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Displaying items tagged: Southern Michigan Bank & Trust

Sunday, 16 January 2022 18:19

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.

Published in Small Business
Sunday, 10 October 2021 17:30

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.

Published in Finance
Sunday, 04 July 2021 16:30

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.

Published in Finance

Wednesday, 25 July 2018 09:57

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.

Published in Breaking News
Friday, 27 April 2018 11:21

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.

Published in Breaking News