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November 26, 2015 9:55 AM ET


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





Key Executives for Talmer Bank and Trust

Chairman, Chief Executive Officer and Chief Executive Officer of Talmer Bancorp Inc
Age: 61
Vice Chairman, President and Chief Operating Officer of Talmer Bancorp Inc.
Age: 56
Chief Financial Officer and Executive Managing Director
Age: 57
Chief Operating Officer and Executive Managing Director
Vice Chairman, Chief Executive Officer of Talmer West Bank and President of Talmer West Bank
Age: 56
Compensation as of Fiscal Year 2015.

Talmer Bank and Trust Key Developments

David G. Leitch Resigns as Director of Talmer Bancorp, Inc. and Talmer Bancorp, Inc

On November 11, 2015, David G. Leitch resigned as a director of Talmer Bancorp, Inc. and its subsidiary, Talmer Bank and Trust. Mr. Leitch resigned from the company's and the Bank's boards of directors as a result of his recent appointment to serve as Global General Counsel of Bank of America Corporation. Mr. Leitch's decision did not involve a disagreement with the Company on any matter relating to the company's operations, policies or practices.

Talmer Bancorp, Inc. and Talmer Bank and Trust Announces Resignation of Denny Kim, Director

On August 25, 2015, Talmer Bancorp, Inc. entered into an underwriting agreement by and among Keefe Bruyette & Woods, Inc., WLR Recovery Fund IV, L.P. and WLR IV Parallel ESC, L.P. (together, the selling shareholders) relating to an underwritten secondary public offering of 9,664,579 shares of class A common stock, par value $1.00 per share, sold by the selling shareholders. Following the closing of the offering described above, the selling shareholders fully divested their ownership in its common stock. As a result, effective August 31, 2015, Mr. Kim resigned from its board of directors and the board of directors of Talmer Bank and Trust. As a result of Mr. Kim’s resignation, the size of board of directors was reduced from 14 members to 13 members.

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.

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