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205:. Loosened banking regulations in the late 1980s made MNC struggle to remain independent, but the loosened regulations allowed Michigan National to consolidate its banks into one bearing the Michigan National Bank name as the deregulation allowed for statewide branch banking in Michigan. In 1995, MNC was sold to
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announced on 22 November 2000, that it had signed a definitive agreement with
National Australia Bank Ltd for the acquisition of MNC for US$ 2.75 billion in cash. At the time, it had total assets amounting to US$ 11.6 billion. MNC's primary subsidiary was Michigan National Bank with 3,600 employees,
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The merged company retained the
Standard Federal name, but dropped Standard's federal savings bank charter in favor of Michigan National's national bank charter. The merger took effect from 9 October 2001. 59 overlapping branch offices were closed.
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After Howard
Stoddard died suddenly in 1971, his son Stanford "Bud" Stoddard took over. When Michigan banking laws were loosened allowing for bank holding companies, Stanford Stoddard founded Michigan National Corporation (MNC) in 1972, based in
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As a result of this merger, Standard
Federal operated approximately 300 branches and 850 ATMs in the state of Michigan, more than any other financial institution in the state. It was the second-largest bank in Michigan as measured by assets.
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which forced the resignation of
Stanford Stoddard in 1984. Robert J. Mylod became chairman and CEO of Michigan National in 1985, succeeding
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184 branches and 332 ATMs. On 2 April 2001, MNC was acquired by ABN AMRO North
America, Inc., the parent company of
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ON 12 September 2005, ABN AMRO consolidated its U.S. commercial banking operations under the
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In the early 1980s, Michigan
National was caught up in the collapse of
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http://findarticles.com/p/articles/mi_hb5553/is_200106/ai_n21516321
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201:. Mylod closed 140 of its 340 branches and shed half of its 700
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American
Security and Trust Company Building (Washington, D.C.)
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178:. This allowed co-owned but separately operated Michigan Bank
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Continental
Illinois National Bank and Trust Company
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142:banks: First National Bank and Trust Company of
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292:Howard Stoddard Founder, Michigan National Bank
150:, Lansing National Bank, City National Bank of
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884:Defunct companies based in Lansing, Michigan
715:Bank of America Corporate Center (Charlotte)
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146:, First National Trust and Savings Bank of
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496:Farmers and Merchants Bank of Los Angeles
239:name. In 2007, ABN AMRO sold LaSalle to
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294:, Michigan State University Press 1980
16:Former bank in Michigan, United States
645:555 California Street (San Francisco)
471:Citizens & Southern National Bank
168:Central National Bank of Battle Creek
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899:Defunct banks of the United States
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576:Provident Institution for Savings
321:History of Michigan National Bank
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255:were sold by Bank of America to
162:. It purchased and absorbed the
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506:First Republic Bank Corporation
451:Benj. Franklin Savings and Loan
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561:National Westminster Bank USA
531:Gibraltar Savings Association
889:Bank of America legacy banks
571:North Carolina National Bank
516:Fourth Financial Corporation
418:Bank of America, Los Angeles
376:Bank of America Private Bank
170:was purchased and absorbed.
101:Stanford Stoddard, 1970s CEO
546:MBNA/Maryland National Bank
158:and First National Bank of
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526:Gibraltar Savings and Loan
413:Banc of America Securities
371:Bank of America Home Loans
176:Bloomfield Hills, Michigan
84:Bloomfield Hills, Michigan
904:Banks established in 1940
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664:Bank of America Building
423:Bank of America NT&SA
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24:
790:Hearst Tower (Charlotte)
624:Western Savings and Loan
541:Mercury Asset Management
476:Commercial National Bank
257:Huntington National Bank
909:National Australia Bank
879:Banks based in Michigan
684:Bank of America Center
207:National Australia Bank
116:National Australia Bank
113:Michigan National Corp.
103:Robert Mylod, final CEO
759:Bank of America Tower
719:Bank of America Plaza
551:Michigan National Bank
521:G. H. Walker & Co.
491:E. A. Pierce & Co.
466:Central Bank and Trust
164:National Bank of Flint
130:was a bank founded in
128:Michigan National Bank
20:Michigan National Bank
604:Standard Federal Bank
596:Security Pacific Bank
556:Montgomery Securities
486:Countrywide Financial
461:Cassatt & Company
222:Standard Federal Bank
63:Standard Federal Bank
629:White Weld & Co.
481:Continental Illinois
456:Boatmen's Bancshares
650:701 Brickell Avenue
433:Bank of New England
154:, National Bank of
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586:Robertson Stephens
166:in 1942. In 1947,
37:Financial Services
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655:Albuquerque Plaza
138:consolidated six
136:Howard J Stoddard
132:Lansing, Michigan
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800:Museum Tower
763:Jacksonville
600:Shawmut Bank
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536:LaSalle Bank
443:Barnett Bank
313:Banks portal
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237:LaSalle Bank
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152:Battle Creek
144:Grand Rapids
127:
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80:Headquarters
61:Merged with
795:Miami Tower
698:Los Angeles
609:Sovran Bank
566:NationsBank
404:Historical
873:Categories
809:Executives
511:Fleet Bank
438:BankBoston
406:components
263:References
249:Port Huron
148:Port Huron
92:Key people
821:Ken Lewis
768:Manhattan
748:St. Louis
728:Charlotte
688:Baltimore
668:Baltimore
638:Buildings
619:Suretrade
364:Divisions
259:in 2014.
99:, founder
69:Successor
894:ABN AMRO
845:Category
213:ABN AMRO
160:Marshall
140:Michigan
120:ABN AMRO
34:Industry
857:Commons
773:Phoenix
733:Chicago
723:Atlanta
703:Norfolk
693:Houston
678:Oakland
673:Midland
447:Baybank
386:Merrill
253:Saginaw
184:Detroit
156:Saginaw
50:Defunct
42:Founded
738:Dallas
220:based
109:Parent
753:Tampa
708:Tulsa
245:Flint
251:and
203:ATMs
193:and
180:N.A.
75:N.A.
58:Fate
53:2001
45:1940
875::
247:,
224:.
209:.
349:e
342:t
335:v
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