April 20, 2015
Federal Reserve Board announces approval of applications by Chemical Financial Corporation
For release at 5:00 p.m. EDT
The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by Chemical Financial Corporation, Midland, to merge with Lake Michigan Financial Corporation, Holland, and thereby indirectly acquire its wholly owned subsidiaries, The Bank of Holland, Holland, and The Bank of Northern Michigan, Petoskey, all of Michigan.
The Board also approved the applications, under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act, by Chemical Bank, Midland, Michigan, to merge with The Bank of Holland and The Bank of Northern Michigan and to establish and operate branches at the locations of the main offices and branches of The Bank of Holland and The Bank of Northern Michigan.
Attached is the Board's order relating to these actions.
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