Michigan National Corp. was inadvertently omitted from American Banker's March 10 listing of the largest originators of automated clearing house payments. The Farmington Hills-based company originated 6.2 million debit items and 8.66 million credit items in 1997. Its total of 14,863,438 was 5% higher than that of the previous year. Michigan National should have ranked 30th, with each originator below it on the list dropping one place.


Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.