Robert J. Mylod became chairman and CEO of Michigan National in 1985, succeeding Edwin B. Jones.

ABN AMRO announced on 22 November 2000, that it had signed a definitive agreement with National Australia Bank Ltd for the acquisition of MNC for US$2.75 billion in cash.

MNC's primary subsidiary was Michigan National Bank with 3,600 employees, 184 branches and 332 ATMs.

On 2 April 2001, MNC was acquired by ABN AMRO North America, Inc., the parent company of Troy, Michigan based Standard Federal Bank.

The merged company retained the Standard Federal name, but dropped Standard's federal savings bank charter in favor of Michigan National's national bank charter.