Keefe, Bruyette & Woods Upgrades Talmer Bancorp (TLMR) to Outperform

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Chemical Financial Corporation to Partner With Talmer Bancorp, Inc.

January 26, 2016 7:45 AM EST

Transformational strategic merger will create $16 billion-asset community bankEnhances preeminent Michigan-based retail banking franchise into Detroit MSA with strong southeast Michigan and northern Ohio franchiseAdds approximately $6.6 billion in assets, $5.0 billion in deposits, and $4.8 billion in loansWill create largest Michigan-headquartered bank while adding attractive contiguous out of state markets Results in estimated 8% EPS accretion for Chemical in first full yearResults in an estimated 3.25-years tangible book value earn backCombined company will donate $4.8 million to the Community Foundation of Southeast Michigans Talmer / Chemical Donor... More