Banking & Finance

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Growth Report 2017: Chemical Bank Achieves Solid First Year in Valley

February 15, 2017
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Editor’s Note: The following story is from Growth Report 2017, published by The Business Journal.

WARREN, Ohio — The 16 offices of Chemical Bank in the Mahoning Valley, formerly Talmer Bank and Trust, posted another year of solid growth and profits, says its regional president, Mark Wenick.

Contributing to that performance is the wealth management division, which grew in 2016.
Among the commercial ventures Chemical Bank is financing, Wenick says, are the DoubleTree by Hilton hotel in the downtown Youngstown and Humtown Products in Columbiana and in World Trade Park outside Leetonia.

Chemical Bank, based in Midland, Mich., came to the Mahoning Valley with the $1.1 billion cash and stock purchase, announced in January 2016, of the former Talmer Bancorp Inc.

Wenick says he’s proud of Chemical Bank’s involvement in the community, such as sponsoring the inaugural Youngstown Marathon, to be run June 4.

“Chemical Bank is excited to play a key role in an event that challenges people to reach new achievements in their lives,” Wenick says. “We are very excited about the enrichment and revitalization opportunities this event will bring to downtown Youngstown.

Another event new to the bank and Ohio is Winter Wishes, Wenick says. “The holiday season may be over,” he says, “but the giving season has just begun at Chemical Bank.”
The 16 offices in Mahoning and Trumbull counties are collecting essential items, including personal hygiene products and socks, (among other items) to donate to local charities to distribute.

Other organizations and causes Chemical Bank supports locally are the United Way, Junior Achievement, 4-H clubs, Habitat for Humanity and the American Cancer Society.
Chemical Bank, with more than $9 billion in assets, is the largest commercial bank headquartered in Michigan. It has 187 offices in 47 counties in that state.

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Published by The Business Journal, Youngstown, Ohio.