Business Services Industry
Standard Fed wants $20 billion in commercial loans.(Brief Article)
Crain's Detroit Business, May, 2001 by Merx, Katie
Standard Federal Bank is counting on a corporate veteran and the bank's latest acquisition to more than double its commercial banking business in Michigan. And this time, bank officials and analysts say, the bank has a good chance of making it happen. Mark Hoppe, the new executive vice president for commercial banking at Troy-based Standard Federal, plans to increase the commercial lending portfolio from $8 billion to $20 billion.
His only time frame: as soon as possible. Hoppe said he is simply too busy to sit around planning a time line. He must consolidate Standard Federal's and Michigan National Bank's commercial operations so lenders can get out and win business. Standard Federal's parent company, ABN Amro Holding N.V., bought Michigan National...
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