For Midland-based Chemical Financial Corp., 2010 already is showing stronger returns over last year.
Last week, the company announced a net income of $4.4 million in its second quarter, compared to $2.3 million in the first quarter in the second quarter of 2009.
Excerpt:
According to officials, the acquisition of O.A.K. Financial Corp. in April, will continue to help Chemical Financial in the future.
"The acquisition of Byrone Bank will serve as a catalyst to drive Chemical Financial's growth in west Michigan and enhance operating earnings," said David B. Ramaker, chairman, chief executive officer and president of Chemical Financial. "The integration of Byron Bank is progressing as planned, and the company remains on target for the integration of all systems in the third quarter of 2010."
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