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Billionaire's Michigan bank entering Chicago market

from Crain's Chicago Business

An acquisitive Michigan-based bank owned by a group led by billionaire Wilbur Ross is elbowing into the Chicago market with dealmaking on its mind. Troy, Mich.-based Talmer Bank & Trust has opened its first full-service branch in Chicago. The $4.5 billion-asset bank is led in Illinois by Hugh McLean, a longtime executive at PrivateBancorp Inc. when it was run by co-founder Ralph Mandell. more


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