News Topic: Michigan

The company said it could use proceeds to fund organic growth or acquisitions. ... Read full article

The Troy, Mich., company is operating unfettered by regulatory orders for the first time in a decade, and its CEO says Flagstar now has the flexibility to pull the trigger faster on deals and accelerate its diversification beyond mortgages. ... Read full article

The Michigan company had been operating under the supervisory agreement since 2010. ... Read full article

The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer. ... Read full article

Seven credit unions have asked Michigan's banking regulator for permission to launch a trust company, a move that bankers says oversteps that industry's role of helping people of "modest means." ... Read full article

Despite ongoing industry consolidation, the company still expects to have at least 10 chances each year to buy another bank. ... Read full article

The bank, which would be only the second to call the Motor City home, would hire 500 people there while maintaining most of its workforce in Midland. ... Read full article

The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions. ... Read full article

Level One Bank in Farmington, Mich., has hired a team of mortgage bankers from MB Financial, which previously announced it was shutting down this business line. ... Read full article

An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares. ... Read full article

The low-cost deposits that come with the deal should fund the Michigan company's effort to become a commercial lender. ... Read full article

The Michigan company will buy 52 branches and $2.3 billion in deposits from the San Francisco banking giant. ... Read full article

Though total loans and deposits were down from the end of 2017, management expressed optimism that things will pick up over the rest of this year. ... Read full article

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes. ... Read full article

The company said it could raise up to $25 million through the initial public offering. ... Read full article

Organizers want to open the first new bank in Michigan since 2009, while a third group in Florida has filed a de novo application. ... Read full article

Scholarship programs for high schoolers and college students can also promote banking as a viable career option and serve as a channel for bringing in new business. ... Read full article

Both proposals aim to establish institutions that would be modeled after Bank of North Dakota, the nation's only public bank. ... Read full article