Michigan

Level One expects 3Q profit boost from nonperforming loan payment

08/09/19

The Michigan company disclosed that an unnamed client made a large payment on a $6.5 million nonperforming loan.

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Chemical deal done, TCF leaders mull more M&A, tech investment

08/01/19

The year's second-biggest bank merger created a Midwestern regional with nearly $50 billion in assets, and its CEO and executive vice chairman don't intend to stop there.

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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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