(AREA) — Chemical Bank and Talmer Bank have announced a merger that will make the combined banks one of Michigan’s largest. Under terms of the merger, which is subject to federal banking approval, Chemical Bank with assets of over $9 billion will acquire Talmer Bank’s assets which total $6.5 billion. There are currently 188 Chemical Bank branches in Michigan, as well as northeast Ohio, including offices in Marlette, Cass City, and Bad Axe. Talmer Bank has 81 branches, 51 in Michigan and 27 in northeastern Ohio. Locally, there are Talmer offices in Sandusky, Port Huron, Lexington, Harbor Beach, Bad Axe, Port Hope, and Sebewaing. Just last year, Talmer Bank acquired the Signature Bank locations in the Thumb area. All offices will operate under the Chemical Bank name when the deal closes, likely in the second half of the year.
