Chemical Financial Corporation is a bank holding company headquartered in Midland, Michigan. It operates Chemical Bank, which has 249 branches and is Michigan's largest bank.
Video Chemical Financial Corporation
History
Chemical State Savings Bank was founded in 1917.
In 1937, the headquarters of Chemical Bank was the site of the infamous bank robbery by Tony Chebatoris, which resulted in Chebatoris being the only man to receive the death penalty in the state of Michigan.
In 1964, the bank changed its name to Chemical Bank Trust.
In 1974, the bank changed its name to Chemical Bank.
In May 2010, the bank acquired O.A.K. Financial Corporation.
In October 2014, the bank acquired Northwestern Bank for $121 million in cash.
In April 2015, the bank acquired Monarch Community Bancorp for $27.2 million in stock.
In June 2015, the bank acquired Lake Michigan Financial Corporation for $187.4 million in cash and stock.
In August 2016, the bank acquired Talmer Bancorp for $1.7 billion in cash and stock.
In 2017, David B. Ramaker, president and chief executive officer of the bank, retired and was succeeded by David T. Provost.
Maps Chemical Financial Corporation
References
Source of article : Wikipedia
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