“Why Mi BANK?”

A frequently used term in business today is scaling, “to grow or expand in a proportional and usually profitable way”. This strategy is particularly visible in the banking industry, where the big keep getting bigger, in order to drive efficiencies and profitability. While this may benefit the shareholder, it often works to the detriment of the customer. There are several unintended consequences, including the inability for the bank to know its customers. This happens in part because decision making is centralized and products and services are delivered through multiple delivery channels. Sound familiar?

That’s why we created Mi BANK; a business bank built for business owners. At Mi BANK, you have a single banker, whose job it is to get to know you and your business. Your Banker delivers both personal and business resources to your doorstep. This allows us to quickly respond to all your needs, with products and services tailored for you.

Our success is driven by our bankers, who leverage our state-of-the-art technology with superior personal service. Please reach out to us. We are anxious to learn more about you and your business.

Rob Farr
Chairman & CEO

Meet The Bank Board

Annual Reports

2019 Annual Report
2020 Annual Report

Shareholder Updates

Fall 2019
Spring 2020
Second Quarter 2020
Fall 2020
Fourth Quarter 2020
First Quarter 2021
Summer 2021
Second Quarter 2021
Third Quarter 2021

Making Headlines

NEWS: Notable Women in Banking

NEWS: Warren Rose Appointed Lead Director

NEWS: Mi BANK Develops Digital Lending Platform to Expedite Business Loans

NEWS: Demand for PPP loans is lower than for the first round. That’s good news and bad news

NEWS: A Bloomfield Hills office space (on Lahser and Maple roads) was to be transformed into the new Mi BANK

NEWS: Meier to Lead Daily Operations of New Bloomfield Hills Based Bank

NEWS: New Mi BANK hires familiar executive as president

NEWS: Mi BANK to Open in Bloomfield Hills in May, Secures $30M During Capital Raise

NEWS: Banking veteran plans first new bank in Michigan since recession

NEWS: Mi BANK Finds its Niche with Fiserv Technology