Proxy advisory firms criticized the golden parachute packages for two Independent Bank Group executives for not requiring the two men to leave the company to receive the payouts. Shareholders later voted against the proposal.
A veteran de novo banker entered the Michigan market with the purchase of its oldest bank charter, with plans to expand to Traverse City and Detroit by the end of 2025.
After years of staying below the $10 billion asset threshold, Park National Corp. is likely months away from finding a partner to leapfrog over the asset benchmark, analysts said.
