Displaying items by tag: Lake Michigan Financial Corp

In his 28 years in practice, attorney Jeff Ott has worked on almost 70 transactions, nearly a dozen of which involved Chemical Financial Corp.’s acquisitions of other banks.

GRANDVILLE — Grand River Bank’s parent company has raised $14.4 million in new investor capital to support the firm’s continued growth, MiBiz has learned.

MIDLAND — For the third time in two years, Chemical Financial Corp. wants to have more shares on hand to as it pursues additional acquisitions.

GRAND RAPIDS — A strong marketplace combined with recent consolidation involving community banks lured Level One Bank from its base in suburban Detroit to the Grand Rapids market.

Two large bank mergers affecting the Michigan market are progressing, with one securing shareholder approval and another awaiting a vote in the coming weeks.

Prior to cutting the $1.1 billion deal that would make Chemical Financial Corp. the largest bank based in Michigan, Talmer Bancorp Inc. talked with several other potential partners about a merger or acquisition.

After operating for years in rural communities to the north, ChoiceOne Bank wants to carve out a position in downtown Grand Rapids.

ChoiceOne Bank plans to open a lending office on West Fulton Avenue in downtown Grand Rapids.

A pair of deals would give Chemical Financial Corp. and Huntington Bancshares Inc. larger footprints in Michigan and could renew the momentum for bank M&A in the state.

The Midland-based Chemical Financial (Nasdaq: CHFC) today reported full-year net income of $86.8 million, or $2.39 per diluted share, which compares with $62.1 million, or $1.97 per diluted share, from a year ago.