization for Northwestern Bank, declared the execution of a complete assention for Chemical Financial Corporation (“Chemical”) to cooperate with Northwestern Bancorp, Inc. (“Northwestern”). The securing was relied upon to finish at some point in the second from last quarter. With the organization with Northwestern and its 25 branches crosswise over 11 northwestern Michigan areas it is foreseen that Chemical Bank will have the biggest retail branch conveyance arrange (positioned by number of branch areas) outside of the Detroit MSA of any monetary foundation working in Michigan. The obtaining of Northwestern was finished on October 31, 2014.

In January 2016 it was reported that Chemical Bank had gained Talmer Bancorp of Troy, Michigan, subject to administrative approval.

History :

Compound State Savings Bank was established in 1917.

The central station of Chemical Bank was the site of Tony Chebatoris’ notorious bank burglary in 1937, which at last finished in Chebatoris being the main man getting capital punishment in the condition of Michigan.

Concoction Bank and Trust Company changed its name to Chemical Bank in 1973 to mirror that their trust exercises were just a single some portion of the aggregate business.

Source : wikipedia

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