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In March 2007, the bank acquired 10 branches from TCF Financial Corporation. [5] In December 2008, the bank received a $72 million investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program. The investment was returned in 2013. [6]
William Montague Ferry Jr. — Michigan and Utah Politician; Betty Ford — 37th First Lady of the United States [18] Gerald R. Ford — 38th President of the United States [18] Wilder D. Foster — U.S. Congressman from Michigan; mayor of Grand Rapids [16] George Heartwell — Mayor of Grand Rapids [16] [19] Paul B. Henry — U.S. Congressman [20]
Rochester Hills is a city in Oakland County in the U.S. state of Michigan. A northern suburb of Detroit, Rochester Hills is located about 25 miles (40 km) north of downtown Detroit. As of the 2020 census, the city had a population of 76,300. [4] The area was first settled by European Americans in 1817, and organized as Avon Township in 1835.
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In 1981, Rochester Products and Diesel Equipment Division merged in what was publicly described as a cost-cutting move. At this time RPD had about 7,000 employees, and DED had about 3,300 employees. [16] DED had plants in Grand Rapids, Michigan. [17] The headquarters remained in Rochester.