Warner Norcross & Judd LLP represented Chemical Financial Corp. in a transaction being recognized as one of the biggest deals in Michigan during 2016.
This week’s edition of Crain’s Detroit Business ranked Chemical’s $1.2 billion merger with Talmer Bancorp, Inc. as the ninth largest deal last year – and the largest for the Great Lakes Bay Region. The transaction, announced in January 2016 and closed in August with a value of $1.7 billion, made Chemical Financial Corp. the largest banking company headquartered and operating branch offices in Michigan.
The bank, which is headquartered in Midland, will celebrate a century of doing business later this month. It operates 249 branches in Michigan, Ohio and Indiana.
Subscribers to Crain’s Detroit Business can read the entire story here.
This is the fourth transaction in the past three years for Chemical Financial, all of them led by the Mergers & Acquisitions Group at Warner . In addition to Talmer, the other transactions were:
- Lake Michigan Financial Corp., acquired for $187 million in 2015
- Monarch Community Bancorp, Inc., purchased for $27 million in 2015
- Northwestern Bancorp, Inc., bought for $121 million in 2014
Jeffrey A. Ott and Charlie Goode lead the Chemical transaction team.
About Warner
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