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Talmer Bancorp (NASDAQ:TLMR) CEO David T. Provost purchased 19,200 shares of Talmer Bancorp stock on the open market in a transaction dated Friday, February 14th. The shares were purchased at an average cost of $13.00 per share, for a total transaction of $249,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 530,543 shares of the company’s stock, valued at approximately $6,897,059. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Talmer Bancorp (NASDAQ:TLMR) traded down 0.36% on Friday, hitting $13.95. 419,031 shares of the company’s stock traded hands. Talmer Bancorp has a 1-year low of $13.28 and a 1-year high of $14.10. The stock’s 50-day moving average is $13. and its 200-day moving average is $13.. The company has a market cap of $924.0 million and a price-to-earnings ratio of 9.73.

Talmer Bancorp, Inc is a bank holding company. The Company owns three subsidiary banks, Talmer Bank and Trust and Talmer West Bank, which are Michigan state chartered banks, and First Place Bank, which is a federal savings association.

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