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Michigan National Corporation Business Information, Profile, and History
27777 Inkster Road
P.O. Box 9065
Farmington Hills, Michigan 48333-9065
History of Michigan National Corporation
Michigan National Corporation is a bank holding company for nationally and state-chartered commercial banks and federally-chartered savings and loan institutions. Its major subsidiaries operate in Michigan and California. In 1994, Michigan National's principal subsidiary, Michigan National Bank (MNB) had assets valued at $8.8 billion. It ranked as the 58th largest bank in the United States. MNB operated 189 branches and boasted one of the largest Automated Teller Machine (ATM) networks in Michigan, consisting of about 300 ATMs.
Michigan National Bank was founded in 1941, when Howard J. Stoddard consolidated six Michigan banks: First National Bank (Battle Creek), First National Bank (Grand Rapids), Lansing National Bank (Lansing), First National Bank (Marshall), First National Bank (Port Huron), and Saginaw National Bank (Saginaw). At the time, this was the second largest bank merger in the United States.
Stoddard, an innovative executive, earned a reputation for actively seeking out consumers and introducing many new services. Under his direction in 1946, MNB pioneered extended banking hours. Saturday banking was first offered in 1947, and Michigan's first drive-through window appeared in 1948. In 1955, MNB became the first Michigan bank to pay semi-annual interest on Certificates of Deposit. In 1960, it began offering "Full-Time" daily interest on savings accounts.
Stoddard's son, Stanford "Bud" Stoddard, who had begun working as a teller at age 14 during the 1940s, became president of MNB's flagship bank in Detroit in 1962. Following the elder Stoddard's sudden death in 1971, Stanford Stoddard moved into his father's office.
Regulatory changes led to the establishment of Michigan National Corporation in 1972. Prior to that year, Michigan state law did not permit banking institutions to own bank stocks, keeping statewide chains of affiliated banks from forming. The Stoddards, however, had circumvented the regulation by using employee pension funds (which were not subjected to the same regulatory prohibitions) and partnerships with investors to control related banks throughout the state. After regulatory modifications permitted the establishment of multiple-bank holding companies, Stoddard reorganized the MNB system establishing Michigan National Corporation.
The newly formed Michigan National Corporation, with Stanford Stoddard as president, immediately became the largest banking system in the state. Its five existing banks had a total of 360 offices. Stoddard led the company into an era of expansion. He worked to increase Michigan National's market share through the opening of new branches and by engaging in heavy promotion of innovative banking products such as mortgages for mobile homes. By 1981, Michigan National had grown to incorporate 27 affiliate banks.
Stoddard also pioneered the fields of credit cards and ATMs. Under his leadership, Michigan National developed one of the largest ATM networks in Michigan and became one of the leading credit card issuers in the nation.
The early 1980s, however, brought difficulties to Michigan National. The company purchased $200 million in bad loans from Oklahoma City's Penn Square Bank, which collapsed in 1982. As a result, Michigan National lost approximately one-third of its capital. In 1983, Michigan National failed to produce a profit. The U.S. Comptroller of the Currency expressed concern about the company's methods of accounting for its loans with Penn Square Bank and Continental Illinois Bank, and the negative attention led to regulatory sanctions. According to a report in Bankers Monthly, Michigan National returned to only modest profits in 1984.
In 1984, Stanford Stoddard resigned. The controversial resignation took place after charges of mismanagement were made by the U.S. comptroller, who accused Stoddard of having diverted bank money for his personal use. In addition, Stoddard faced Federal fraud charges claiming that he had leased a building in which he held partial ownership to Michigan National at rates higher than the market rate. Although Stoddard was initially convicted, the Federal fraud charge conviction was overturned and charges made by office of the comptroller were withdrawn. In addition, in 1993, Stoddard reached a $4 million settlement with Michigan National for damages suffered in the aftermath of his resignation.
Robert J. Mylod, former executive of Federal National Mortgage Association, became chairperson and chief executive officer of Michigan National in 1985. Immediately after attaining the office, Mylod faced multiple challenges including a hostile takeover attempt from a competitor, Comerica, Inc. His attempts to restore profitability included staff cuts and consolidating or selling some affiliate banks and branches. At the time Mylod took over, Michigan National's system of 700 ATMs and 340 branches was the largest in the state. Under his direction, 140 branches were closed, the number of ATM's was cut in half, and employment was pared from 7,000 to 6,300.
Mylod's struggle to boost profitability by controlling expenses led to an improvement in Michigan National's overall financial picture. As a result, in 1986 regulatory sanctions were removed. Mylod also increased efforts aimed at promoting services to the consumer and commercial markets and expanding the company's mortgage operations. Mylod's management team focused on developing the company's core business in four areas which were identified as commercial, consumer, investment, and mortgage banking. According to information published in Banker's Monthly, the company's mortgage portfolio increased from $500 million in 1985 to $6 billion in 1988.
Michigan National's net income rose 36 percent in 1987. The number of nonperforming loans (non-accruing and renegotiated loans) dropped to 1.54 percent of total loans, compared with 1.97 percent in 1986. Return on equity, another measure of bank performance, was reached 14 percent, up from nine percent in 1985. By the end of 1988, return on equity had risen further to 17.18 percent. Michigan National's total earnings of $93.2 million in 1988 set a company record.
Despite these successes, the late 1980s also brought new challenges. In 1988, a change in Michigan's banking regulations allowed for mergers between Michigan banks and banks in other states. The new climate again raised the risk of hostile takeover and brought new rivals into the state. According to a statement made by Michigan National at the time, "Michigan laws that allow reciprocal interstate banking with contiguous states and nationwide interstate banking have enlarged the banking market and heightened competitive forces." Michigan National took advantage of the regulatory changes by purchasing banks in California and Texas. Other acquisitions, however, yielded disappointing results. Michigan National purchased an investment advisory company and a commercial lending company, both of which sustained losses and were folded.
By establishing itself as a strong commercial lender, Michigan National found itself in a difficult position when the national economy suffered a downturn at the end of the 1980s. The company had increased commercial real estate lending by 73 percent during the last three years of the decade and suffered from the financial woes of its customers. According to a report in the Detroit News, commercial real estate accounted for 70 percent of Michigan National's bad loans. In addition, Michigan National had made risky loans to out-of-state commercial ventures.
In order to offset losses from commercial real estate loans, Michigan National sold its credit card operations. The sale resulted in a pre-tax gain of $225 million, a figure representing more than half the corporation's profits in 1989. Although the move drew controversy and criticism, Mylod defended it. According to his own projections, the credit card business faced increased competition not only among banks but from new corporate competitors such as General Motors Corp. Mylod expected the increased competition to lead to a reduction or elimination of annual fees making credit card operations less profitable. By the early 1990s, some industry analysts conceded that Mylod's predictions had proved correct.
Another controversy occurred when Michigan National moved into new headquarters in Farmington Hills, Michigan, in 1989. The $30 million, 240,000-square-foot structure, built to accommodate 1,150 workers included athletic and dining facilities. In light of the company's poor profit picture, some critics regarded the building as excessive.
Michigan National turned to fee-generating services in an attempt to bolster profits. According to a Forbes report, in 1991 Michigan National spent $252 million to purchase mortgage servicing rights to a large group of mortgages. Under the agreement, Michigan National would collect and process mortgage payments on behalf of other lenders for a fee. The servicing rights were purchased with the expectation that Michigan National would collect processing fees over the long-term duration of the mortgages. When interest rates subsequently fell to 30-year lows, homeowners refinanced in droves. As a result, the potential income to be generated from processing fees was lost.
Other types of fee-generating activities, such as credit card processing and personal investment advising, were also explored. In 1991, Michigan National was the nation's 14th largest processor of credit-card purchases, processing retail charges totaling $3.2 billion. Personal investing services were conducted by a subsidiary, Independence One Capital Management. Independence One used "pattern recognition" models to make investment decisions based on past market behavior.
Another attempt to expand fee income involved the purchase of a Dallas-based software producer, BancA Corp. BancA's software package, POWER 1, was first used by Michigan National in 1989 to streamline commercial credit operations. POWER 1 provided the tools necessary for portfolio management and tracking customer profitability. The software enabled users to reduce expenses by implementing a uniform policy, working more efficiently with a reduced staff, and improving loan quality by weeding out applications that failed to meet pre-specified criteria. However, slower than expected software sales led to the 1993 decision to sell BancA's products to Andersen Consulting.
In 1993, Michigan National was ranked at the bottom of a list of Michigan's 18 largest banks. Rankings were made using standard industry measurements such as return on equity and growth in earnings per share. Moreover, according to an analysis made by Keefe, Bruyette & Woods, Michigan National's return on assets placed it last among U.S. banks with assets over $10 billion. While disgruntled stockholders began pushing for the sale of the company, Mylod insisted that the organization was committed to remaining independent.
Michigan National's earnings in 1993 fell to $23.8 million, down from the $66.1 million reported in 1992. A Memorandum of Understanding was then issued by the Office of the Comptroller of Currency, calling for Michigan National to review and improve its management structure, institute better policies for controlling risk management, and analyze its mortgage banking business.
Some of Michigan National's profit woes were directly related to its high expenses. According to report a in Forbes, Michigan National's efficiency ratio, expressed as a percentage of expenses to revenue, stood at 77 percent. The figure was much higher than other banks in Michigan, which posted efficiency ratios averaging about 63 percent. Efficiency ratios at some of the nation's stronger banks were reported at less than 60 percent. In order to help reduce expenses and improve the corporation's profitability, Michigan National's management decided to refocus attention on its core businesses in Michigan. As a result, Michigan National began divesting itself of its diverse holdings. In 1993, some bank holdings in Texas were sold to the Lockwood Banc Group, Inc. for $16.7 million. Michigan National also announced plans to sell its remaining Texas affiliates.
As Michigan National entered 1994, its primary focus continued to be in mortgage banking and financial institutions. The company's Independence One Mortgage Corporation originated and serviced residential mortgage loans through 23 offices in ten states. Its servicing portfolio totaled $8.9 billion. Other operating subsidiaries included: Independence One Bank of California (IOBOC), a savings and loan association with five branches and three business lending offices. IOBOC had assets totaling $757 million. Its primary market was in Southern California. First Collateral Services, Inc. (FCSI), a mortgage warehouse lender and subsidiary of IOBOC, also operated in California. Independence One Brokerage Services, Inc. (IOBSI), a broker-dealer established to assist clients in achieving their financial goals, was licensed to do business in 13 states. Independence One Capital Management Corporation provided investment advice and managed assets of more than $6.5 billion. Executive Relocation Corporation (ERC) served Fortune 500 firms and assisted in relocating employees throughout the United States.
The fastest growing segment of Michigan National's loan portfolio, consumer loans, increased to $596.6 million in 1993, up $78.6 million over the previous year. In addition, consumer deposits grew. According to the company's 1993 annual report, checking and savings deposits increased from $192 million to $2.2 billion. Debit card processing provided another rising source of income. Michigan National reported that it handled approximately 75 percent of point-of-sale transactions in Michigan. Fees generated from debit card activities increased 74 percent in 1993 and were projected to continue to swell.
Continuing its tradition of innovation, Michigan National, in partnership with Microsoft Corp., introduced an electronic home banking system in 1994. Michigan National was one of only three banks across the nation to offer the new services. Using Microsoft's program Microsoft Money 3.0, users could access "Bank On-Line," which permitted them to review transactions, balance checkbooks, and communicate with the bank. "Pay On-Line" users could pay bills electronically. A third electronic service, "Quote On-Line" enabled investors to track stocks and keep a watchful eye on the value of their investment portfolios.
Despite its efforts, bank profitability remained marginal, and Michigan National announced further cost cutting measures including the closing of 12 additional branches. In a display of dissatisfaction, one-third of the company's shareholders voted against the slate of directors at the company's annual meeting held in 1994. Some demanded that the organization be sold. In June, the company announced that it planned to sell its mortgage subsidiary, Independence One Mortgage.
Michigan National reported some improvement in the second quarter of 1994. The company's quarterly net income increased to $63.3 million, compared with $8.9 million in the same quarter the previous year. Mylod attributed the improvement to refocused efforts in the Michigan market, higher net interest margins, lower mortgage servicing amortization, improved asset quality, and better performance in consumer and commercial banking sectors.
Amid much speculation about whether Michigan National's management would sell or merge the company, Mylod remained adamant in his commitment to independence. According to a published statement, the corporation claimed, "Our vision is to remain a strong, independent financial services company which is able to provide shareholders with a competitive return on their investment."
Principal Subsidiaries: Michigan National Bank; Independence One Bank of California; First Collateral Services, Inc.; Independence One Brokerage Services, Inc.; Independence One Mortgage Corporation; Independence One Capital Management Corporation; Executive Relocation Corporation.
Related information about Michigan
pop (2000e) 9 938 400; area
151 579 km²/58 527 sq mi. State in NC USA,
divided into 83 counties; split into two peninsulas by L Michigan
and L Huron; the ‘Great Lake State’ or the ‘Wolverine State’; 26th
state admitted to the Union, 1837; settled by the French, 1668;
ceded to the British, 1763; handed over to the USA in 1783 and
became part of Indiana Territory; Territory of Michigan
established, 1805; boundaries greatly extended in 1818 and 1834;
capital, Lansing; other chief cities, Detroit, Grand Rapids,
Warren, Flint; the Montreal, Brule, and Menominee Rivers mark the
Wisconsin border; the border with Canada is formed by the St Clair
R (between L Huron and L St Clair) and the Detroit R (between L St
Clair and L Erie); 99 909 km²/38 565 sq mi
of the Great Lakes lie within the state boundary; highest point Mt
Curwood (604 m/1982 ft); the upper peninsula and N part
of the lower peninsula are mainly forested, containing several
state parks; a major tourist area; the S part of the state is
highly industrialized; motor vehicles and parts, machinery, cement,
iron and steel (second in the country for iron ore production);
corn and dairy products.
Michigan (pronounced ) is a Midwestern state of the United States, located in the east north
central portion of the country. It was named after Lake Michigan, the word
'Michigan' itself being a French derivative of the Ojibwe misshikama
(read "mish-ih-GAH-muh"), meaning "big lake" (compare
kitchikama, meaning "Great Lake" - pronounced
"gitch-ih-GAH-ma," or "Gitchee-Gumee" as rendered by Longfellow).
Bounded by four of the five Great Lakes, plus Lake
Saint Clair, Michigan has the longest freshwater shoreline in
the United States, the longest total shoreline after Alaska
(including island shorelines)"Does Michigan have the
longest coast line in the United States?" The Upper
Peninsula (U.P.) is separated from the Lower Peninsula by the
Mackinac, a five-mile channel that joins Lake Huron to Lake Michigan. The Great
Lakes that border Michigan are Lake Erie, Lake Huron, Lake Michigan and Lake Superior.
Michigan was home to various Native
Americans centuries before colonization by Europeans. When the first European
explorers arrived, the most populous and influential tribes were
peoples - specifically, the Ottawa, the Anishnabe (called "Chippewa" in
French, after their language, "Ojibwe"), and the Potawatomi. Other First
Nations people in Michigan, in the south and east, were the
Miami, and the
Wyandot, who are better
known by their French name, "Huron".
Michigan was explored and settled by French voyageurs in the 17th
century. The first European settlement was made in 1641 on the site
where Father (or Père, in French) Jacques Marquette
established Sault Sainte-Marie in 1668.
Saint-Ignace was founded in 1671, and Marquette in 1675.
That same year, La Salle built Fort Miami at present-day St. Joseph.
In 1701, French explorer and army officer Antoine de la
Mothe Cadillac founded Le Fort Ponchartrain du Détroit or ?Fort Ponchartrain
on-the-Strait? on the strait between Lakes St. Clair and Erie, known as the Detroit River. Cadillac
had convinced King
Louis XIV's chief minister, Louis
Phélypeaux, Comte de Pontchartrain, that a permanent community
there would strengthen French control over the upper Great Lakes
and repel British aspirations.
The hundred soldiers and workers who accompanied Cadillac built a
200-square-foot palisade and named it Fort Pontchartrain.
Under the 1763 Treaty of Paris, Michigan and the rest of New France
passed to Great Britain.
Detroit was an important British supply center during the American
Revolutionary War, but most of the inhabitants - almost all of
them - were either Aboriginal people or French Canadians. When
Quebec was split into Lower and Upper Canada in 1790, Michigan was part of Kent County,
Upper Canada, and held its first democratic elections in August
1792, to send delegates to the new provincial parliament at Newark,
(Now Niagara-on-the-Lake). Under terms negotiated in the 1794
Jay Treaty, Britain
withdrew from Detroit and Michilimackinac in 1796. However,
questions remained over the boundary for many years and the United
States did not have uncontested control of the Upper Peninsula and
until 1818 and 1847, respectively.
During the War of
1812, Michigan Territory (effectively consisting of Detroit
and the surrounding area) was captured by the British and nominally
returned to Upper
Canada until the Treaty of Ghent, which implemented the policy of "Status
Quo Ante Bellum" or "Just as Things Were Before the War."
Subsequent to the findings of that commission in 1817, control of
the Upper Peninsula and of islands in the St. Clair River delta
was transferred from Ontario to Michigan in 1818, and Drummond
Island (to which the British had moved their Michilimackinac army
base) was transferred in 1847.
The population grew slowly until the opening of the Erie Canal in 1825, which
brought a large influx of settlers. A state government was formed
in 1836, although Congressional recognition of the state languished
because of a boundary dispute with Ohio, with both sides claiming a
468 square mile (1,210 km²) strip of land that included the newly
incorporated city of Toledo on Lake Erie and an area to the west then known
as the "Great
Black Swamp." Ultimately, Congress awarded the "Toledo Strip" to Ohio, and
Michigan, having received the western part of the Upper
Peninsula as a concession, formally entered the Union on
January 26, 1837.
Thought to be useless at the time, the Upper Peninsula was soon
discovered to be a rich and important source of lumber, iron, and copper, which would become the state's most sought-after
natural resources. Geologist Douglass Houghton and land surveyor William Austin Burt
were among the first to document and discover many of these
resources, which led to a nation-wide increase of interest in the
Michigan's economy underwent a massive change at the turn of the
20th century. The birth of the automotive industry, with Henry Ford's first plant in
the Highland Park enclave of Detroit, marked the beginning of a new era in
Law and government
the state capital
and is home to all three branches of state government. The
legislative branch consists of the bicameral Michigan Legislature, with a House of Representatives and Senate. The Constitution of
Michigan of 1963 provides for voter initiative and referendum (Article II, §
9,Article II, § 9 of
state constitution defined as "the power to propose laws and to
enact and reject laws, called the initiative, and the power to
approve or reject laws enacted by the legislature, called the
referendum. only the trustees of the University of
Michigan, Michigan State University, and Wayne State
University are chosen in general elections.
Michigan was the first state in the Union to abolish the death penalty, in
1846. Chardavoyne has suggested that the abolitionist movement in
Michigan grew as a result of enmity towards the state's neighbor,
Canada, which under British rule made public executions a regular
As with other Rust
Belt states, the Republican Party dominated Michigan until the Great Depression. In
2004, John Kerry
carried the state over George W. Villages, by contrast, have limited home rule, in that
they are not completely autonomous from the county and township in
which they are located.
There are two types of township in Michigan: general law township and
Michigan consists of two peninsulas that lie between 82°30' to
about 90º30' west longitude, and are separated by the Straits of
The state is bounded on the south by the states of Ohio and Indiana, sharing both land and water boundaries
with both. then a land boundary with Wisconsin and the Upper
Peninsula, that is principally demarcated by the Menominee and Montreal rivers; then
water boundaries again, in Lake Superior, with Wisconsin and Minnesota to the west, capped by Ontario to the north. The
northern boundary then runs completely through Lake Superior, from
the western boundary with Minnesota to a point north of and around Isle Royale, thence
travelling southeastward through the lake in a reasonably straight
line to the Sault Ste. Michigan also shares a water boundary with
the Canadian First
Nation reserve of Walpole Island.
Michigan encompasses 58,110 square miles (150,504 km²) of land, 38,575 square miles (99,909 km²) of Great Lakes
waters and 1,305 square miles (3,380 km²) of inland waters.
Only the state of Alaska has more territorial water and Michigan is
well ahead of third ranked Florida which has 11,827.77 square miles
At a total of 97,990 square miles (253,793 km²), it is the largest
state east of the Mississippi River (inclusive of its territorial waters).
Mountains, which are the oldest mountains in North America,
rise to an altitude of almost 2,000 feet above sea
level and form the watershed between the streams flowing into Lake
Superior and Lake Michigan. The state's highest point is Mount Arvon at 1,979 feet
(603 m). The peninsula is
as large as Connecticut, Delaware, Massachusetts, and Rhode Island
combined, but has less than 330,000 inhabitants, who are sometimes
called "Yoopers" (from "U.P.'ers") and whose speech (the "Yooper dialect") has been
heavily influenced by the large number of Scandinavian and Canadian
immigrants who settled the area during the mining boom of the late
The Lower Peninsula, shaped like a mitten, is 277 miles (446 km) long from north to south
and 195 miles (314 km) from east to west and occupies nearly
two-thirds of the state's land area. The highest point in the Lower
Peninsula is not definitely established but is either Briar Hill at
1,705 feet (520 m),
or one of several points nearby. Ironwood, in the
far western Upper Peninsula, lies 630 highway miles (1,015 km) from
the Toledo, Ohio
suburb of Lambertville in the Lower Peninsula's southeastern
corner. Keweenaw, Whitefish, and the Big and Little Bays De Noc are
the principal indentations on the Upper Peninsula, while the
Traverse, Thunder, and Saginaw bays indent the Lower Peninsula. The state has
numerous large islands, the principal ones being the Manitou, Beaver, and Fox groups in Lake Michigan; Isle Royale and Grande Isle
in Lake Superior; Marquette, Bois
Blanc, and Mackinac Islands in Lake Huron; and Nebish, Sugar, and
Drummond Islands in St.
Mary's River (see also Islands of Michigan).
The state's rivers are small, short and shallow, and few are
navigable. The principal ones include the Au Sable,
Saginaw, all of
which flow into Lake Huron; and the St.
Joseph, Kalamazoo, Grand, and Escanaba, which flow into Lake Michigan. Metropolitan
Detroit/Ann Arbor/Flint/Windsor is also the world's largest
international metropolitan area.
The state is home to several national parks, including: Isle Royale
National Park, Keweenaw
National Historical Park, Pictured
Rocks National Lakeshore, Sleeping Bear Dunes National Lakeshore, and Father
Marquette National Memorial. As of 2000, the state had the 8th
largest population in the Union.
As of 2004, the state had a foreign-born population of 594,700
(5.9% of the state population).
The five largest reported ancestries in Michigan are: German (20.4%), African American
(10.7%), English (9.9%), Polish (8.6%). People of Nordic (especially
(notably Cornish), and French ancestry have a notable presence in the Upper
Detroit has many residents of Polish and Irish descent, and is home to the largest Arab community in the
United States. African-Americans form a majority of the population
of the city of Detroit and of several other cities, including
Southfield and Benton
The religious affiliations of the people of Michigan
Michigan has a higher percentage of Muslims (who live mainly in
the Detroit area) and a higher percentage of Reformed Christians
(concentrated in the western part of the state) than any other
The Michigan economy is a leader in information
sciences, and advanced manufacturing. From the 2003 Study "Contributions of the
Automotive Industry to the U.S. Economy" University of Michigan and
the Center for Automotive Reseach
Michigan has been able to manage recent economic hardships brought
on by the severe stock market decline following the September 11,
2001 attacks which caused a pension and benefit fund crisis for
many American companies including General
Motors, Ford, and DaimlerChrysler. From 1997 to 2004, Michigan was listed
as the only state to top the 10,000 mark for the number of major
new developments, led by Metro Detroit.MEDC (2005) Michigan #2 in the
Nation for New Corporate Facilities and Expansions in 2004
Globeinvestor.com PR NEWS WIRE
Even though Michigan is known as the birthplace of the automobile industry, its
diverse economy leads in many other areas. Michigan has a booming
Pfizer makes Michigan one
of its largest global employment locations; As leading research
institutions, the University of Michigan and Michigan State
University are both important partners in the State's economy.
PortsState of Michigan Detroit
Metropolitan Airport is one of the nation's most recently
expanded and modernized airports with six major runways and large
aircraft maintainace facilities capable of servicing and repairing
the Boeing 747. Some of the major industries/products/services
Motors, Ford, Daimler-Chrysler), Amway, cereal
information technology, computer software (Compuware, IBM), pharmaceuticals (Pfizer), medical products
systems equipment (Smith Aerospace, Eaton Aerospace), military
Dynamics, Raytheon), lasers (Rofin-Sinar), financial services
Comerica, National City Bank),
energy equipment (DTE
Energy), fuel cells (Next Energy)
seating (Lear), copper, iron, furniture (Steelcase, Herman
Miller, Haworth, and
Michigan has a thriving tourist industry, with destinations such as
Island, Ludington, Muskegon, Saugatuck, the Upper
Peninsula, Frankenmuth, and Detroit, drawing vacationers, hunters, and nature
enthusiasts from across the United States and Canada. Michigan has more than 90
native species of trees, more than all of Europe combined.
The Bureau of Economic Analysis estimates that Michigan's gross
state product in 2004 was $372 billion.www.bea.gov/bea/newsrel/gspnewsrelease.htm Per capita
personal income in 2003 was $31,178 and ranked twentieth in the
Michigan's flat tax
rate on personal income is 3.90 percent gives it one of the lowest
top brackets in the nation. I-675 in Saginaw.
enters the state near the Michigan-Ohio-Indiana border, and it
extends to Port Huron and provides access to the Blue Water Bridge
crossing into Sarnia, Ontario.
enters the western end of the state at the Indiana border, and it
travels east to Detroit and then northeast to Port Huron and ties
in with I-69.
Interstate 96 runs
east-west between Detroit and Muskegon.
U.S. State Highways
Include: US 12,
US 10, US 223, US 23, US 127, US 27, US 31, US 131, US 2, US 41, US 45, US 141.
Major bridges include the Ambassador Bridge, Blue Water Bridge,
and International Bridge.
Important cities and towns
The following are the largest metropolitan areas in Michigan,
along with their 2000 population and 2000 national ranking
(according to the 2000 census and the census bureau's 2003
definitions of "Metropolitan Statistical Area" and "Micropolitan
- Detroit-Warren-Livonia, population 4,452,557 (9th)
- Grand Rapids-Wyoming, population 740,482 (63rd)
- Lansing-East Lansing, population 447,728 (99th)
- Flint, population 436,141 (104th)
- Ann Arbor, population 322,895 (140th)
- Kalamazoo-Portage, population 314,866 (146th)
- Holland-Grand Haven, population 238,314 (172nd)
- Saginaw-Saginaw Township North, population 210,039
- Muskegon-Norton Shores, population 170,200 (219th)
- Niles-Benton Harbor, population 162,453 (231st)
The census bureau also consolidates some of the above metro
areas into "Combined Statistical Areas". These areas are listed
below along with their 2000 population and 2000 national ranking
(according to the 2000 census and the census bureau's definition of
- Detroit-Warren-Flint, population 5,357,538 (8th)
- Grand Rapids-Muskegon-Holland, population 1,254,661
- Lansing-East Lansing-Owosso, population 519,415
- Saginaw-Bay City-Saginaw Township North, population 320,196
The largest municipalities in Michigan are (according to the
- Detroit, population 951,270 (also known as "Motor
"Hockeytown", and "The D")
Rapids, population 197,800 ("The Furniture City")
population 124,943 (The birthplace of General Motors, also known
as "The Vehicle City")
- Sterling Heights, population 124,471
- Lansing population 119,128, (the state
Arbor population 114,024, (the home of the University of
Michigan, also known as "A²", "A-squared", "Tree Town", "Ace
- Livonia, population 100,545
- Dearborn, population 98,000 (headquarters of the
Company; birthplace of Henry Ford)
- Clinton Township, population 95,648
Other important cities include:
- Battle Creek ("Cereal City U.S.A.")
City (major port on the Saginaw River)
Lansing (home of Michigan State University)
- Holland (Home of the Michigan Dutch)
- Kalamazoo ("The Mall City", "Celery City")
- Marquette (largest city in the Upper
Peninsula with 19,661 people).
- Midland (headquarters of the Dow Chemical
Company and the Dow Corning Corporation)
Huron (major international crossing and home of the Blue Water
Sault Ste. Benton
Harbor is the poorest city in Michigan, with a per capita
income of $8,965.
Colleges and universities
- Adrian College
- Albion College
- Andrews University
- Aquinas College
- Ave Maria College
- Ave Maria School of Law
- Calvin College
- Calvin Theological Seminary
- Center for Humanistic
- Central Bible College
- Central Michigan University
- Cleary University
- College for Creative
- Concordia University
- Cornerstone University
- Cranbrook Academy of Art
- Davenport University
- Detroit Baptist Theological
- Eastern Michigan University
- Ecumenical Theological
- Ferris State University
- Finlandia University
- Grace Bible College
- Grand Rapids Theological
- Grand Valley State
- Great Lakes Christian
- Hillsdale College
- Kalamazoo College
- Kendall College of Art and
- Kettering University
- Kuyper College
- Lake Superior State
- Lawrence Technological
- Lewis College of Business
- Madonna University
- Marygrove College
- Michigan Jewish Institute
- Michigan State University
- Michigan Technological
- Michigan Theological
- Northern Michigan
- Northwood University
- Oakland University
- Olivet College
- Puritan Reformed Theological
- Rochester College
- Sacred Heart Major Seminary
- SS. Cooley Law School
- University of Detroit Mercy
- University of Michigan System
- University of Michigan-Ann
- University of
- University of
- Walsh College of Accountancy and
- Wayne State University
- Western Michigan University
- Western Theological
- William Tyndale College
- Yeshiva Beth Yehudah
Community colleges and technical schools
- American College of Computer and
- Alpena Community College
- Bay de Noc Community
- Bay Mills Community College
- Delta College
- Ellis College of NYIT
- Glen Oaks Community College
- Gogebic Community College
- Grand Rapids Community
- Henry Ford Community
- ITT Technical Institute - Canton, Grand
Rapids, and Troy
- Jackson Community College
- Kalamazoo Valley Community
- Kellogg Community College
- Kirtland Community College
- Lake Michigan College
- Lansing Community College
- Macomb Community College
- Mid-Michigan Community
- Monroe County Community
- Montcalm Community College
- Mott Community College
- Muskegon Community College
- National Institute of Technology -
Southfield and Wyoming
- North Central Michigan
- Northwestern Michigan
- Oakland Community College
- Olympia Career Training Institute -
Grand Rapids and Kalamazoo
Ross Medical Education Center - Saginaw, Flint, Grand
Rapids, Brighton, Muskegon, Redford, Warren, Port Huron,
Lansing, Ann Arbor
- Saint Clair County Community
- Schoolcraft College
- Southwestern Michigan
- University of Phoenix - Detroit and Grand
- Washtenaw Community College
- Wayne County Community
- West Shore Community
Professional sports teamsMost major
league sports teams in Michigan are located in Metro Detroit, with
team (MLB), Detroit Lions football team (NFL), and
hockey team (NHL) located within the city of Detroit. The
Pistons men's basketball team of NBA
and the Detroit
Shock women's basketball team of the WNBA play at the Palace of Auburn
Hills. (The Pistons played at Detroit's Cobo Arena until 1978,
and at Pontiac's Silverdome until 1988.) The Detroit Lions played
Stadium in Detroit until 1974, then moved out to the
Silverdome in Pontiac before moving back to Detroit's Ford Field in 2002. The
Football League's Grand Rapids Rampage is the state's other
"major league" sports team. Professional hockey got its start
in Houghton, Michigan in the U.P., when the Portage
Lakers were formed.
Other notable sports teams include:
|Alpena Ice Diggers
||North American Hockey League
|United Hockey League
|Grand Rapids Griffins
|American Hockey League
|United Hockey League
|North American Hockey League
|United Hockey League
|Ontario Hockey League
|United Hockey League
|Ontario Hockey League
|Traverse City North Stars
|North American Hockey League
||Minor League Baseball, Midwest
|Minor League Baseball, Midwest League
|Minor League Baseball
|Traverse City Beach Bums
|Minor League Baseball
|West Michigan Whitecaps
|Minor League Baseball, Midwest League
||Continental Basketball Association
|Grand Rapids Rampage
||Arena Football League
|Battle Creek Crunch
||Great Lakes Indoor Football League
|Great Lakes Indoor Football League
|Great Lakes Indoor Football League
|Great Lakes Indoor Football League
||Independent Women's Football League
||Major Indoor Soccer League
|USL Premier Development League
|USL Premier Development League
|Women's Premier Soccer League
|USL Premier Development League
|West Michigan Firewomen
TriviaMichigan is simultaneously known for its cities,
supported by heavy industry, and its pristine wilderness, home
to more than 11,000 lakes. The clang and clamor of Metro Detroit's
crowded thoroughfares and busy factories stand in vivid
counterpoint to the tranquility found in virtually every corner
of the state.
An individual from Michigan is called a "Michiganian" or
Michigander?" Michigan is nicknamed the "Great Lakes State",
and also the "Wolverine State", from a nickname earned during
Michigan has over 130 lighthouses, the most of any U.S. state. See
Lighthouses in the United States.
Michigan has the most registered boats (over 1 million) of any
state in the Union.
Michigan is home to the Soo Locks, the world's busiest lock system, and the
Bridges, each formerly the world's longest suspension
bridge. This is a paraphrase of a statement made by British
Wren about his influence on London.
- State song:
My Michigan (official since 1937, but disputed amongst
Michiganders, see Michigan's State
Robin (since 1931)
- State animal: Wolverine (traditional, though not
- State game animal: White-tailed Deer (since 1997)
fish: Brook Trout (since 1965)
- State reptile: Painted Turtle (since 1995)
- State fossil:
- State flower: Apple Blossom (adopted in 1897, official in
- State wildflower: Dwarf Lake Iris (since 1998). Known as Iris
lacustris, it is a federally-listed threatened
Pine (since 1955)
- State stone: Petoskey stone (since 1965). It is composed of
(Hexagonaria pericarnata) from long ago when the middle of
the continent was covered with a shallow sea.
- State gem: Isle Royale greenstone (since 1973). Also called
chlorastrolite (literally "green star stone"), the mineral
is found on Isle
Royale and the Keweenaw peninsula.
Sand (since 1990), ranges in color from black to yellowish
brown, covers nearly a million acres (4,000 km²) in 29
of Michigan counties
- List of Michigan-related topics
- List of highways in Michigan
- List of people from Michigan
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