Chemical Bank is a Michigan

Michigan

Michigan is a U.S. state located in the Great Lakes Region of the United States of America. The name Michigan is the French form of the Ojibwa word mishigamaa, meaning "large water" or "large lake"....

-based bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 headquartered in Midland, Michigan

Midland, Michigan

Midland is a city in the U.S. state of Michigan in the Tri-Cities region of the state. It is the county seat of Midland County. The city's population was 41,863 as of the 2010 census. It is the principal city of the Midland Micropolitan Statistical Area....

. It is the wholly owned subsidiary of Chemical Financial Corporation, and has 142 offices in Michigan's lower peninsula. It is Michigan's third largest bank holding company (Citizens Republic Bancorp is the largest and Independent Bank

Independent bank

Independent Bank of Ionia, Michigan was founded in 1864 as First National Bank of Ionia with an original capital of US$50,000. Through the years, the bank opened and acquired new offices across the state of Michigan...

 is the second).

History

Chemical State Savings Bank was founded in 1917.

The headquarters of Chemical Bank was the site of Tony Chebatoris

Tony Chebatoris

Anthony Chebatoris , was the only person executed for a capital crime in Michigan since it became a state in 1837. He was tried and executed by the federal authorities...

' infamous bank robbery

Bank robbery

Bank robbery is the crime of stealing from a bank during opening hours. According to the Federal Bureau of Investigation's Uniform Crime Reporting Program, robbery is "the taking or attempting to take anything of value from the care, custody, or control of a person or persons by force or threat of...

 in 1937, which ultimately ended in Chebatoris being the only man receiving the death penalty in the state of Michigan.

Chemical Bank and Trust Company changed its name to Chemical Bank in 1973 to reflect that their trust activities were only a small part of total business.

Dollar The Squirrel

In 2008, Chemical Bank adopted Dollar The Squirrel as their company mascot. Dollar appears at company funded events around the state.

Currently

The current CEO is David B. Ramaker. Chemical Bank has received a "outstanding" CRA

Community Reinvestment Act

The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods...

 rating from the Federal Reserve Bank of Chicago

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of twelve regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation's central bank....

.