State approves mega merger for Mid-Michigan bank - WNEM TV 5

State approves mega merger for Mid-Michigan bank

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MIDLAND, MI (WNEM) -

A Mid-Michigan bank will soon get a whole lot bigger.

The state has approved a mega merger between Midland-based Chemical Bank and Talmer Bank, headquartered in Troy. The merger makes Chemical the largest Michigan-based bank. 

The companies expect the deal to close on August 31. 

"We view this merger as the next stage of both companies' evolutions. Our consistent, client-centric banking philosophies and shared commitment to organic and acquisitive growth, combined with the efficiencies we believe are achievable as a result of the merger, should enhance our ability to drive sustained improvements in earnings and other performance metrics going forward," noted Gary Torgow, Chairman of the Board, Talmer Bancorp, Inc.

With the approval, more than 80 Talmer branches will get the Chemical Bank name.

The merger makes Chemical the largest Michigan-based bank. 

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