Largest Banks and Thrifts in Metro Detroit 2020

Ranked by 2019 Assets
74
money
Stock photo

1. TCF BANK (Merged with Chemical Bank in 2019)
333 W. Fort St.
Detroit 48226
866-258-1807
tcfbank.com
Top Local Executive: Craig R. Dahl, president/CEO
Assets 2019: $46.7B
Assets 2018: NA
Net Income 2019: $2.3B
Net Income 2018: NA
Total Loans 2019: $34B
Total Loans 2018: NA

2. FLAGSTAR BANK
5151 Corporate Dr.
Troy 48098
248-312-2000
flagstar.com
Top Local Executive: Alessandro P. DiNello, president/CEO
Assets 2019: $23.3B
Assets 2018: $18.5B
Net Income 2019: $242M
Net Income 2018: $212M
Total Loans 2019: $18.1B
Total Loans 2018: $13.3B

3. COMERICA BANK
411 W. Lafayette Blvd.
Detroit 48226
313-222-4000
comerica.com
Top Local Executive: Michael T. Ritchie, Michigan market president
Assets 2019 (FY average): $13.2B
Assets 2018 (FY average): $13.2B
Net Income 2019: $369M
Net Income 2018: $326M
Total Loans 2019 (FY average): $12.6B
Total Loans 2018 (FY average): $12.5B
(These figures reflect Comerica’s Michigan banks.)

4. STERLING BANK AND TRUST
One Towne Square, Ste. 1900
Southfield 48076
248-355-2400
sterlingbank.com
Top Local Executive: Steve Huber, CFO, interim president/CEO
Assets 2019: $3.3B
Assets 2018: $3.2B
Net Income 2019: $60.9M
Net Income 2018: $67.9M
Total Loans 2019: $2.9B
Total Loans 2018: $2.9B

5. BANK OF ANN ARBOR
125 S. Fifth Ave.
Ann Arbor 48017
734-662-1600
bankofannarbor.com
Top Local Executive: Timothy G. Marshall, president/CEO
Assets 2019: $1.8B
Assets 2018: $1.7B
Net Income 2019: $32.9M
Net Income 2018: $30.7M
Total Loans 2019: $1.4B
Total Loans 2018: $1.3B

6. LEVEL ONE BANK
32991 Hamilton Court
Farmington Hills 48334
248-737-0300
levelonebank.com
Top Local Executive: Patrick J. Fehring, chairman/president/CEO
Assets 2019: $1.6B
Assets 2018: $1.4B
Net Income 2019:  $17.1M
Net Income 2018: $14.4M
Total Loans 2019: $1.2B
Total Loans 2018: $1.1B

7. FIRST STATE BANK
16100 Nine Mile Rd.
Eastpointe 48021
586-775-5000
thefsb.com
Top Local Executive: Gene Lovell, president/CEO
Assets 2019: $772.1M
Assets 2018: $711.7M
Net Income 2019: $8.1M
Net Income 2018: $7.7M
Total Loans 2019: $531M
Total Loans 2018: $520M

8. LAKESTONE BANK AND TRUST (Merged with ChoiceOne Bank in 2020)
83 West Nepessing St.
Lapeer 48446
810-395-4313
choiceone.com
Top Local Executive: Michael Burke Jr., CEO
Assets 2019: $669.2M
Assets 2018: $616.2M
Net Income 2019: $7.92M
Net Income 2018: $7M
Total Loans 2019: $425M
Total Loans 2018: $362.2M

9. OXFORD BANK
60 S. Washington St.
Oxford 48371
248-628-2533
oxfordbank.com
Top Local Executive: David Lamb, president/CEO
Assets 2019: $505.3M
Assets 2018: $457.4M
Net Income 2019: $5.36M
Net Income 2018: $4.08M
Total Loans 2019: $338.1M
Total Loans 2018: $319.4M

10. FIRST NATIONAL BANK IN HOWELL
101 East Grand River Ave.
Howell 48843
517-546-3150
fnbh.com
Top Local Executive: Ronald L. Long, CEO
Assets 2019: $431.1M
Assets 2018: $408.2M
Net Income 2019: $5.98M
Net Income 2018: $3.29M
Total Loans 2019: $354.6M
Total Loans 2018: $320.5M

11. UNIVERSITY BANK
2015 Washtenaw Ave.
Ann Arbor 48104
734-741-5858
university-bank.com
Top Local Executive: Stephen L. Ranzini, president/CEO
Assets 2019: $357.4M
Assets 2018: $246.4M
Net Income 2019: $3.77M
Net Income 2018: $2.36M
Total Loans 2019: $201.7M
Total Loans 2018: $115.7M

12. ANN ARBOR STATE BANK (Acquired by Level One Bank in 2020)
125 W. William St.
Ann Arbor 48104
734-761-1475
a2sb.com
Top Local Executive: Peter Schork, president/CEO
Assets 2019: $319.5M
Assets 2018: $309.3M
Net Income 2019: $3.32M
Net Income 2018: $4.13M
Total Loans 2019: $222.1M
Total Loans 2018: $234.3M

13. CHELSEA STATE BANK
1010 South Main St.
Chelsea 48118
734-475-1355
chelseastate.bank
Top Local Executive: John Mann, CEO
Assets 2019: $297.1M
Assets 2018: $299.8M
Net Income 2019: $4.91M
Net Income 2018: $5.26M
Total Loans 2019: $173.5M
Total Loans 2018: $173.4M

14. FIRST INDEPENDENCE BANK
7310 Woodward Ave., Ste. 101
Detroit 48202
313-256-8400
firstindependence.com
Top Local Executive: Kenneth Kelly, chairman/CEO
Assets 2019: $296M
Assets 2018: $259.7M
Net Income 2019: $1.56M
Net Income 2018: $3.05M
Total Loans 2019: $166.9M
Total Loans 2018: $175.9M

15. MAIN STREET BANK
31780 Telegraph Rd.
Bingham Farms 48025
248-645-8888
msbmi.com
Top Local Executive: Jeffrey Kopelman, president/CEO
Assets 2019: $276.6M
Assets 2018: $255.2M
Net Income 2019: $2.09M
Net Income 2018: $1.98M
Total Loans 2019: $259.1M
Total Loans 2018: $236.7M

16. DEARBORN FEDERAL SAVINGS BANK
22315 Michigan Ave.
Dearborn 48124
313-565-3100
mydfsb.com
Top Local Executive: William R. White, chairman/president
Assets 2019: $255.8M
Assets 2018: $266.2M
Net Income 2019: $1.2M
Net Income 2018: $1.45M
Total Loans 2019: $200.2M
Total Loans 2018: $201.1M

17. CLARKSTON STATE BANK (Acquired by Waterford Bank in 2020)
5800 S. Main St.
Clarkston 48346
248-625-8585
clarkstonstatebank.com
Top Local Executive: J. Grant Smith, president/CEO
Assets 2019: $232M
Assets 2018: $210.7M
Net Income 2019: $2.24M
Net Income 2018: $2.56M
Total Loans 2019: $199.2M
Total Loans 2018: $190M

18. HURON VALLEY STATE BANK
130 Milford Rd.
Milford 48381
248-684-9626
hvsb.com
Top Local Executive: Jack Shubitowski, president/CEO
Assets 2019: $155.7M
Assets 2018: $150.9M
Net Income 2019: $1.85M
Net Income 2018: $1.75M
Total Loans 2019: $134M
Total Loans 2018: $130.8M

19. MI BANK
3707 W. Maple Rd.
Bloomfield Township 48301
855-642-2651
www.mi.bank
Top Local Executive: Rob Farr, chairman/CEO
Assets 2019: $68.2M
Assets 2018: NA
Net Income 2019: $-2.2M
Net Income 2018: NA
Total Loans 2019: $42.4M
Total Loans 2018: NA

20. JPMorgan Chase Bank, Dearborn
18800 Hubbard Dr.
Dearborn 48126
313-271-7736
Top Local Executive: NA
Assets 2019: $61.2M
Assets 2018: $60.8M
Net Income 2019: $1.8M
Net Income 2018: $1.5M
Total Loans 2019: NA
Total Loans 2018: NA

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 are not included on this list. Total loans also account for leases.

Sources: Federal Deposit Insurance Corp. and DBusiness research.

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