Michigan Bank Holding Companies are financial institutions that control and manage one or more subsidiary banks in the state of Michigan. They are responsible for directing the overall business and strategy of the subsidiary banks, and for overseeing their compliance with applicable state and federal banking regulations. There are three types of Michigan Bank Holding Companies: 1) One-bank holding companies, which own and control only one bank; 2) Multi-bank holding companies, which own and control multiple banks; and 3) Non-bank holding companies, which own and control a combination of banks and non-banking companies or activities. Bank Holding Companies provide a wide range of financial services, including savings and loan services, investment banking, asset management, and commercial banking services.
Michigan Bank Holding Companies
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The Michigan National Bank Tower name remained until 2001 when Standard Federal Bank bought Michigan National out and in October 2001, all branches of Michigan National Bank officially become part of Troy-based Standard Federal Bank.
The Federal Reserve Board today announced its approval of the application by Huntington Bancshares Incorporated, Columbus, Ohio, to acquire First Michigan Bank Corporation, Holland, Michigan ("FMB"), and thereby acquire FMB's bank and nonbank subsidiaries.
In 2016, it was acquired by Chemical Financial (now TCF Financial Corporation).
Ally Bank. Checking account fees: Starting from $0.Fifth Third Bank. Checking account fees: Starting from $0.PNC Bank. Checking account fees: Starting from $7.Chase Bank. Checking account fees: Starting from $4.95.Citizens Bank. Checking account fees: Starting from $5.Bank of America.Huntington Bank.Flagstar Bank.
Published: Sep. 01, 2016, p.m.
Huntington Bancshares, expanding its presence in Michigan, said today that it had agreed to buy the First Michigan Bank Corporation for $908 million. First Michigan operates 90 branches exclusively in Michigan. It has $3.6 billion in assets.
First National Bank of Michigan is privately owned by area investors who value local decision-making and the ability to help our communities and individuals grow and prosper.
While Chase has the biggest national reach, Huntington Bank outdoes its Michigan numbers with over 330 branches in the Great Lake State. This makes it easy for you to find a branch or ATM no matter where you are in Michigan.