First Michigan Bancorp has changed the name of its bank to reflect its growing geography across the Midwest.
The company on Monday said it had renamed the unit Talmer Bank and Trust. The new name pays homage to the grandfathers of bank founders Gary Torgow and David Provost. The unit has grown rapidly, expanding from $75 million in assets in early 2010 to almost $2 billion of assets.
In November, it bought the failed First Banking Center in Burlington, Wis., from the Federal Deposit Insurance Corp. Since then, the bank had been considering a new name to reflect operations that have expanded beyond Michigan.
