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Displaying items by tag: Southern Michigan Bank & Trust

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

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