How does Bank of Michigan maintain high-credit quality while steadily increasing
its client base?
Honor in banking is a core principle at Bank of Michigan when it comes to customer
care and treatment. At Bank of Michigan, our staff prides itself on ensuring that
our clients want to bank with us. Each and every client contact and transaction
is based on friendliness, professionalism and mutual respect.
Similarly, it is our goal at Bank of Michigan to bank with clients who value honor
in their professional relationships. The vast majority of our clients are referred
to us by our board members or existing clients. Our ability to know our clients
has been a key component to our success and is the single most important reason
why we have been able to perform well during difficult times. This culture pervades
the bank with our staff, management and board of directors.
Our directors have kept us in good stead with their informed directness on matters
relating to loan quality and business development, and their approach to managing
risk. Our strategy of smart growth demonstrates a decision-making process that is
patient and mature. It is grounded in years of practical business experience and
strong relationships.
This ethic has been carefully developed over the last several years and has prepared
Bank of Michigan for continued success in the years to come.
— Michael G. Sarafa, President & CEO