July 25, 2014
11:49 pm
Listener Club

TALMER SEEKS ADDITIONAL FUNDING WITH IPO


Talmer Bancorp, the holding company for Talmer Bank and Trust and Talmer West Bank, this week, offered the public a chance to buy stock.  Troy-based Talmer Bancorp, which acquired Port Huron-based Citizens First Bank a few years ago, made its trading debut on Wednesday.  Their initial public offering of over 15-million shares of Class A common stock for a public offering was priced at  $13-dollars a share. Talmer banks operate through 94 branches in Michigan, Ohio, Indiana, Wisconsin and other states.  Officials say they're planning to use the proceeds from the public offering to pay off debt.  The stock is now listed on the Nasdaq exchange under the symbol TLMR.  Talmer first began as a single branch bank, back in 2007, and has made great strides in expanding their operations and holdings. 
 
 
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Topics : Business_Finance
Location : IndianaMichiganOhioTroyWisconsin
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