Recent news that Bank of Ann Arbor will close, expand and open offices in Washtenaw County this year was only one sign of change among local banks.
Bank of Ann Arbor plans multiple changes in Washtenaw County this year, starting with the closure of its banking convenience center on Washtenaw Avenue at Pittsfield Boulevard.
There's no doubt that the banking industry has seen better days, but the current negative perception of large Wall Street banks on the part of consumers and lawmakers is not completely deserved. Tough economic times and tough new government regulations have combined to make it difficult for banks to lend. ...
Fidelity Bank — which operated two branches in Washtenaw County — will reopen Saturday under The Huntington National Bank.
A coordinated network of criminals used Chelsea State Bank debit card numbers to make more than 2,500 fraudulent purchases over the weekend, the bank reported today.
Citizens Bank plans to move from one block of downtown Ann Arbor to another in mid-March following the expiration of its long-time lease. The bank will move to the first floor of 350 S. Main, the MAV Development mixed-use building at the northwest corner of South Main and West William.
The Dearborn-based credit union that took over Ann Arbor-based Midwest Financial Credit Union in October has laid off between 10 and 15 ex-Midwest employees, sources said. DFCU Financial, Michigan's largest credit union with more than $3 billion in assets, had indicated that it would not cut any former Midwest Financial ...
The “Office Space For Lease” signs that appeared this week in the windows of Citizens Bank in downtown Ann Arbor made me wonder: Is this branch going to be newest downtown vacancy? Not according to the bank. “We’re expecting to stay,” said Brian Smith, spokesperson for the Flint-based Citizens Republic ...
Ann Arbor-based Michigan Commerce Bank remains under increased state and federal oversight as the financial institution seeks to strengthen its finances. At the end of the second quarter, the bank had $1.136 billion in assets, a drop of $75.5 million from the same period in 2009, according to data released ...
Lake Trust Credit Union seeks to build a new branch in a former bank building on West Stadium in Ann Arbor. Site plans were submitted in early August to demolish the former Fidelity Bank at West Stadium Boulevard and West Liberty Street, and rebuild a retail banking center for the ...
(Note: This story has been corrected to reflect the fact that DFCU Financial is the state's largest credit union.)As consumers consider alternatives to the big banks whose risky investment practices played a major role in sparking the financial crisis, the Ann Arbor region’s credit unions are reaping benefits and positioning ...
Michigan Commerce Bank - a collective of 11 banks reorganized in 2009 under the charter of Ann Arbor Commerce Bank - is working through points listed in a recent consent order that attempts to correct its eroding financial condition. So far, officials said, results include adding staff to work through ...
A small section on one page of the recently enacted 2,000-plus-page health care bill revises Section 6041 of the Internal Revenue Code to extend Form 1099 reporting to the IRS. This mandate would be effective beginning in 2012 and may require new systems and many hours of work to your ...
Ann Arbor-based MidWest Financial Credit Union seeks to merge with DFCU Financial, based in Dearborn, according to documents filed with the state. The merger, after it's approved, would result in MWFCU members and assets moving into the Dearborn-based financial institution, which is the largest credit union in Michigan. The announcement ...
University Bancorp Inc. today announced 2009 earnings of $693,517, compared to $34,739 in 2008. The holding company for University Bank, based on Washtenaw in Ann Arbor, also announced that state and federal regulators released the bank from a 2009 agreement designed to improve bank operations.
Angela J. Cesere | AnnArbor.com AnnArbor.com's partner news site MLive.com is on a quest to find the best barbecue in ......
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