The Michigan company's profit benefited from a larger balance sheet and a reduction in merger-related expenses.
The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.
Lansing, Mich., is working with area banks to open accounts for people coming out of prison.
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.
David Provost will succeed David Ramaker as the Michigan company's CEO. Provost ran Talmer Bancorp, which Chemical bought last year.
The Indiana company will pay $92 million for Wolverine Bancorp
Mortgage lending was "challenging" in the fourth quarter, but the Troy, Mich., company showed strong growth in commercial loans
The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.
First Internet Bancorp is the latest institution to enter the business or to significantly expand operations.
Huron Community Financial Services in East Tawas, Mich., is getting ready to offer insurance products.