Chemical Bank Planning to Move Headquarters to Detroit

Chemical Bank says it’s planning to move its headquarters to downtown Detroit. 

The company announced Wednesday that they will build a new 20-story building.

The plans right now also include retail space and parking at the new location.

The move is expected to bring 500 jobs to the new constructed building.

Chemical Bank’s headquarters is currently located in Midland.

The company says no employees will lose their job from the move and that it plans to keep 500 employees in Midland.

Chemical Bank is the largest banking company headquartered in Michigan.