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Old Posted Jan 28, 2019, 8:00 PM
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The end of the article also mentions that there could possibly be another acquisition in 2020. The rumor is Chemical was looking to acquire Flagstar which is currently headquartered in Troy. Being that this is just a rumor and there's no telling whether this was a possibility before or after the merger with TCF, at the very least this means the new Chemical/TCF Bank will have a lot of buying power and could possibly acquire a bank from whatever state they're looking to expand in to.

They're going to need a way bigger tower if they want to stay in Detroit and make any acquisitions in the near future. I don't know if they'll have to find a new site to be able to expand the footprint of their building, but even so there's less than a handful of sizable parking lots they could develop that aren't already owned by Dan Gilbert. It'll be interesting to see how this plays out.