Republic gained branch assets and $7 million in deposits withthe purchase. The sales price was not disclosed.
The third largest bank-holding company based in Michigan,Republic Bancorp serves customers through its Republic Banksubsidiary at offices in Michigan, Ohio and Indiana. Thebank-holding company is headquartered in Ann Arbor, but executiveshave offices in ShiawasseeCounty's Caledonia Township. RepublicBank's retail banking operations are based in Lansing.
Chemical Bank is part of Chemical Financial Corp., the fourthlargest bank-holding company based in Michigan.
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