Largest Banks and Thrifts in Metro Detroit 2021

Ranked by 2020 Assets
613
Bricks and Mortar - A stand-alone branch of TCF Bank. // Courtesy of TCF Bank
Bricks and Mortar - A stand-alone branch of TCF Bank. // Courtesy of TCF Bank

1. TCF Bank (merger with Huntington Bank closed on June 9,  2021)
333 W. Fort St.
Detroit 48226
866-258-1807
tcfbank.com
Top Local Executives: David Provost, CEO, TCF Financial Corp.; Tom Shafer, CEO, TCF National Bank
Assets 2020: $47.8B
Assets 2019: $46.7B
Net Income 2020: $222.8M
Net Income 2019: $295.5M
Total Loans 2020: $34.5B
Total Loans 2019: $34.5B

2. Flagestar Bank
5151 Corporate Dr.
Troy 48098
248-312-2000
flagstar.com
Top Local Executive: Alessandro P. DiNello, President & CEO
Assets 2020: $31B
Assets 2019: $23.2B
Net Income 2020: $566.2M
Net Income 2019: $241.1M
Total Loans 2020: $25.6B
Total Loans 2019: $18B

3. Comerica Bank
411 W. Lafayette Blvd.
Detroit 48226
313-222-4000
comerica.com
Top Local Executive: Michael T. Ritchie, Michigan Market President
Assets 2020: $12.3B
Assets 2019: $13.2B
Net Income 2020: $204M
Net Income 2019: $370M
Total Loans 2020 (FY average): $11.6B
Total Loans 2019 (FY average): $12.6B
(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: Thomas M. O’Brien, Chairman, President & CEO
Assets 2020: $3.9B
Assets 2019: $3.2B
Net Income 2020: $12.4M
Net Income 2019: $40.3M
Total Loans 2020: $2.5B
Total Loans 2019: $2.9B

5. Level One Bank (Acquired Ann Arbor State Bank in 2020)
32991 Hamilton Court
Farmington Hills 48334
248-737-0300
levelonebank.com
Top Local Executive: Patrick J. Fehring, Chairman, President & CEO
Assets 2020: $2.4B
Assets 2019: $1.6B
Net Income 2020: $22.7M
Net Income 2019: $17.1M
Total Loans 2020: $1.7B
Total Loans 2019: $1.2B

6. Bank of Ann Arbor
125 S. Fifth Ave.
Ann Arbor 48107
734-662-1600
bankofannarbor.com
Top Local Executive: Tim Marshall, President & CEO
Assets 2020: $2.2B
Assets 2019: $1.8B
Net Income 2020: $22.9M
Net Income 2019: $32.9M
Total Loans 2020: $1.6B
Total Loans 2019: $1.3B

7. ChoiceOne Bank (Lakestone Bank and Trust merged into ChoiceBank in 2020)
109 E. Division St.
Sparta 49345
810-395-4313
choiceone.com
Top Local Executive: Kelly J. Potes, CEO
Assets 2020: $1.9B
Assets 2019: $673.9M
Net Income 2020: $18M
Net Income 2019: $7.1M
Total Loans 2020: $1.1B
Total Loans 2019: $430.3M

8. First State Bank
24300 Little Mack Ave.
St. Clair Shores 48080
586-775-5000
fsb.bank
Top Local Executive: Gene Lovell, President & CEO
Assets 2020: $926.9M
Assets 2019: $772.1M
Net Income 2020: $7.6M
Net Income 2019: $8.1M
Total Loans 2020: $516.6M
Total Loans 2019: $530.8M

9. Oxford Bank
60 S. Washington St.
Oxford 48371
248-628-2533
oxfordbank.com
Top Local Executive: David Lamb, President & CEO
Assets 2020: $698.1M
Assets 2019: $505.3M
Net Income 2020: $7.1M
Net Income 2019: $5.4M
Total Loans 2020: $537.1M
Total Loans 2019: $338.1M

10. University Bank
2015 Washtenaw Ave.
Ann Arbor 48104
734-741-5858
university-bank.com
Top Local Executive: Stephen L. Ranzini, President & CEO
Assets 2020: $552.2M
Assets 2019: $357.8M
Net Income 2020: $30.8M
Net Income 2019: $3.9M
Total Loans 2020: $303.9M
Total Loans 2019: $201.7M

11. First National Bank in Howell
101 E. Grand River Ave.
Howell 48843
517-546-3150
fnbh.com
Top Local Executive: Ron Long, President & CEO
Assets 2020: $550.6M
Assets 2019: $431.1M
Net Income 2020: $6.6M
Net Income 2019: $6M
Total Loans 2020: $379.7M
Total Loans 2019: $354.6M

12. Chelsea State Bank
1010 S. Main St.
Chelsea 48118
734-475-1355
chelseastate.bank
Top Local Executive: Joanne Rau, President & CEO
Assets 2020: $379M
Assets 2019: $297.1M
Net Income 2020: $4.7M
Net Income 2019: $4.9M
Total Loans 2020: $210.9M
Total Loans 2019: $173.5M

13. First Independence Bank
7310 Woodward Ave., Ste. 101
Detroit 48202
313-256-8400
firstindependence.com
Top Local Executive: Kenneth Kelly, Chairman & CEO
Assets 2020: $287.4M
Assets 2019: $296M
Net Income 2020: $2.5M
Net Income 2019: $2.8M
Total Loans 2020: $161.1M
Total Loans 2019: $166.9M

14. Dearborn Federal Savings Bank
22315 Michigan Ave.
Dearborn 48124
313-565-3100
mydfsb.com
Top Local Executive: William R. White, Chairman/President
Assets 2020: $269.8M
Assets 2019: $255.8M
Net Income 2020: $541K
Net Income 2019: $1.2M
Total Loans 2020: $182.9M
Total Loans 2019: $200.2M

15. Huron Valley State Bank
130 S. Milford Rd.
Milford 48381
248-684-9626
hvsb.com
Top Local Executive: Jack Shubitowski, President & CEO
Assets 2020: $192.2M
Assets 2019: $155.7M
Net Income 2020: $1.6M
Net Income 2019: $1.9M
Total Loans 2020: $149.4M
Total Loans 2019: $134.1M

16. MI Bank
3707 W. Maple Rd., Ste. 100
Bloomfield Township 48301
855-642-2651
mi.bank
Top Local Executive: Rob Farr, Chairman & CEO
Assets 2020: $120M
Assets 2019: $68.2M
Net Income 2020: $-1.5M
Net Income 2019: $-2.2M
Total Loans 2020: $94.4M
Total Loans 2019: $42.4M

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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