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The company announced the acquisition of the First National Bank of Eagle River, making it the largest bank headquartered in the Upper Peninsula with $900 million in assets. [8] The company completed its acquisition of First Federal of Northern Michigan Bancorp Inc. for $41.6 million in 2018. [9]
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 ...
Barnett Banks, Inc. First Florida Bank Barnett Banks, Inc. Bank of America: 1992 Comerica, Inc. Manufacturers Bank Comerica Comerica: 1992 NBD Bancorp: INB Financial Corp. NBD Bancorp: $876 million [27] JPMorgan Chase: 1992 Chemical Bank: Manufacturers Hanover Trust Company: Chemical Bank: JPMorgan Chase: 1993 First Bank System, Inc. Colorado ...
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Based on the closing price of First Merchants' common stock on May 10, 2013 of $16.14, the transaction value is approximately $114.7 million, with an implied price per share of CFS common stock of ...
Under the United States Bank Holding Company Act, financial and bank holding companies are regulated by the US Federal Reserve. [1] Companies whose elections to be treated as financial holding companies are effective include:
In 1980, Farmers & Merchants Bank, Milford Center and The First National Bank of Burton merged with Huntington Bancshares. [14] In 1981, the bank acquired Alexandria Bank Company and renamed it The Huntington State Bank, with a loan production office opening in Cincinnati. In 1982, the bank merged with the Reeves Banking and Trust Company. [14]
FirstMerit Corporation was a diversified financial services company headquartered in Akron, Ohio, with assets of approximately $26.2 billion as of June 30, 2016, and 359 banking offices and 400 ATM locations in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania.