Top Largest Banks in Michigan

The top largest banks in Michigan include Flagstar Bank, Citizens Republic Bancorp, Inc., Chemical Bank, Macatawa Bank, among others.

Flagstar Bancorp, the holding company of Flagstar Bank, is the largest savings bank headquartered in the Midwest, with $16.4 billion in total assets at June 30, 2009. Flagstar offers a broad range of products and services for consumers and businesses, all delivered with award-winning service. At June 30, 2009, Flagstar operated 175 banking centers in Michigan, Indiana and Georgia and 45 home loan centers in 18 states. Flagstar Bank received the highest numerical score among retail banks in the North Central region in the proprietary J.D. Power and Associates 2010 Retail Banking Satisfaction Study.

Citizens Republic Bancorp, Inc. (known as Citizens Bank) is the largest bank holding company headquartered in Michigan. It offers banking products and services to consumers, businesses, and non-profits including the latest technology in banking tools.

Chemical Bank is the second largest bank headquartered in Michigan, with assets of $5.25 billion as of December 31, 2010. It provides individuals with an array of expertise that spans business, personal and investment services.

Macatawa Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation. It has been awarded the prestigious American Bankers Association (ABA) Community Bank Award, which recognizes community banks’ exceptional charitable commitments. Macatawa Bank was honored with a 2010 ABA Community Bank Award in the category of Improving Financial Literacy for the bank’s innovative partnership with Dave Ramsey.

* Next: Largest Banks in Massachusetts