Chemical Bank is a Michigan-based bank headquartered in Midland, Michigan. It is the wholly owned subsidiary of Chemical Financial Corporation, and has 157 offices in Michigan's lower peninsula. It is Michigan's second largest bank headquartered in Michigan.
Currently
Chemical Bank is the second largest bank headquartered in Michigan. The Corporation operates through a single subsidiary bank, Chemical Bank, with 157 banking offices spread over 38 counties in the lower peninsula of Michigan. At March 31, 2014, the Corporation had total assets of $6.3 billion. Chemical Financial Corporation's common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issues comprising The NASDAQ Global Select Market. More information about the Corporation is available by visiting the investor relations section of its website at www.chemicalbankmi.com.
The current CEO is David B. Ramaker. Chemical Bank has received an "outstanding" CRA rating from the Federal Reserve Bank of Chicago.
On March 11, 2014, the boards of directors of Chemical Financial Corporation (Nasdaq: CHFC), the holding company for Chemical Bank, and Northwestern Bancorp, Inc., the holding company for Northwestern Bank, announced the execution of a definitive agreement for Chemical Financial Corporation ("Chemical") to partner with Northwestern Bancorp, Inc. ("Northwestern"). The acquisition is expected to complete sometime in the third quarter. With the partnership with Northwestern and its 25 branches across 11 northwestern Michigan counties it is anticipated that Chemical Bank will have the largest retail branch delivery network (ranked by number of branch locations) outside of the Detroit MSA of any financial institution operating in Michigan.
History
Chemical State Savings Bank was founded in 1917.
The headquarters of Chemical Bank was the site of Tony Chebatoris' infamous bank robbery in 1937, which ultimately ended in Chebatoris being the only man receiving the death penalty in the state of Michigan.
Chemical Bank and Trust Company changed its name to Chemical Bank in 1973 to reflect that their trust activities were only one part of the total business.
Dollar The Squirrel
In 2008, Chemical Bank adopted Dollar The Squirrel as their company mascot. Dollar appears at company funded events around the state as well as in Chemical Bank's story book which they use to educate elementary-aged children on the importance of saving.
References
External links
- Chemical Bank website
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