| ChemicalBankLogo.PNG | |
| Type | Public (NASDAQ: CHFC) |
|---|---|
| Founded | 1871 |
| Headquarters | |
| Key people | David B. Ramaker, Chairman, President
& CEO
Lori A. Gwizdala, CFO>[1] |
| Industry | Finance |
| Products | Financial Services |
| Employees | -- |
| Website | www.chemicalbankmi.com |
Chemical Bank (NASDAQ: CHFC) is a Michigan-based bank headquartered in Midland, Michigan. It is the wholly-owned subsidiary of Chemical Financial Corporation, and has 129 offices in Michigan's lower peninsula. It is Michigan's third largest bank holding company (Citizens Republic Bancorp is the largest and Independent Bank Corporation is the second).
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Chemical State Savings Bank was founded in 1871.
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.[2]
Chemical Bank and Trust Company changed its' name to Chemical Bank in 1973 to reflect that their trust activities were only a small part of total business.[3]
The bank's structure was changed in 2005 when Chemical Financial Corporation was founded as the bank holding company for a number of subsidiary banks.[4]
In 2008, Chemical Bank adopted Dollar The Squirrel as their company mascot. Dollar appears at company funded events around the state.
The current CEO is David B. Ramaker. Chemical Bank has received a "outstanding" CRA rating from the Federal Reserve Bank of Chicago.
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