Southern Michigan Bancorp Inc. and Southern Michigan Bank & Trust Announce Resignation of Thomas D. Meyer as Director, Effective as of December 31, 2012
November 21, 2012 at 07:19 pm IST
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On November 19, 2012, Southern Michigan Bancorp Inc. accepted Thomas D. Meyer's resignation from his position as a director of the company and its wholly-owned bank subsidiary, Southern Michigan Bank & Trust, effective as of December 31, 2012. There is no disagreement between the company and Mr. Meyer.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust (The Bank). The Bank operates about 18 branches within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph counties, providing a range of consumer, business, and wealth management services throughout the region. Its business, which it conducts primarily through the Bank, is concentrated in a single industry segment, commercial banking. The Bank offers a variety of deposit, payment, credit, and other financial services to all types of customers. The Bankâs commercial lending covers categories, such as business, industrial, agricultural, construction, inventory, and real estate. It offers trust and investment services, which include investment management, trustee services, and others. It also owns Southern Michigan Bancorp Capital Trust I, SMB Risk Management, Inc., and 27 Marshall Street, LLC. The Bank wholly owns SMB Financial Services, Inc.
Southern Michigan Bancorp Inc. and Southern Michigan Bank & Trust Announce Resignation of Thomas D. Meyer as Director, Effective as of December 31, 2012