News Topic: Michigan

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans. ... Read full article

The company agreed to buy TCSB Bancorp, the parent of Traverse City State Bank, for $63 million. ... Read full article

The Michigan company, which lost more than $1.4 billion in the aftermath of the financial crisis, is trying to become more of a commercial lender. It recent agreement to buy a deposit-rich franchise in California could help it get there. ... Read full article

Most of Sterling Bancorp's operations are in San Francisco and Los Angeles. The company plans to use some of the $93 million it will raise to expand in New York and Seattle. ... Read full article

The Michigan company's third-quarter results were down slightly from a year earlier despite increased commercial lending and a wider net interest margin. ... Read full article

Chemical Financial and Fidelity Southern are the latest banks to curtail auto lending, blaming trends in auto sales and overheated competition. ... Read full article

Chemical Financial's decision to shutter nearly 40 branches and cut more than 200 jobs is due to improved technology and an effort to become more efficient after years of pursuing acquisitions. ... Read full article

The Michigan company said the branch closures will save it $20 million a year. It also plans to devote fewer resources to indirect auto, where returns have trailed other lending categories. ... Read full article

Lake Michigan Credit Union’s deal for Encore Bank would give it a total of 10 branches on the Florida Gulf Coast. ... Read full article

The Michigan company's profit benefited from a larger balance sheet and a reduction in merger-related expenses. ... Read full article

The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses. ... Read full article

Lansing, Mich., is working with area banks to open accounts for people coming out of prison. ... Read full article

The Michigan company was caught off guard by CEO David Ramaker's decision to retire. Fortunately, Chemical had retained Talmer Bancorp CEO David Provost after buying his bank a year earlier. ... Read full article

David Provost will succeed David Ramaker as the Michigan company's CEO. Provost ran Talmer Bancorp, which Chemical bought last year. ... Read full article

The Indiana company will pay $92 million for Wolverine Bancorp ... Read full article

Mortgage lending was "challenging" in the fourth quarter, but the Troy, Mich., company showed strong growth in commercial loans ... Read full article

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017. ... Read full article

First Internet Bancorp is the latest institution to enter the business or to significantly expand operations. ... Read full article