Talmer Bancorp Completes Merger with Chemical Financial Corp

Talmer Bancorp completed its merger with Chemical Financial Corp in 2017. This significant move marked a new chapter for the bank.

The merger created a stronger bank with a broader reach, allowing it to better serve its customers and communities.

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The Talmer Bancorp merger with Chemical Financial Corporation received overwhelming approval from shareholders, with over 99 percent of cast votes in favor of the deal.

Gary Torgow, Chairman of the Talmer Board of Directors, emphasized the company's focus on serving its shareholders and communities. Talmer has delivered significant stock value performance and invested heavily in its communities through jobs, loans, and community initiatives.

The merger is currently valued at approximately $1.4 billion, up from $1.1 billion at the time of the announcement in January 2016.

Talmer shareholders will receive 0.4725 shares of Chemical common stock and $1.61 per share in cash as part of the transaction.

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Talmer Bancorp's shareholders have consistently shown their approval of the company's merger plans. Over 99 percent of shares cast voted in favor of the merger with Chemical Financial Corporation.

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The merger's value has increased significantly, from $1.1 billion to $1.4 billion, since its announcement in January 2016. This increase is a testament to the company's ability to deliver significant stock value performance.

Talmer shareholders will receive a combination of Chemical common stock and cash, with the exact value of the transaction fluctuating based on Chemical's stock price.

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Chemical Financial Corp. has completed its merger with Troy-based Talmer Bancorp Inc. in a cash and stock transaction valued at approximately $1.7 billion.

The merger was completed on August 31, and Chemical Financial Corp. has now become a $17 billion, Midwest-focused institution.

The combined company has $17.2 billion in consolidated assets, $12.7 billion in consolidated loans, and $12.7 billion in consolidated deposits.

Chemical Financial Corp. has expanded its board to 12 directors, welcoming five new members, including Gary Torgow, former chairman of Talmer Bancorp, who will join as chairman.

Gary Torgow succeeds David B. Ramaker, who remains a director as well as CEO and president of Chemical Financial Corp.

Chemical Financial Corp. has also appointed two former Talmer executives to its Executive Management Leadership Committee.

The merger between Talmer Bancorp and Chemical Financial Corp. received overwhelming approval from shareholders, with over 99 percent voting in favor of the deal. This is a significant milestone in the merger process.

Gary Torgow, Chairman of the Talmer Board of Directors, expressed his satisfaction with the outcome, citing Talmer's focus on serving its shareholders and communities. He noted that the company had delivered significant stock value performance and invested heavily in its communities.

The merger is valued at approximately $1.4 billion, up from $1.1 billion at the time of the announcement in January 2016. This increase in value is a testament to the strength of the combined companies.

Talmer shareholders will receive 0.4725 shares of Chemical common stock and $1.61 per share in cash as part of the deal. The value of the transaction will fluctuate based on Chemical's stock price between now and the time of closing.

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