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Banks vs Payday Loans in Michigan
2,067 branches of 99 FDIC-insured banks operate in Michigan; 72 of these banks are headquartered in the state. Data: FDIC BankFind, as of June 30, 2026. There are also 137 payday, installment and title loan stores of 5 chains in Michigan — about 15.1 bank branches for every loan store.
- Bank branches
- 2,067
- Payday & loan stores
- 137
- Banks with branches
- 99
- Loan store chains
- 5
- Bank branches per 100k
- 20.6
- Loan stores per 100k
- 1.4
- Headquartered in Michigan
- 72
Payday loan stores by city in Michigan
137 stores in 74 cities and towns across Michigan. Pick a city for the full list of loan stores and bank branches with addresses and phone numbers, or scroll down for the smaller towns.
Michigan has about 10,051,577 residents, so that's 1 loan stores and 21 bank branches per 100,000 people. Population: U.S. Census Bureau, American Community Survey.
- Detroit · 8
- Grand Rapids · 8
- Southfield · 6
- Muskegon · 5
- Saginaw · 5
- Battle Creek · 4
- Flint · 4
- Lansing · 4
- Jackson · 3
- Midland · 3
- Saint Clair Shores · 3
- Westland · 3
- Bay City · 2
- Holland · 2
- Livonia · 2
- Monroe · 2
- Portage · 2
- Redford · 2
- Sterling Heights · 2
- Traverse City · 2
- Waterford · 2
- Ann Arbor · 1
- Canton · 1
- Clinton Township · 1
- Dearborn · 1
- Dearborn Heights · 1
- Farmington · 1
- Howell · 1
- Kalamazoo · 1
- Macomb · 1
- New Baltimore · 1
- Pontiac · 1
- Taylor · 1
- Troy · 1
- Utica · 1
- Warren · 1
- Wyoming · 1
- Ypsilanti · 1
Payday and installment loan stores in Michigan
Storefront lenders with locations in Michigan, by number of stores. Most offer payday, installment or title loans, which cost far more than a bank or credit union loan.
| Lender | Stores in MI | Cities | Website |
|---|---|---|---|
| Advance America | 69 | 54 | advanceamerica.net |
| Check 'n Go | 35 | 31 | checkngo.com |
| OneMain Financial | 26 | 26 | onemainfinancial.com |
| Check Into Cash | 6 | 6 | checkintocash.com |
| loanDepot | 1 | 1 | loandepot.com |
Banks with branches in Michigan
| Bank | Branches in MI | Headquarters | Total assets | Website |
|---|---|---|---|---|
| The Huntington National Bank | 435 | Columbus, OH | $283.1B | huntington.com |
| Fifth Third Bank, National Association | 290 | Cincinnati, OH | $299.2B | 53.com |
| JPMorgan Chase Bank, National Association | 171 | Columbus, OH | $4.1T | jpmorganchase.com |
| PNC Bank, National Association | 124 | Wilmington, DE | $609.8B | pnc.com |
| Flagstar Bank, National Association | 101 | Hicksville, NY | $87.7B | flagstar.com |
| Bank of America, National Association | 72 | Charlotte, NC | $2.7T | bankofamerica.com |
| Citizens Bank, National Association | 65 | Providence, RI | $232.5B | citizensbank.com |
| Independent Bank | 59 | Grand Rapids, MI | $5.7B | independentbank.com |
| ChoiceOne Bank | 50 | Sparta, MI | $4.5B | choiceone.bank |
| Mercantile Bank | 41 | Grand Rapids, MI | $6.2B | mercbank.com |
| First Merchants Bank | 34 | Muncie, IN | $21.3B | firstmerchants.com |
| Isabella Bank | 32 | Mount Pleasant, MI | $2.2B | isabellabank.com |
| Horizon Bank | 29 | Michigan City, IN | $6.5B | horizonbank.com |
| Macatawa Bank, National Association | 28 | Holland, MI | $3.7B | macatawabank.com |
| Southern Michigan Bank & Trust | 21 | Coldwater, MI | $1.7B | smb-t.com |
| Old National Bank | 20 | Evansville, IN | $73.9B | oldnational.com |
| KeyBank National Association | 19 | Cleveland, OH | $188.6B | key.com |
| Bank of Ann Arbor | 18 | Ann Arbor, MI | $3.5B | bankofannarbor.com |
| Sturgis Bank & Trust Company | 17 | Sturgis, MI | $1.0B | sturgis.bank |
| Nicolet National Bank | 15 | Green Bay, WI | $15.4B | nicoletbank.com |
| County National Bank | 15 | Hillsdale, MI | $1.4B | cnbb.bank |
| United Bank of Michigan | 13 | Grand Rapids, MI | $1.1B | unitedbank4u.com |
| Thumb Bank and Trust | 13 | Pigeon, MI | $673.3M | thumb.bank |
| Eastern Michigan Bank | 13 | Croswell, MI | $553.6M | emb.bank |
| Lake-Osceola State Bank | 13 | Baldwin, MI | $469.4M | losb.com |
| Tri-County Bank | 12 | Brown City, MI | $638.6M | tri-countybank.bank |
| First State Bank | 11 | Eastpointe, MI | $1.3B | fsb.bank |
| Northstar Bank | 11 | Bad Axe, MI | $1.2B | northstarathome.bank |
| Commercial Bank | 11 | Ithaca, MI | $552.7M | commercial-bank.com |
| Century Bank and Trust | 11 | Coldwater, MI | $494.0M | centurybankandtrust.com |
| Superior National Bank | 10 | Hancock, MI | $1.0B | snb-t.com |
| Citizens National Bank of Cheboygan | 10 | Cheboygan, MI | $471.0M | cnbismybank.com |
| First Community Bank | 10 | Harbor Springs, MI | $413.6M | firstcb.com |
| Oxford Bank | 9 | Oxford, MI | $930.5M | oxfordbank.com |
| West Shore Bank | 9 | Ludington, MI | $833.6M | westshorebank.com |
| Central Savings Bank | 9 | Sault Sainte Marie, MI | $516.8M | centralsavingsbank.com |
| Honor Bank | 9 | Honor, MI | $442.7M | myhonorbank.com |
| State Savings Bank | 9 | Frankfort, MI | $431.2M | ssbankmi.com |
| The Shelby State Bank | 9 | Shelby, MI | $397.0M | shelbybank.com |
| Union Bank | 9 | Grand Rapids, MI | $396.7M | ubmich.com |
| 1st Source Bank | 8 | South Bend, IN | $9.3B | 1stsource.com |
| West Michigan Community Bank | 8 | Hudsonville, MI | $1.2B | wmcb.bank |
| First Bank, Upper Michigan | 8 | Gladstone, MI | $629.5M | first-bank.com |
| Range Bank | 8 | Marquette, MI | $604.1M | rangebank.com |
| Huron Community Bank | 8 | East Tawas, MI | $323.3M | bankhcb.com |
| First National Bank of Michigan | 7 | Kalamazoo, MI | $988.9M | fnbmichigan.bank |
| Highpoint Community Bank | 7 | Hastings, MI | $592.4M | highpointcommunitybank.com |
| Eaton Community Bank | 7 | Charlotte, MI | $543.5M | eaton.bank |
| First National Bank & Trust Co. | 7 | Iron Mountain, MI | $386.4M | fnbimk.com |
| The First National Bank of St. Ignace | 7 | St. Ignace, MI | $335.8M | fnbsi.com |
| Charlevoix State Bank | 7 | Charlevoix, MI | $248.3M | charlevoixstatebank.com |
| IncredibleBank | 6 | Wausau, WI | $2.1B | incrediblebank.com |
| The Miners State Bank | 6 | Iron River, MI | $134.8M | theminersstatebank.com |
| WesBanco Bank, Inc. | 5 | Wheeling, WV | $27.7B | wesbanco.com |
| 1st State Bank | 5 | Saginaw, MI | $490.1M | 1ststate.bank |
| Upper Peninsula State Bank | 5 | Escanaba, MI | $371.7M | upstatebank.net |
| Dearborn Federal Savings Bank | 5 | Dearborn, MI | $306.6M | mydfsb.com |
| Northern Interstate Bank, N. A. | 5 | Norway, MI | $193.5M | banknib.com |
| Peoples State Bank of Munising | 5 | Munising, MI | $190.4M | psbup.com |
| The Dart Bank | 4 | Mason, MI | $1.5B | dart.bank |
| Chelsea State Bank | 4 | Chelsea, MI | $416.5M | chelseastate.bank |
| Bank of England | 4 | England, AR | $332.3M | bankofengland-ar.com |
| Alden State Bank | 4 | Alden, MI | $318.4M | alden.bank |
| Bay Port State Bank | 4 | Bay Port, MI | $153.4M | bayportstatebank.com |
| G. W. Jones Exchange Bank | 4 | Marcellus, MI | $122.8M | gwjonesbank.com |
| First National Bank of America | 3 | East Lansing, MI | $6.8B | fnba.com |
| Citizens State Bank | 3 | Royal Oak, MI | $581.0M | micsb.com |
| Huron Valley State Bank | 3 | Milford, MI | $291.9M | hvsb.com |
| The State Savings Bank of Manistique | 3 | Manistique, MI | $178.2M | statesavingsbank.com |
| Bank Michigan | 3 | Brooklyn, MI | $176.0M | bankmichigan.bank |
| Baybank | 3 | Gladstone, MI | $173.4M | baybank.us |
| Sidney State Bank | 3 | Sidney, MI | $138.7M | sidneybank.com |
| Kalamazoo County State Bank | 3 | Schoolcraft, MI | $118.4M | kcsbank.com |
| Homestead Savings Bank | 3 | Albion, MI | $71.6M | hsbank.bank |
| The Northern Trust Company | 2 | Chicago, IL | $178.6B | northerntrust.com |
| The Farmers & Merchants State Bank | 2 | Archbold, OH | $3.5B | fm.bank |
| Waterford Bank, N.A. | 2 | Toledo, OH | $1.8B | waterfordbankna.com |
| University Bank | 2 | Ann Arbor, MI | $1.2B | university-bank.com |
| First Independence Bank | 2 | Detroit, MI | $875.3M | firstindependence.com |
| Grand River Bank | 2 | Grandville, MI | $507.3M | grandriverbank.com |
| Capitol National Bank | 2 | Lansing, MI | $209.3M | capitolnational.com |
| Mayville State Bank | 2 | Mayville, MI | $94.6M | mayvillestatebank.com |
| First State Bank of Michigan | 2 | Decatur, MI | $87.8M | fsbdecatur.com |
| The First National Bank of Wakefield | 2 | Wakefield, MI | $52.6M | fnbwakefieldmi.com |
| Wells Fargo Bank, National Association | 1 | Sioux Falls, SD | $1.9T | wellsfargo.com |
| CIBC Bank USA | 1 | Chicago, IL | $66.5B | us.cibc.com |
| First Financial Bank | 1 | Cincinnati, OH | $22.4B | bankatfirst.com |
| Northpointe Bank | 1 | Grand Rapids, MI | $7.5B | northpointe.com |
| Farmers State Bank | 1 | Lagrange, IN | $1.3B | farmersstatebank.com |
| Liberty Bank and Trust Company | 1 | New Orleans, LA | $1.1B | libertybank.net |
| Wilmington Trust, National Association | 1 | Wilmington, DE | $772.1M | wilmingtontrust.com |
| The Stephenson National Bank and Trust | 1 | Marinette, WI | $676.8M | snbt.com |
| CIBC National Trust Company | 1 | Atlanta, GA | $412.8M | private-wealth.us.cibc.com |
| Mi Bank | 1 | Bloomfield Township, MI | $245.5M | mi.bank |
| Blissfield State Bank | 1 | Blissfield, MI | $114.6M | blissfieldstate.com |
| Community Unity Bank | 1 | Birmingham, MI | $107.1M | communityunity.bank |
| Huron State Bank | 1 | Rogers City, MI | $95.1M | huronstatebank.com |
| JPMorgan Chase Bank, Dearborn | 1 | Dearborn, MI | $71.5M | — |
| The Port Austin State Bank | 1 | Port Austin, MI | $67.8M | portaustinbank.com |
Bank branches in Michigan by type
- Full-service branches
- 1,788
- 86.5%
- In-store branches
- 19
- 0.9%
- Drive-thru & detached
- 55
- 2.7%
- Loan offices
- 20
- 1.0%
- Other limited-service
- 185
- 9.0%
Banks vs loan stores: cities in Michigan
| City | Bank branches | Banks | Loan stores |
|---|---|---|---|
| Grand Rapids | 123 | 25 | 8 |
| Detroit | 69 | 11 | 8 |
| Holland | 46 | 13 | 2 |
| Ann Arbor | 45 | 14 | 1 |
| Muskegon | 42 | 7 | 5 |
| Traverse City | 29 | 13 | 2 |
| Sterling Heights | 28 | 9 | 2 |
| Troy | 27 | 14 | 1 |
| Kalamazoo | 26 | 10 | 1 |
| Lansing | 24 | 9 | 4 |
| Rochester | 23 | 9 | — |
| Bloomfield Hills | 22 | 10 | — |
Bank branches are located in 456 Michigan cities and towns.
More city pages in Michigan
Loan stores in smaller towns of Michigan
Other cities and towns in Michigan with payday or installment loan stores, and the number of stores in each.
- Adrian 2
- Alma 1
- Auburn Hills 1
- Belleville 1
- Benton Harbor 2
- Big Rapids 1
- Brighton 1
- Burton 1
- Center Line 1
- Clio 1
- Ferndale 1
- Flat Rock 1
- Fort Gratiot 1
- Fraser 1
- Garden City 2
- Gaylord 2
- Hamtramck 1
- Highland Park 2
- Hillsdale 1
- Ionia 1
- Lincoln Park 1
- Ludington 1
- Madison Heights 1
- Melvindale 1
- Mount Morris 1
- Mount Pleasant 2
- Niles 3
- Oak Park 2
- Port Huron 2
- Roseville 1
- Saint Joseph 1
- Southgate 1
- Sturgis 1
- Trenton 1
- Walled Lake 1
- Wayne 1
Bank branches as reported to the FDIC, including main offices. Total assets are for the whole bank, not only its Michigan branches. Loan stores: storefront locations of major payday, installment and title lenders; online-only lenders are not included.