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Standard Federal Bank was a Troy, Michigan-based bank serving Michigan and Northern Indiana in the United States which was acquired by Bank of America on 5 May 2008. [1]In 2005, Standard Federal was the largest bank in Michigan based on number of retail branches (265), ATMs (more than 1,000) and deposits (US 23.3B, 15.06% market share); it ranked second in assets.
The bank traces its roots to First National Bank of Ionia, which was founded in 1864. In 1896, relinquished its national charter and obtained a state charter, reorganized as State Savings Bank of Ionia. in 1952, changed name to First Security Band. In 1974, Independent Bank Corporation was established as the bank holding company. [3]
A week later, MSUFCU announced the acquisition of a second Chicago-area bank, Algonquin State Bank. [24] In November 2023, MSUFCU announced its acquisition of Lansing-based Gabriels Community Credit Union, [3] [25] as well as plans for two new Detroit-area branches, to be built in Novi and Brighton. [26]
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It was the second-largest bank in Michigan as measured by assets. ON 12 September 2005, ABN AMRO consolidated its U.S. commercial banking operations under the LaSalle Bank name. In 2007, ABN AMRO sold LaSalle to Bank of America, and the LaSalle branches became Bank of America branches on 5 May 2008. The former Michigan National branches in ...
The bank maintained the name Franklin County Bank until the merger with Lamoille County Bank & Trust Company (1875) in the early 1970s. After the merger, the bank adopted a new name, Franklin Lamoille Bank. The bank also incorporated a holding company named Banknorth. Woodstock National Bank was founded in 1802 and merged into the Howard ...
It was the third bank to be chartered in Boston and its office was at the corner of State and Exchange Streets. [17] [18] In 1865, Union Bank received a national charter and became the National Union Bank of Boston. The bank later built a headquarters at Washington and State streets. [19] State Street Deposit & Trust Co opened in July 1891.