Michigan

Comerica offers Plan B after deposit decline

04/16/19

The Dallas regional assured analysts that it has ample sources of liquidity to fund its expected loan growth.

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Michigan de novo surpasses capital goal, plans May opening

04/15/19

MiCommunity Bancorp, which will be Michigan's first new bank since the financial crisis, raised $30 million in initial capital.

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The Chemical-TCF merger that almost wasn’t

04/08/19

The companies had planned to make Chemical CEO David Provost the new leader before October's market gyrations led them to break off talks. When they revisited the deal, several things changed — including Provost's role.

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Michigan bank expands mortgage operations with asset purchase

03/23/19

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.

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Chemical-TCF: Why this deal, and why now?

01/28/19

Both banks' need for scale started the conversation and the lifting of the SIFI threshold helped seal the deal. Here are five takeaways from one of the industry's biggest recent mergers.

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Chemical, TCF to merge, creating $45 billion-asset bank

01/28/19

Chemical is paying roughly $3.6 billion for the $23.5 billion-asset TCF. The combined company will be headquartered in Detroit, Chemical's hometown, and operate under the TCF brand.

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Higher-than-expected deposit loss raises stakes for Flagstar-Wells branch deal

12/11/18

Balances from the 52 branches Flagstar bought from Wells Fargo fell by 22% between the deal's announcement and closing, forcing the Michigan company to adjust the math for earning back tangible book value.

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Michigan credit union to buy bank branch

12/03/18

Citizens Community Bancorp is selling its Rochester Hills, Mich., office to Lake Michigan Credit Union.

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Flagstar teams up with Detroit fintech incubator

11/21/18

The Michigan company has committed $50,000 to the partnership over the next two years amid a big push to modernize its product and service offerings.

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Advia Credit Union to buy small Illinois bank

11/19/18

The move allows the Michigan credit union to expand its operations in Illinois and southern Wisconsin.

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