December 18, 2014 11:03 PM ET

Banks

Company Overview of Talmer Bank and Trust

Company Overview

Talmer Bank and Trust provides financial services for individuals and businesses in the Midwest. It offers personal deposits, including checking accounts, savings accounts, and certificates of deposit; auto, recreational, home equity, and home loans; and personal services, such as ATM and debit cards, check reorders, consumer credit cards, and Visa gift cards, as well as online banking and bill payment, overdraft protection, and telephone banking services. The company also provides business deposits comprising business, iBusiness, and commercial checking accounts, as well as savings accounts and certificates of deposit; lines of credit, term loans, letters of credit, commercial real estate l...

2301 West Big Beaver Road

Suite 525

Troy, MI 48084

United States

Founded in 2007

Phone:

248-649-2301

Fax:

248-649-2305

Key Executives for Talmer Bank and Trust

Chairman
Age: 60
Vice Chairman
Age: 55
Chief Financial Officer
Age: 56
Chief Operating Officer and Executive Managing Director
Vice Chairman
Age: 55
Compensation as of Fiscal Year 2014.

Talmer Bank and Trust Key Developments

Talmer Bancorp, Inc. and Talmer Bank and Trust Announce Board Changes

On November 21, 2014, Wilbur L. Ross, Jr. resigned as a director of Talmer Bancorp, Inc. and Talmer Bank and Trust. Mr. Ross resigned from the company’s and the Bank’s Boards of Directors following his recent appointment to serve as Vice Chairman of Bank of Cyprus, as a result of new regulatory restrictions in the European Union which limit the number of directorships a bank officer may hold. The company’s Board of Directors is scheduled to meet in December 2014 to address the vacancy resulting from Mr. Ross’ resignation. Pursuant to the subscription agreement, the WL Ross Funds intend to designate Denny Kim as their new director representative at that time. Mr. Kim is a Vice President at WL Ross & Co. LLC and has worked closely with team since the WL Ross Funds’ initial investment in the Company.

Talmer Bank and Trust Names Thomas Shafer as President

Thomas Shafer has been named as president of Talmer Bank and Trust. Shafer joined Talmer in 2010 and most recently served as president and CEO of First Place Bank. Upon Shafer's appointment, David Provost will no longer serve as president of Talmer Bank and Trust. Provost will continue to serve as president and CEO of Talmer Bancorp, and chairman and CEO of Talmer Bank and Trust. In addition, the company announced that, effectively immediately, Gary Collins will be focusing his efforts as ice chairman of the company and Talmer Bank and Trust, and as president and CEO of Talmer West Bank.

Talmer Bank and Trust Names Louise O'Connell as Managing Director, Internal Audit

Talmer Bank and Trust, a subsidiary of Talmer Bancorp Inc. announced that it has named Louise O'Connell as Managing Director, Internal Audit. O'Connell will be responsible for internal audit. O'Connell joins Talmer Bank and Trust with nearly 30 years of experience in auditing. She started her career with the U.S. General Accountability Office before moving into the banking field where she served as Michigan Region Audit Manager and Senior Vice President for ABN AMRO/LaSalle Bank. She also served as General Auditor and Audit Director for Citizens Republic Bancorp before moving to Flagstar Bank where she was the Compliance Operations Manager.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 22, 2014
Talmer Bank and Trust, 30-Acre Site in the Village of Walworth
Merger/Acquisition
April 9, 2014
Talmer Bank and Trust, 11 Branch Offices in Wisconsin
Bankruptcy
April 1, 2014
SMHC LLC
 

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