May 23, 2012 4:12 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Independent Bank Corporation (NASDAQ: IBCP) today announced that its subsidiary bank, Independent Bank, has signed a definitive agreement to sell 21 of its branches to Chemical Bank, headquartered in Midland, Michigan. The branches to be sold include 6 branch locations in the Battle Creek market area and 15 branch locations in Northeast Michigan. It is expected that the transaction will result in the transfer of approximately $420 million of deposits to Chemical Bank in exchange for the payment of a deposit premium of approximately $12.4 million. This represents a deposit premium of approximately 3.1% on identified core deposits. Certain non-core deposits will be transferred at no premium. Chemical Bank will also have the right to purchase certain loans originated at the branches being sold, at a discount of 1.75%. The sale is expected to be completed by the end of the third quarter of 2012, subject to customary regulatory approvals and the satisfaction of other customary terms and conditions of sale.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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