Business Services Industry
Michigan National will offer Standard Fed mortgages.(Brief Article)
Crain's Detroit Business, March, 2001 by Merx, Katie
Michigan National Bank will begin offering Standard Federal Bank mortgage products when Standard Federal's parent company, ABN Amro Bank N.V., completes its $2.75 billion purchase of Michigan National on April 2. ABN Amro is buying Michigan National from National Australia Bank Ltd. and plans to merge Standard Federal and Michigan National into one bank with one yet-to-be-announced name by the end of the year.
Michigan National was using Rock Home Loans @ Michigan National Bank as its mortgage provider. That partnership ends April 2, and Rock Home Loans will roll back into its parent company, Quicken Loans Inc., said Elizabeth Jones, senior manager of corporate communications for Quicken Loans in Livonia. Jones said all 44 Rock Financial loan officers who...
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