Talmer Secures $174M In Capital For Growth Campaign

Law360, New York (February 27, 2012, 6:13 PM EST) -- Talmer Bancorp Inc. has raised $174 million in additional capital from private investors with a common stock private placement for the Michigan-based community bank, it said Monday.

Talmer, the holding company for Talmer Bank & Trust, said $21 million of the funding has already been completed and that another $153 million has been pledged. Talmer says it will use the money to pursue its growth, either organically or through acquisitions.

"We are delighted to close this capital raise,” Talmer President and CEO David T. Provost said....
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