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Wilbur Ross sells his stake in Talmer Bancorp

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Wilbur Ross sells his stake in Talmer Bancorp Tom Henderson - Troy-based Talmer Bancorp Inc. (Nasdaq: TLMR) announced Monday the closing of a secondary public offering by which funds affiliated with New York-based WL Ross & Co. LLC sold 9.7 million shares of Class A common stock in the bank. Talmer purchased almost 5.1 million shares at $14.77 a share for an aggregate price of almost $75 million. Keefe, Bruyette & Woods Inc. acted as the sole underwriter for the offering and offered almost 4.6 million shares to the public on behalf of the

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