This story updates a story published Friday. One of the Ann Arbor area’s largest community banks now faces a sale or merger as federal and state regulators step up their efforts to correct what a consent order calls “unsound banking practices.” Michigan Commerce Bank - a collective of 11 banks ...
Michigan Commerce Bank - a collective of 11 banks reorganized in 2009 under the charter of Ann Arbor Commerce Bank - is now operating under a consent order to correct “unsound banking practices.” Among the requirements issued by federal and state banking regulators: The bank must plan to sell itself ...
The closure of Colonial Bank in Alabama this month may seem far away, but it and similar bank failures are burdening the national deposit insurance system to the point that local banks' earnings are being significantly impacted by increased premiums. Given a recent report that the Federal Deposit Insurance Corp. ...
Angela J. Cesere | AnnArbor.com AnnArbor.com's partner news site MLive.com is on a quest to find the best barbecue in ......
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