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Midwestern bank Talmer Bancorp files for a $230 million IPO

January 10, 2014

Talmer Bancorp, a regional bank with 94 branches and 13 lending offices in the Midwest, filed on Friday with the SEC to raise up to $230 million in an initial public offering. The Troy, MI-based company, which was founded in 2007 and booked $153 million in net interest income for the 12 months ended September 30, 2013, plans to list on the NASDAQ under the symbol TLMR. Talmer Bancorp initially filed confidentially on June 15, 2012. Keefe Bruyette Woods and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.