Southern Michigan Bancorp Company Description
Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.
Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit.
The company also provides home mortgages and equity loans, home equity lines of credit, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods.
In addition, it offers trust and investment services that include investment management, trustee, IRA rollovers and retirement plans, institutional and personal custody, estate settlement, wealth management, estate and wealth transfer planning assistance, charitable gift planning assistance, and cash management custody services, as well as safe deposit box and automated teller machine services.
Further, the company provides treasury services, such as cash management, ACH services, business bill pay, e-statements, merchant services, payroll cards, positive pay, remote deposit capture, and wire transfers, as well as ATM, debit, credit, pay, prepaid, and gift cards; municipal, online, and mobile banking; life insurance; and bill payment and fraud protection services.
The company was founded in 1871 and is based in Coldwater, Michigan.
| Country | United States |
| Founded | 1871 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 173 |
| CEO | John Waldron |
Contact Details
Address: 51 West Pearl Street Coldwater, Michigan 49036 United States | |
| Phone | 517 279 5500 |
| Website | smb-t.com |
Stock Details
| Ticker Symbol | SOMC |
| Exchange | OTCMKTS |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| ISIN Number | US84336P1030 |
| SIC Code | 6020 |
Key Executives
| Name | Position |
|---|---|
| John R. Waldron | President, Chief Executive Officer and Director |
| Danice L. Chartrand | Senior Vice President, Accounting Director and Secretary |
| Kevin A. Twardy | Senior Vice President, Chief Financial Officer and Treasurer |
| Eric M. Anglin | Executive Vice President, Chief Operating Officer and Chief Strategy Officer |
| Aaron L. Lewis | Executive Vice President and Chief Credit Officer |
| Nicholas M. Grabowski | Executive Vice President and Chief Lending Officer |