Largest Banks and Thrifts in Metro Detroit 2022

Ranked by 2021 Assets
1031
Courtesy of Huntington Bank
Courtesy of Huntington Bank

1. HUNTINGTON BANK
333 W. Fort St.
Detroit 48226
866-258-1807
tcfbank.com
Top Local Executive: Tom Shafer, senior executive vice president
Assets 2021: $173.4B
Assets 2020: $47.8B
Net Income 2021: $1.5B
Net Income 2020: $222.8M
Total Loans 2021: $111.4B
Total Loans 2020: $34.5B

2. FLAGSTAR BANK
5151 Corporate Dr.
Troy 48098
248-312-2000
flagstar.com
Top Local Executive: Alessandro P. DiNello, president & CEO
Assets 2021: $25.4B
Assets 2020: $31B
Net Income 2021: $549M
Net Income 2020: $566.2M
Total Loans 2021: $19.9B
Total Loans 2020: $25.6B

3. COMERICA BANK
411 W. Lafayette Blvd.
Detroit 48226
313-222-4000
comerica.com
Top Local Executive: Michael T. Ritchie, Michigan market president
Assets 2021: $12.3B
Assets 2020: $12.3B
Net Income 2021: $336.5M
Net Income 2020: $204M
Total Loans 2021 (FY average): $11.4B
Total Loans 2020 (FY average): $11.6B
(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 2021: $2.87B
Assets 2020: $3.9B
Net Income 2021: $7.6M
Net Income 2020: $12.4M
Total Loans 2021: $1.65B
Total Loans 2020: $2.5B

5. LEVEL ONE BANK
32991 Hamilton Court
Farmington Hills 48334
248-737-0300
levelonebank.com
Top Local Executive: Patrick J. Fehring, chairman, president & CEO
Assets 2021: NA
Assets 2020: $2.4B
Net Income 2021: NA
Net Income 2020: $22.7M
Total Loans 2021: NA
Total Loans 2020: $1.7B

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 2021: $3.3B
Assets 2020: $2.2B
Net Income 2021: $38.3M
Net Income 2020: $22.9M
Total Loans 2021: $1.8B
Total Loans 2020: $1.6B

7. CHOICEONE BANK
109 E. Division St.
Sparta 49345
810-395-4313
choiceone.com
Top Local Executive: Kelly J. Potes, CEO
Assets 2021: $2.3B
Assets 2020: $1.9B
Net Income 2021: $22M
Net Income 2020: $18M
Total Loans 2021: $1.06B
Total Loans 2020: $1.1B

8. FIRST STATE BANK
16100 E. Nine Mile Rd.
Eastpointe 48021
586-775-5000
fsb.bank
Top Local Executive: Gene Lovell, president & CEO
Assets 2021: $937.2M
Assets 2020: $926.9M
Net Income 2021: $1.2M
Net Income 2020: $7.6M
Total Loans 2021: $474M
Total Loans 2020: $516.6M

9. OXFORD BANK
60 S. Washington St.
Oxford 48371
248-628-2533
oxfordbank.com
Top Local Executive: David Lamb, president & CEO
Assets 2021: $750.7M
Assets 2020: $698.1M
Net Income 2021: $10.5M
Net Income 2020: $7.1M
Total Loans 2021: $411.1M
Total Loans 2020: $537.1M

10. 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 2021: $664M
Assets 2020: $550.6M
Net Income 2021: $5.6M
Net Income 2020: $6.6M
Total Loans 2021: $443M
Total Loans 2020: $379.7M

11. UNIVERSITY BANK
2015 Washtenaw Ave.
Ann Arbor 48104
734-741-5858
university-bank.com
Top Local Executive: Stephen L. Ranzini, president & CEO
Assets 2021: $488.4M
Assets 2020: $552.2M
Net Income 2021: $28.2M
Net Income 2020: $30.8M
Total Loans 2021: $331.9M
Total Loans 2020: $303.9M

12. CHELSEA STATE BANK
1010 S. Main St.
Chelsea 48118
734-475-1355
chelseastate.bank
Top Local Executive: Joanne Rau, president & CEO
Assets 2021: $438.4M
Assets 2020: $379M
Net Income 2021: $6M
Net Income 2020: $4.7M
Total Loans 2021: $208.5M
Total Loans 2020: $210.9M

13. FIRST INDEPENDENCE BANK
7310 Woodward Ave., Ste. 101
Detroit 48202
313-256-8400
firstindependence.com
Top Local Executive: Kenneth Kelly, chairman & CEO
Assets 2021: $412.3M
Assets 2020: $287.4M
Net Income 2021: $2.6M
Net Income 2020: $2.5M
Total Loans 2021: $186.2M
Total Loans 2020: $161.1M

14. DEARBORN FEDERAL SAVINGS BANK
22315 Michigan Ave.
Dearborn 48124
313-565-3100
mydfsb.com
Top Local Executive: William R. White, chairman & president
Assets 2021: $272.3M
Assets 2020: $269.8M
Net Income 2021: NA
Net Income 2020: $541K
Total Loans 2021: $184.2M
Total Loans 2020: $182.9M

15. HURON VALLEY STATE BANK
130 S. Milford Rd.
Milford 48381
248-684-9626
hvsb.com
Top Local Executive: Jack Shubitowski, president & CEO
Assets 2021: $237.1M
Assets 2020: $192.2M
Net Income 2021: $2M
Net Income 2020: $1.6M
Total Loans 2021: $137.7M
Total Loans 2020: $149.4M

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 2021: $188.2M
Assets 2020: $120M
Net Income 2021: $14.4K
Net Income 2020: $-1.5M
Total Loans 2021: $111.3M
Total Loans 2020: $94.4M

*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., DBusiness research

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