Displaying items tagged: Southern Michigan Bank & Trust
Michigan community banks leverage tens of millions in capital raises
The $20 million in capital that West Shore Bank Corp. raised toward the end of 2021 will go to support further commercial loan growth.
New customers, federal relief programs drive growth in bank deposits
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.
Baldwin bank raises $15M to support growth
BALDWIN — A surge in deposits led a small community bank serving rural markets north of Grand Rapids to raise $15 million that will go to support growth and maintain regulated capital ratios.
Southern Michigan Bank reports higher earnings
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.
Federal tax reform boosts earnings for West Michigan community banks
A lower federal corporate tax rate contributed to higher earnings for West Michigan community banks that reported quarterly results this week.
