Hard at Work in Michigan
Bank of America began serving Michigan nearly 120 years ago. In 1893, Standard Federal Bank opened in downtown Detroit. It received a national charter in 1950 and continued to grow into one of the largest banks in the Midwest. Standard Federal was acquired by LaSalle Bank of Chicago in 2005 and became part of the Bank of America family two years later. Today, Bank of America is one of the nation’s largest financial institutions and provides services to half of all American households.
Jul 16, 2012
In the 1920s, the rapid growth of the automobile industry in Detroit caused a boom in housing due to the large number of people moving to the region. This, in turn, created a demand for wholesale contractors selling materials to facilitate the development of real estate in the area… learn More about Weathering the Business Storm in Detroit
*35,925 mortgage modifications in Michigan since 2008.