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The Second State Bank had been chartered in late 1833 for a period of 25 years, and was succeeded by the Third State Bank of Indiana. The National Bank Act that the U.S. Congress passed during the Civil War ended the need for a state banking system, and the Indiana National Bank of Indianapolis came into existence. [3]
[59] [60] When the acquisition was completed, NBD had 51 offices in Illinois and 630 offices in Michigan, Indiana, Illinois, Ohio, and Florida. [ 60 ] In January 1995, NBD Bancorp announced the pending acquisition of the Deerfield -based Deerbank Corporation, the holding company for the Deerfield Federal Savings and Loan Association, with its ...
The company was founded in 2007 as First Michigan Bank. [1] First Michigan changed its name to Talmer in 2011 after acquiring banks outside of Michigan. In 2013, Talmer acquired First Place Bank based in Warren, Ohio. In 2014, it sold its Wisconsin branches to Hartland, Wisconsin-based Town Bank. [2] In 2015, Talmer acquired First Huron Corp ...
In November 1986, Citizens Banking announced the acquisition of National Bank of Illinois / Commercial National Bank of Berwyn, Illinois as its first non-Michigan acquisition. [8] [9] David T. Dort, son of J. Dallas Dort, retired April 10, 1988, as the longest-serving director of Citizen Banking Corp. after 22 years. [3]
The Financial Crisis and Great Recession were particularly tough on Michigan. Beyond the devastation the entire nation felt in real estate and the financial system, Michigan had the added torment ...
With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. [4] Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin. [1]
On October 3, 2009, the Federal Deposit Insurance Corporation named Huntington as receiver of a $400 million deposit portfolio from the bank failure of Warren Bank in Warren, Michigan. [39] [40] [41] On December 18, 2009, Huntington signed a 45-day lease with the FDIC to run a bridge bank for the failed Citizens State Bank in New Baltimore ...
On September 1, 2007, the individual banks under Citizens Financial Group, excluding Citizens Bank of Pennsylvania, merged into RBS Citizens, N.A. [22] In November 2008, Charter One sold its network of 65 branches in Indiana to Old National Bank which rebranded them under the Old National Bank banner. [23] [24] The transaction closed in June 2010.