-
The $4.7 billion-asset company and certain investors are planning to raise up to $230 million through an initial public offering.
January 10 -
The Troy, Mich., bank's agreement to buy the four remaining bank units of Capitol Bancorp in a bankruptcy auction would strengthen its Midwestern profile, but it has to accept two far-flung units and navigate some tricky regulatory issues to get the deal done.
October 15
Talmer Bancorp in Troy, Mich., expects to raise $42.5 million in its initial public offering.
The $4.7 billion-asset Talmer is selling 15.6 million shares of common stock at $13 per share, according to a Tuesday press release. The company's selling shareholders will also give underwriters a 30-day option to purchase up to an additional 2.3 million shares to cover possible over-allotments. The offering is expected to close on Feb. 14.
Talmer's common stock began trading on the Nasdaq Wednesday under the symbol "TLMR".
Keefe, Bruyette & Woods and J.P. Morgan Securities acted as joint book-running managers for the initial public offering. Raymond James & Associates, RBC Capital Markets and Sterne, Agee & Leach are acting as co-lead managers and Sandler O'Neill & Partners is acting as co-manager for the initial public offering.
Talmer has 94 branches in Michigan, Ohio, Indiana, Wisconsin, Illinois, Nevada and New Mexico and 11 lending offices. The company
