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Chemical Bank
Type
Public
Traded as NASDAQ: CHFC
S&P 400 Component
Industry Finance
Founded 1917
Headquarters Midland, MI, United States
Key people
Mr. Thomas C. Shafer, President and CEO, Chemical Bank; Vice Chairman, Chemical Financial Corporation
Products Financial Services
Commercial banking
Private Banking
Wealth Management
Website www.chemicalbank.com

Chemical Bank is a Michigan-based bank headquartered in Midland, Michigan. It is the wholly owned subsidiary of Chemical Financial Corporation, and has 249 offices. It is Michigan's largest bank.

Chemical Financial Corporation ("Chemical") is the largest banking company headquartered and operating branch offices in Michigan. Chemical operates through its subsidiary bank, Chemical Bank with 249 banking centers in Michigan, Northeast Ohio, and Northern Indiana. At June 30, 2017, Chemical had total assets of $18.78 billion. Chemical Financial Corporation's common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issues comprising The NASDAQ Global Select Market.

The current CEO of Chemical Financial Corporation is David T. Provost. Chemical Bank has received an "outstanding" CRA rating from the Federal Reserve Bank of Chicago.

On March 11, 2014, the boards of directors of Chemical Financial Corporation (Nasdaq: CHFC), the holding company for Chemical Bank, and Northwestern Bancorp, Inc., the holding company for Northwestern Bank, announced the execution of a definitive agreement for Chemical Financial Corporation ("Chemical") to partner with Northwestern Bancorp, Inc. (“Northwestern"). The acquisition was expected to complete sometime in the third quarter. With the partnership with Northwestern and its 25 branches across 11 northwestern Michigan counties it is anticipated that Chemical Bank will have the largest retail branch delivery network (ranked by number of branch locations) outside of the Detroit MSA of any financial institution operating in Michigan. The acquisition of Northwestern was completed on October 31, 2014.

In January 2016 it was announced that Chemical Bank had acquired Talmer Bancorp of Troy, Michigan, subject to regulatory approval. The merger was completed on August 31, 2016.

Chemical State Savings Bank was founded in 1917 and the bank celebrated its 100th anniversary in 2017.

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.

Chemical Bank and Trust Company changed its name to Chemical Bank in 1973 to reflect that their trust activities were only one part of the total business.



News

Chemical Financial Corporation (financial)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2019 2020-01-27 Future report Set alerts
Q3 2019 2019-10-21 Future report Set alerts
Q2 2019 2019-07-24 0.96 0.96
Q1 2019 2019-04-23 0.87 0.87
Q4 2018 2019-01-28 1.01 1.01
Q3 2018 2018-10-23 0.98 0.98
Q2 2018 2018-07-24 0.96 0.96
Q1 2018 2018-04-24 0.97 0.99
Q4 2017 2018-01-23 0.85 0.13
Q3 2017 2017-10-24 0.56 0.56

Ratings

2016-06-07 Reiterated Rating Boenning Scattergood Neutral
2016-03-02 Initiated Coverage Raymond James Strong-Buy $42.00
2016-03-02 Initiated Coverage Raymond James Financial Inc. Strong-Buy $42.00
2016-03-01 Initiated Coverage Hilliard Lyons Buy
2016-02-29 Downgrade FIG Partners Outperform to Market Perform $37.00
2016-01-29 Upgrade FIG Partners Market Perform to Outperform $37.00
2016-01-28 Upgrade Sandler O'Neill Hold to Buy
2016-01-27 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $37.00 to $39.00
2015-01-08 Boost Price Target Keefe, Bruyette & Woods Market Perform $33.00 to $35.00
2014-03-12 Boost Price Target Keefe, Bruyette & Woods $31.00 to $33.00
2013-09-16 Boost Price Target Keefe, Bruyette & Woods Market Perform $28.00 to $29.00
2008-11-19 Initiated Keefe Bruyette Mkt Perform
2007-06-27 Upgrade Boenning & Scattergood Market Underperform to Market Perform
2016-06-07 Reiterated Rating Boenning Scattergood Neutral
2016-03-02 Initiated Coverage Raymond James Strong-Buy $42.00
2016-03-02 Initiated Coverage Raymond James Financial Inc. Strong-Buy $42.00
2016-03-01 Initiated Coverage Hilliard Lyons Buy
2016-02-29 Downgrade FIG Partners Outperform to Market Perform $37.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
RAMAKER DAVID B Chairman, President & CEO 0.31%  (100566) CHFC /
Provost David T 0.29%  (93719) CHFC / TLMR /
TORGOW GARY 0.28%  (92663) CHFC / TLMR /
KOHN THOMAS W Officer of Principal Bus. Unit 0.15%  (48356) CHFC /
KLAESER DENNIS L Executive V.P., C.F.O. 0.14%  (46289) CHFC / TLMR /
GWIZDALA LORI A Executive VP, CFO & Treasurer 0.14%  (45627) CHFC /
Linebaugh Karl Officer of Principal Bus. Unit 0.12%  (38801) CHFC /
SHAFER THOMAS C Officer of Principal Bus. Unit 0.07%  (23555) CHFC / TLMR /
TOMCZYK JAMES E Officer of Principal Bus. Unit 0.07%  (23472) CHFC /
Anderson Gary E 0.07%  (21800) CHFC / EMN /
Lievense Richard M. 0.06%  (20000) CHFC /
Fitterling James R 0.06%  (18414) CHFC / DOW /
MOORE TERENCE F 0.05%  (17527) CHFC /
Monastiere Dominic Officer of Principal Bus. Unit 0.05%  (16542) CHFC /
WEISS ARTHUR A 0.05%  (16433) CHFC / SUI / TLMR /
KLEIN RONALD A 0.04%  (14205) CHFC / SUI / TLMR /
Stauffer Larry D 0.04%  (14052) CHFC /
Rathbun Robert Officer of Principal Bus. Unit 0.04%  (13549) CHFC /
MAHONE BARBARA J 0.04%  (13278) CHFC / TLMR /
Collins William C Exec V.P., Gen. Counsel & Secy 0.04%  (13150) CHFC /
JOHNSON KENNETH WILLIAM Officer of Principal Bus. Unit 0.04%  (12097) CHFC /
Amat Leonardo Officer of Princ. Bus. Unit 0.04%  (11482) CHFC /
Kerber Lynn Officer of Principal Bus. Unit 0.03%  (11202) CHFC /
Kuohn Sandra D. Officer of Principal Bus. Unit 0.03%  (10574) CHFC /
MEYER JAMES B 0.02%  (8158) CHFC /
HUFF THOMAS T 0.02%  (7687) CHFC /
Kessler John E Officer of Principal Bus. Unit 0.02%  (6662) CHFC /
TERPSMA DANIEL W Officer of Principal Bus. Unit 0.02%  (5818) CHFC /
REGAN TIMOTHY D Officer of Principal Bus. Unit 0.01%  (4466) CHFC /
McAvoy Donna Officer of Principal Bus. Unit 0.01%  (1891) CHFC /

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