Articles tagged:Bank of Ann Arbor

Posted: Tue May 22 1:36 p.m. by Lizzy Alfs Business Reporter
Bank of Ann Arbor's Tim Marshall appointed chairman of Ann Arbor SPARK

Bank of Ann Arbor CEO Tim Marshall is the new chairman of Ann Arbor SPARK’s board of directors, the economic development group announced at its annual meeting Monday.

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Posted: Sat May 29 5:55 a.m. by Roger LeLievre AnnArbor.com Freelance Journalist
Ann Arbor's Sonic Lunch adds musical spice to Thursdays downtown

In the mood for something extra-tasty for your mid-day meal this summer? Then feast your ears on Sonic Lunch, the free concert series that returns Thursdays from June 3 -Aug. 26 at the corner of Division and Liberty streets. “It puts a soundtrack to the city for the summer, at ...

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Posted: Thu May 20 5:24 a.m. by Angela Smith AnnArbor.com Freelance Journalist

Sun & Snow is gearing up for the sunny season; swim suits, goggles, kayaking, biking gear and sunglasses have all made it to the sales floor already. This just in time for the Grand Opening Celebration at their second location in nearby Plymouth. The event will kick off at 6 ...

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Posted: Sun Jan 24 6 a.m. by Nathan Bomey Business news director

Call it hibernating capital.A growing effort to convince wealthy individuals to invest directly in local startup companies is the objective of some leaders in Ann Arbor’s entrepreneurial community. Michigan has 157,642 households with liquid assets worth at least $1 million, according to Phoenix Affluent Marketing Service. That means Michigan has ...

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Posted: Thu Nov 19 5:40 a.m. by Dan Meisler Freelance reporter
Ann Arbor banks tighten belts to get back into the black

United Bancorp, the parent company of United Bank & Trust, which has 16 offices in Washtenaw, Lenawee and Monroe counties, has been cutting costs in an effort to get back into the black. After implementing a freeze on hiring and merit raises at the beginning of the year, the company ...

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Posted: Thu Nov 5 5:49 a.m. by Dan Meisler Freelance reporter

Revenue from mortgage origination is helping offset the continuing drag on earnings from poor quality real estate development loans for the county's top two community banks, according to quarterly reports. Bank of Ann Arbor, the top community bank by deposit market share according to the Federal Insurance Deposit Corp., earned ...

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Posted: Fri Sep 18 8:54 a.m. by Jim Knight AnnArbor.com Sports Director

Eleven University of Michigan coaches have mortgages with The Bank of Ann Arbor, which was founded by U-M athletic director Bill Martin, the Detroit News reports today. Is that a conflict of interest? Martin, the chairman of the board at the bank, said he didn't know about the loans until ...

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Posted: Thu Sep 17 7:07 a.m. by Dan Meisler Freelance reporter

One year after the bottom fell out from under the major Wall Street financial institutions, local community banking leaders are looking forward to grabbing a larger market share, while offering different perspectives on the actions the government took to prevent more large banks from failing in fall 2008. "All the ...

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Posted: Mon Aug 3 5:05 p.m. by Dan Meisler Freelance reporter

Losses from nonperforming real estate loans continue to eat away at the bottom lines of local banks, but increased mortgage activity - some of it driven by attempts to take advantage of rules on home appraisals -- has resulted in first-half profits for one local lender. A nearly fourfold increase ...

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Posted: Thu Jul 23 8:13 a.m. by Julanne Williams Community Contributor
1st Westgate Summer Festival draws huge crowd

The 1st Westgate Summer Festival was a big hit! Thanks to the tremendous effort of a few really great merchants in the plaza who were willing to donate time, talent and dollars: Sun & Snow, Nicola’s Bookstore, Norton’s Flowers, Kroger’s on Maple Rd., and The Quarter Bistro & Tavern.

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