Largest Banks and Thrifts in Metro Detroit

Ranked by 2022 Assets
205
Flagstar Bank Headquarters, Troy
Flagstar Bank Headquarters, Troy

1. HUNTINGTON BANK*
6412 Woodward Ave.
Detroit
866-258-1807
tcfbank.com
Top Local Executive: Sandy Pierce, Chair of Michigan
Assets 2022: $183B
Assets 2021: $173.4B
Net Income 2022: $1.45B
Net Income 2021: $1.5B
Total Loans 2022: $119B
Total Loans 2021: $111.4B
*Numbers are national figures.

2. FLAGSTAR BANK**
5151 Corporate Dr.
Troy
248-312-2000
flagstar.com
Top Local Executive: Lee Smith, Senior Executive Vice President of Mortgage
Assets 2022: $90B
Assets 2021: $25.5B
Net Income 2022: $650M
Net Income 2021: $533M
Total Loans 2022: $69B
Total Loans 2021: $20B
**2022 figures are a combination of Flagstar and New York Community Bancorp.

3. COMERICA BANK***
411 W. Lafayette Blvd.
Detroit
313-222-4000
comerica.com
Top Local Executive: Steve Davis, Michigan Market President
Assets 2022: $85.5B
Assets 2021: $12.3B
Net Income 2020: $1.14B
Net Income 2021: $336.5M
Total Loans 2020 (FY average): $52.7B
Total Loans 2021 (FY average): $11.4B
***2022 numbers are national figures.

4. FIRST MERCHANT BANK (FORMERLY LEVEL ONE BANK)
Sold to First Merchants Corp. of Muncie, Ind., April 1, 2022
32991 Hamilton Court
Farmington Hills
800-205-3565
levelonebank.com
Top Local Executive: Terri Cable, Regional President
Assets 2022: $17.9B
Assets 2021: $15.5B
Net Income 2022: $220.7M
Net Income 2021: $205.5M
Total Loans 2022: $12B
Total Loans 2021: $9.3B

5. BANK OF ANN ARBOR
125 S. Fifth Ave.
Ann Arbor
734-662-1600
bankofannarbor.com
Top Local Executive: Tim Marshall, President & CEO
Assets 2022: $3.01B
Assets 2021: $3.3B
Net Income 2022: $48.5M
Net Income 2021: $38.3M
Total Loans 2022: $1.8B
Total Loans 2021: $2.2B

6. STERLING BANK AND TRUST
One Towne Square, Ste. 1900
Southfield
248-355-2400
sterlingbank.com
Top Local Executive: Thomas M. O’Brien, Chairman, President & CEO
Assets 2022: $2.4B
Assets 2021: $2.87B
Net Income 2022: $13.1M
Net Income 2021: $7.6M
Total Loans 2022: $1.62B
Total Loans 2021: $1.65B

7. CHOICEONE BANK
109 E. Division St.
Sparta
616-205-0321
choiceone.com
Top Local Executive: Kelly J. Potes, CEO
Assets 2022: $2.3B
Assets 2021: $2.3B
Net Income 2022: $6B
Net Income 2021: $22M
Total Loans 2022: $25.2M
Total Loans 2021: $1.06B

8. FIRST STATE BANK
24300 Little Mack Ave.
St. Clair Shores
586-775-5000
fsb.bank
Top Local Executive: Gene Lovell, President & CEO
Assets 2022: $957.9M
Assets 2021: $937.2M
Net Income 2022:$10M
Net Income 2021: $5.4M
Total Loans 2022: $612.4M
Total Loans 2021: $474M

9. OXFORD BANK
60 S. Washington St.
Oxford
248-628-2533
oxfordbank.com
Top Local Executive: David Lamb, President & CEO
Assets 2022: $792.5M
Assets 2021: $750.7M
Net Income 2022: $9.5M
Net Income 2021: $10.5M
Total Loans 2022: $445.1M
Total Loans 2021: $411.1M

10. UNIVERSITY BANK
2015 Washtenaw Ave.
Ann Arbor
734-741-5858
university-bank.com
Top Local Executive: Stephen L. Ranzini, President & CEO
Assets 2022: $781.5M
Assets 2021: $488.4M
Net Income 2022: $4.73M
Net Income 2021: $28.2M
Total Loans 2022: $625.7M
Total Loans 2021: $331.9M

11. CHELSEA STATE BANK
1010 S. Main St.
Chelsea
734-475-1355
chelseastate.bank
Top Local Executive: Joanne Rau, President & CEO
Assets 2022: $424.4M
Assets 2021: $438.4M
Net Income 2022: $6.6M
Net Income 2021: $6M
Total Loans 2022: $219.9M
Total Loans 2021: $208.5M

12. FIRST INDEPENDENCE BANK
7310 Woodward Ave., Ste. 101
Detroit
313-256-8400
firstindependence.com
Top Local Executive: Kenneth Kelly, Chairman & CEO
Assets 2022: $468.4M
Assets 2021: $412.3M
Net Income 2022: $1.3M
Net Income 2021: $2.6M
Total Loans 2022: $266.1M
Total Loans 2021: $186.2M

13. DEARBORN FEDERAL SAVINGS BANK
22315 Michigan Ave.
Dearborn
313-565-3100
mydfsb.com
Top Local Executive: William R. White, Chairman and President
Assets 2022: $270M
Assets 2021: $865M
Net Income 2022: $272M
Net Income 2021: $131M
Total Loans 2022: $190M
Total Loans 2021: $184.2M

14. HURON VALLEY STATE BANK
130 S. Milford Rd.
Milford
248-684-9626
hvsb.com
Top Local Executive: Jack Shubitowski, President & CEO
Assets 2022: $228.1M
Assets 2021: $237.1M
Net Income 2022: $2M
Net Income 2021: $2M
Total Loans 2022: $150.1M
Total Loans 2021: $137.7M

15. MI BANK
3707 W. Maple Rd., Ste. 100
Bloomfield Township
855-642-2651
mi.bank
Top Local Executive: Rob Farr, Chairman & CEO
Assets 2022: $213.7M
Assets 2021: $188.2M
Net Income 2022: $262M
Net Income 2021: $289M
Total Loans 2022: $142.1M
Total Loans 2021: $111.3M

Total financial results are listed for banks headquartered in Wayne, Oakland, Macomb, Livingston, and Washtenaw counties. For banks headquartered outside this area, local results only are provided. Many national banks do not release results for individual markets; therefore, major institutions aren’t included on this list. Total loans also account for leases.

Sources: Federal Deposit Insurance Corp., DBusiness research