[1] In 2005, Standard Federal was the largest bank in Michigan based on number of retail branches (265), ATMs (more than 1,000) and deposits (US 23.3B, 15.06% market share); it ranked second in assets.
Offices opened in the basement of the old McGraw Building at the corner of Griswold and Lafayette in downtown Detroit.
It purchased land in 1927 and constructed its own headquarters at the northwest corner of Griswold and Jefferson in 1927.
"Safety For Savings Since 1893"... an old Standard slogan that was never tested so severely as during the Wall Street crash of 1929 and subsequent Great Depression.
After 57 years as Standard Savings & Loan Association, the thrift applied for and received a federal charter in 1950.
The first branch office outside Detroit city limits opened in 1957 in suburban Royal Oak on North Woodward near 12 Mile Road.
It purchased First Federal Savings and Loan Association of Lenawee County, Adrian (Michigan) on August 8, 1992.
In December of the same year, Standard made its largest single acquisition in history – Heritage Federal Savings Bank in Taylor (Michigan).
On November 21, 1996, ABN AMRO reached an agreement to purchase Standard Federal Bancorporation for $1.9 billion; the acquisition completed on May 1, 1997.
[4] In 2001, ABN AMRO acquired Michigan National Bank and merged it into Standard Federal.
[2] A consortium led by Royal Bank of Scotland filed a legal challenge to the deal as ABN AMRO did not seek higher bids from other potential purchasers, however, the Dutch Supreme Court ultimately approved the sale.