Martiny, Krista, Chemical Bank, PO Box BR, , [email protected]office-com.us Maynard, Sonja, Independent Bank, 6 E. Main Fremont. banking relationship. Chemical Bank. N. Eaton Street. Albion, MI Phone () office-com.us First Merit Bank. Logon App URL. Class. City. State. Country. Banking. office-com.us · office-com.us?
Www chemicalbankmi com banking -
We are delighted to welcome Monarch's customers and Rick DeVries and his talented team of colleagues to the Chemical family," said David B. Monarch Community Bank will be operated as a separate subsidiary of Chemical until its planned consolidation with and into Chemical Bank. The consolidation is scheduled to occur in May , concurrently with the conversion of Monarch's data processing platform to Chemical's platform. Following the consolidation and the data processing platform conversion, all Monarch Community Bank locations will operate under the Chemical Bank name.
About Chemical Financial Corporation Chemical Financial Corporation is the second largest banking company headquartered and operating branch offices in Michigan.
More information about Chemical is available by visiting the investor relations section of its website at www. Forward-Looking Statements This report contains forward-looking statements regarding Chemical's outlook or expectations with respect to the acquisition of Monarch. Words and phrases such as "expects," "planned," "scheduled," "strategic," "will" and variations of such words and phrases or similar expressions are intended to identify such forward-looking statements. Such statements are based upon current beliefs and expectations and involve substantial risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements.
These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions "risk factors" that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence.
Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements. Chemical undertakes no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events or otherwise. Risk factors relating to both the transaction and the integration of Monarch into Chemical after closing include, without limitation: The transaction may be more expensive to complete and the anticipated benefits, including anticipated cost savings and strategic gains, may be significantly harder or take longer to achieve than expected or may not be achieved in their entirety as a result of unexpected factors or events.
The integration of Monarch's business and operations into Chemical, which will include conversion of Monarch's operating systems and procedures, may take longer than anticipated or be more costly than anticipated or have unanticipated adverse results relating to Monarch's or Chemical's existing businesses.
Chemical's ability to achieve anticipated results from the transaction is dependent on the state of the economic and financial markets going forward. Specifically, Chemical may incur more credit losses from Monarch's loan portfolio than expected and deposit attrition may be greater than expected. These and other factors are representative of the risk factors that may emerge and could cause a difference between an ultimate actual outcome and a preceding forward-looking statement.
For further information: David B.Words such as "anticipated," "estimated," "expected," "projected," "assumed," "approximately," "continued," "should," "will" and www chemicalbankmi com banking of such words and similar expressions are intended to identify such forward-looking statements. Conclusion Chemical Bank has been providing Michigan with the best banking solutions for some time now. Lori A. A copy of the slide-show www chemicalbankmi com banking and an audio replay of the call will remain available on Chemical Financial Corporation's website for at least 14 days. On a pro forma basis, Chemical Bank will become the seventh largest institution in Michigan overall ranked by deposit market share at June 30, ; the largest Michigan-headquartered financial institution based on total deposits; and the second largest institution in the Traverse City MSA.
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