Chemical Bank is a well-known name in mid-Michigan, but is aiming to be better known in other parts of the state, too, with a recent purchase of branches farther afield.
Excerpt: Chemical Financial Corporation (Nasdaq:CHFC), announced today that its subsidiary, Chemical Bank, has completed its previously announced purchase of 21 branches from Independent Bank, a subsidiary of Independent Bank Corporation, Ionia, MI (Nasdaq:IBCP). In addition to the branch offices, which are located in Northeast Michigan and Battle Creek, the acquisition included approximately $405 million in deposits and $44 million in loans.
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Source: Equities.com
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