Press Room

PRESS RELEASE:

Brian Schwartz Named Chief Investment Officer at Mi BANK

Mi BANK announced today the appointment of Brian Schwartz, CFA, as Chief Investment Officer of its new Private Client, Family Office Group. In this role, Schwartz will be responsible for crafting strategic partnerships with sophisticated investment advisory firms across the United States.
View Complete Story

NEWS:

Notable Women in Banking

The women featured in this special report oversee billions of dollars in assets at banks across Michigan. They lead mortgage relief programs, lending programs for minority-owned businesses and payroll protection program loan programs.
View Complete Story

PRESS RELEASE:

Warren Rose Appointed Lead Director

Warren Rose, the CEO of Bloomfield Hills-based Edward Rose & Sons, has been appointed to the new position of lead director for Bloomfield Hills-based Mi Bancorp, which is the holding company for Mi Bank.
View Complete Story

NEWS:

Mi BANK Develops Digital Lending Platform to Expedite Business Loans

Mi BANK in Bloomfield Hills has partnered with Southfield-based Altimetrik to develop a new digital lending platform to review and approve small business loan requests in an efficient and expedited manner. The platform is currently being tested and will be introduced in January 2022 as part of a small business lending initiative.
View Complete Story

NEWS:

Demand for PPP Loans is Lower Than for the First Round. That’s Good News and Bad News

Most Southeast Michigan commercial banks are now a week or more into the rebooted Paycheck Protection Program. While demand for the potentially forgivable loans remains strong, lenders say demand is nothing like it was last spring.
View Complete Story

NEWS:

Mi BANK among 14 new banks approved by The Federal Deposit Insurance Corp. in 2018

Mi Bank significantly exceeded its $20 million capital goal before opening in late May. The Bloomfield, Mich., de novo’s organizers brought in more than $30 million on their way to opening the state’s first new bank since the financial crisis.
View Complete Story

PRESS RELEASE:

Mi BANK names Rita Facchini Senior Vice President

Banking industry veteran, Rita Facchini, has joined Bloomfield Hills-based Mi BANK as senior vice president. Facchini brings extensive experience in construction lending, investment real estate financing, and medical/dental practice lending. Mi BANK officially opens Tuesday, May 28, 2019.
View Complete Story

PRESS RELEASE:

Mi BANK Names Tom Dorr Chief Operating and Financial Officer

Rob Farr, chairman and CEO of Mi BANK, today announced the appointment of Tom Dorr as chief operating and financial officer. In this role, Dorr will coordinate the implementation of innovative technologies and develop tailored financial tools to empower Mi BANK clients to achieve their goals.
View Complete Story

PRESS RELEASE:

Meier to Lead Daily Operations of New Bloomfield Hills Based Bank

Rob Farr, chairman and CEO of Mi BANK, today announced the appointment of Jenny Meier as president. Mi BANK is the first new bank in the Midwest since 2009. Located at 3707 W. Maple Road, Suite 110 in Bloomfield Hills, Mi BANK opens its doors for business on Tuesday, May 28, 2019.
View Complete Story

NEWS:

New Mi BANK hires familiar executive as president

Jenny Meier, a former executive at Bank of Ann Arbor, is the new president of the de novo Mi Bank, scheduled to open May 28 in Bloomfield Township.
View Complete Story

NEWS:

Michigan de novo surpasses capital goal, plans May opening

MiCommunity Bancorp in Bloomfield Township, Mich., plans to open next month.
Organizers of MiCommunity, the parent of Mi Bank, said in a press release Monday that they have raised $30 million. The group was required in October to raise at least $20 million as part of the regulatory approval for deposit insurance.
View Complete Story

NEWS:

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

Mi BANK reports it has secured $30 million in capital, rather than the needed $25 million required to open the first new bank in the Midwest since 2009. It will be located at 3707 W. Maple Road, Suite 110 in Bloomfield Hills, and will open Tuesday, May 28.
View Complete Story

PRESS RELEASE:

Mi BANK Finds its Niche with Fiserv Technology

Fiserv, Inc. (NASDAQ: FISV),a leading global provider of financial services technology solutions, announced today that Mi BANK will leverage Fiserv technology and expertise as it opens its doors as the first de novo bank in Michigan in a decade. Based in Bloomfield Township, Mi BANK is focused on serving the distinct financial needs of mid-size and commercial businesses.
View Complete Story

NEWS:

Banking veteran plans first new bank in Michigan since recession

The veteran local banker is aiming to open the first new bank in Michigan since 2009.
Last week, he filed an application with the state and the Federal Deposit Insurance Corp. to charter a new community bank planned for the corner of Lahser and Maple roads in Bloomfield Township.
View Complete Story