Displaying items tagged: Southern Michigan Bank & Trust
The $20 million in capital that West Shore Bank Corp. raised toward the end of 2021 will go to support further commercial loan growth.
Some of the smallest banks in Michigan’s market recorded the biggest growth rates in deposits during a recent 12-month period of the COVID-19 pandemic.
Southern Michigan Bancorp, the parent company of Southern Michigan Bank & Trust, saw net income rise on a year-over-year basis in the second quarter.
A lower federal corporate tax rate contributed to higher earnings for West Michigan community banks that reported quarterly results this week.