Talmer Bancorp Inc. raises $202.8M in initial public offering

Talmer Bancorp Inc. raised about $202.8 million dollars from an initial public offering of nearly 15.6 million shares.

The company on Tuesday night priced its initial public offering at $13 per share, and said it expected to begin trading today on the NASDAQ under the symbol “TLMR.”

The IPO was expected to close Friday, the company said in a press release.

Keefe, Bruyette & Woods, Inc. and J.P. Morgan Securities LLC are underwriting the IPO.

Talmer recently absorbed a number of banks in advance of the IPO, including First Place Bank. The company is not commenting publicly because it is in a quiet period, which a spokeswoman said would last until the middle of March.

For the complete story, read Thursday's Vindicator and Vindy.com