Michigan

OCC hits Michigan bank with order tied to Bank Secrecy Act compliance

06/24/19

Sterling Bancorp must enhance its BSA policies and hire an outside firm to review its account activity.

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Michigan bank raises $25 million in private placement

06/04/19

Northpointe Bancshares sold stock to an affiliate of Castle Creek Capital.

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In mortgages, these banks zigged while many others zagged

05/21/19

While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed.

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Credit union group wins special purpose bank charter in Michigan

05/20/19

Credit Union Trust, a new credit union service organization, has obtained a bank charter that it will use in offering trust and investment-related services.

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Flagstar discloses exposure to $69M commercial loan

05/13/19

The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.

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It was a slow month for M&A until ...

05/08/19

Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.

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Teachers Credit Union to buy Michigan thrift

04/26/19

The Indiana credit union agreed to pay $21.3 million in cash for New Bancorp, which was created when its savings bank converted to a stock-owned company in 2015.

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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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