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Sep 2016
01
September 01, 2016

Chemical Financial Corporation Completes Merger with Talmer Bancorp, Inc.


Warner Norcross & Judd LLP is representing Chemical Financial Corporation, the holding company for Chemical Bank, in its merger with Talmer Bancorp, Inc., the holding company for Talmer Bank and Trust. The merger is a cash and stock transaction valued at approximately $1.7 billion and closed on August 31, 2016.  

After the merger, Chemical Bank and its affiliates had, on a pro forma basis as of June 30, 2016, $17.2 billion in consolidated assets, $12.7 billion in consolidated loans and $12.7 billion in consolidated deposits. With 262 locations across Michigan, Ohio and other states, Chemical Financial Corporation is the largest banking company headquartered and operating branch offices in Michigan.

Talmer Bank and Trust will continue to operate as a separate subsidiary of Chemical Financial Corporation until it consolidates with and into Chemical Bank, which is scheduled in the fourth quarter of 2016.

The Warner Norcross transaction team is led by Jeffrey Ott and Charlie Goode. The team also includes Partners Scott Hubbard, Matthew Johnson, Anthony Kolenic Jr., Stephen Kretschman, Norbert Kugele, Rodney Martin, James Rabaut, Justin Stemple, Karen VanderWerff and Associates Emily Cantor and Corinne Sprague.

Read the full press release here.

Warner Norcross & Judd Mergers and Acquisitions (M&A) Group

As part of one of the largest and most successful law firms in Michigan, the Warner Norcross M&A group draws upon more than 85 years of experience to successfully and efficiently handle a wide range of M&A transactions for both private and publicly traded businesses, including mergers, acquisitions, divestitures, joint ventures and strategic business combinations of all types.

Warner Norcross & Judd LLP has been ranked as one of the “Best Law Firms” by Best Lawyers and U.S. News & World Report, as one of the leading law firms in Michigan by Chambers USA and our M&A attorneys have been deemed “Super Lawyers” by Michigan Super Lawyers Magazine year after year.
 

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