Southern Michigan Bancorp, Inc. (SOMC)
OTCMKTS · Delayed Price · Currency is USD
20.99
+0.61 (2.99%)
Jun 13, 2025, 11:26 AM EDT

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.

Southern Michigan Bancorp, Inc.
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