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Eastern Michigan Bank News

Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Second Quarter Dividend

5.22.2024 -- At their May 21, 2024, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.40 per share to be paid on June 28, 2024, to shareholders of record as of June 21, 2024.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the
symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email

For quarterly and annual financial data, please visit our Investor Information page.


Jasmine Williams Promoted to Assistant Vice President

2.22.2024 -- William Oldford, Jr., President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Commercial Loan Officer Jasmine Williams to Assistant Vice President, Commercial Loan Officer.

Williams began her career at Eastern Michigan Bank in 2013 and has held various positions of increasing responsibility, including Credit Analyst (2016-2018), Senior Credit Analyst (2018 -2020), and Commercial Portfolio Officer (2020-2021). She was promoted to Commercial Loan Officer in 2021.

“It has been exciting to watch Jasmine grow with the Bank and take on new roles,” commented Oldford. “We look forward to her future contributions as a valued member of our lending team.”

In addition to her banking experience, Williams holds a Bachelor of Business Administration (BBA) degree from Walsh College with a major in finance. She is also a board member of the Blue Water Young Professionals and SC4 Foundation and serves on the Grants Committee at the St. Clair County Community Foundation.

Jasmine resides with her family in Kimball Township.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Special First Quarter Dividend

2.21.2024 -- At their February 20, 2024, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a one-time special cash dividend of $0.50 per share to be paid on March 15, 2024, to shareholders of record as of March 8, 2024.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares First Quarter Dividend

2.21.2024 -- At their February 20, 2024, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.40 per share to be paid on March 29, 2024, to shareholders of record as of March 22, 2023.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the
symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email

For quarterly and annual financial data, please visit our Investor Information page.


Eastern Michigan Financial Corporation Announces 2024 Share Repurchase Program

2.21.2024 -- Eastern Michigan Financial Corporation (OTC Pink: EFIN) has announced that its Board of Directors has approved a program for the repurchase of shares of its common stock, commencing March 1, 2024, and ending at the close of market on February 28, 2025. This program allows the Company to repurchase up to $500,000 of its common stock, inclusive of brokerage commissions and fees, which is approximately 1.39% of its outstanding common stock. As of January 31, 2024, the Company had 1,254,208 shares of its common stock outstanding. The program does not obligate the Company to acquire a specific dollar amount or the number of shares and may be modified, suspended, or discontinued at any time.

Repurchases under the program may be made from time to time at the Company’s discretion in open market transactions, in privately negotiated transactions, and pursuant to any trading plan that may be adopted by the Company’s management. The timing and the actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, and market conditions. Repurchases will be funded by existing cash and cash equivalents.

The Company has completed the repurchase program announced in August 2022. The Company purchased 19,885 shares at an average cost of $25.04 per share.

Eastern Michigan Financial Corporation is a bank holding company with approximately $540 million in assets and the sole owner of Eastern Michigan Bank. Originally chartered as the State Bank of Croswell in 1895, Eastern Michigan Bank currently operates nine banking offices and a loan operations center, providing a full range of commercial and consumer banking services primarily in the Sanilac, St. Clair, and Huron County, Michigan communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Ruth, Port Huron, and Sandusky. Eastern Michigan Bank offers a broad range of deposit services, including checking accounts, savings accounts, and time deposits of various types as well as loans for commercial and consumer purposes. Clients include individuals, businesses, schools, associations, churches, non-profit organizations, and government entities.

Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

Statements related to the Company’s intention to implement the share repurchase program constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and otherwise within the meaning of court opinions construing such forward-looking statements. The Company claims all safe harbor and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements involve known and unknown risks, estimates, uncertainties, and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized, and are based on currently available information and on our current expectations and projections about future events. These risks and uncertainties include, but are not necessarily limited to, the effect that the share repurchase program may have on the price and/or trading volume of shares of our common stock, our ability to amend, suspend or terminate the share repurchase program, including the maximum designated number of shares authorized to be repurchased, at any time without prior notice and as permitted or required by applicable law or regulation, and that due to the historically thin trading volume in our common stock, no assurance can be given as to the maximum length of time that the repurchase program may be kept in place. Undue reliance should not be placed on such forward-looking statements as they speak only as of the date hereof, and we undertake no obligation to update these statements to reflect subsequent events or circumstances except as may be required by law.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Fourth Quarter Dividend

11.22.2023 -- At their November 21, 2023, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.40 per share to be paid on December 29, 2023, to shareholders of record as of December 22, 2023.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the
symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Third Quarter Dividend

9.4.2023 -- At their August 15, 2023, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.40 per share to be paid on September 29, 2023, to shareholders of record as of September 22, 2023.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the
symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Eastern Michigan Financial Corporation Welcomes Lisa Disser

8.31.2023 -- The Board of Directors of Eastern Michigan Financial Corporation is pleased to announce the appointment of Lisa Disser as a Director of Eastern Michigan Financial Corporation and its wholly-owned subsidiary, Eastern Michigan Bank.

Lisa is a lifelong resident of the Croswell-Lexington area, where she resides with her husband, Steve. She has been the Controller for Lexington-based Gielow Pickles, Inc., and Gielow Logistics, LLC, for the past 32 years.

“We are so pleased to welcome Lisa to our Boards,” commented Eastern Michigan Bank President and Chief Executive Officer Will Oldford. “Her extensive financial background, business knowledge, and long-standing presence in the local community will be true assets.”

The directors, officers, and staff of Eastern Michigan Bank all welcome Lisa to our organization and look forward to her contribution and support.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Second Quarter Dividend

5.17.2023 -- At their May 16, 2023, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.35 per share to be paid on June 30, 2023, to shareholders of record as of June 23, 2023.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the
symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email

For quarterly and annual financial data, please visit our Investor Information page.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares First Quarter Dividend

2.22.2023 -- At their February 21, 2023, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.35 per share to be paid on March 31, 2023, to shareholders of record as of March 24, 2023.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the
symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email

For quarterly and annual financial data, please visit our Investor Information page.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Fourth Quarter Dividend

11.17.2022 -- At their November 15, 2022, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.35 per share to be paid on December 30, 2022, to shareholders of record as of December 23, 2022.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the
symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email

For quarterly and annual financial data, please visit our Investor Information page.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Third Quarter Dividend

8.17.2022 -- At their August 16, 2022, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.35 per share to be paid on September 30, 2022, to shareholders of record as of September 23, 2022.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the
symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email

For quarterly and annual financial data, please visit our Investor Information page.


Eastern Michigan Financial Corporation Announces 2022 Share Repurchase Program

7.01.2022 -- Eastern Michigan Financial Corporation (OTC Pink: EFIN) has announced that its Board of Directors has approved a program for the repurchase of shares of its common stock, commencing after the release of earnings for the fiscal quarter ending June 30, 2022, and ending at the close of market on June 30, 2023. This program allows the Company to repurchase up to $500,000 of its common stock, inclusive of brokerage commissions and fees, which is approximately 1.33% of its outstanding common stock. As of June 30, 2022, the Company had 1,253,465 shares of its common stock outstanding. The program does not obligate the Company to acquire a specific dollar amount or the number of shares and may be modified, suspended, or discontinued at any time.

Repurchases under the program may be made from time to time at the Company’s discretion in open market transactions, in privately negotiated transactions, and pursuant to any trading plan that may be adopted by the Company’s management. The timing and the actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, and market conditions. Repurchases will be funded by existing cash and cash equivalents.

The Company has completed the repurchase program announced in August 2021. The Company purchased 14,986 shares at an average cost of $33.49 per share.

Eastern Michigan Financial Corporation is a bank holding company with approximately $545 million in assets and the sole owner of Eastern Michigan Bank. Originally chartered as the State Bank of Croswell in 1895, Eastern Michigan Bank currently operates nine banking offices and a loan operations center, providing a full range of commercial and consumer banking services primarily in the Sanilac, St. Clair, and Huron County, Michigan communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Ruth, Port Huron, and Sandusky. Eastern Michigan Bank offers a broad range of deposit services, including checking accounts, savings accounts, and time deposits of various types as well as loans for commercial and consumer purposes. Clients include individuals, businesses, schools, associations, churches, non-profit organizations, and government entities.

Statements related to the Company’s intention to implement the share repurchase program constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and otherwise within the meaning of court opinions construing such forward-looking statements. The Company claims all safe harbor and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements involve known and unknown risks, estimates, uncertainties, and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized, and are based on currently available information and on our current expectations and projections about future events. These risks and uncertainties include, but are not necessarily limited to, the effect that the share repurchase program may have on the price and/or trading volume of shares of our common stock, our ability to amend, suspend or terminate the share repurchase program, including the maximum designated number of shares authorized to be repurchased, at any time without prior notice and as permitted or required by applicable law or regulation, and that due to the historically thin trading volume in our common stock, no assurance can be given as to the maximum length of time that the repurchase program may be kept in place. Undue reliance should not be placed on such forward-looking statements as they speak only as of the date hereof, and we undertake no obligation to update these statements to reflect subsequent events or circumstances except as may be required by law.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Second Quarter Dividend

5.19.2022 -- At their May 17, 2022, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.30 per share to be paid on June 30, 2022, to shareholders of record as of June 23, 2022.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares First Quarter Dividend

2.18.2022 -- At their February 15, 2022, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.30 per share to be paid on March 31, 2022, to shareholders of record as of March 24, 2022.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.      


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Special First Quarter Dividend

2.18.2022 -- At their February 15, 2022, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a one time special cash dividend of $0.50 per share to be paid on March 11, 2022, to shareholders of record as of March 4, 2022.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Dan Hale Promoted to Commercial Loan Officer

12.23.2021 -- William Oldford, Jr., President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Daniel (Dan) Hale to Commercial Loan Officer.

Hale joined Eastern Michigan Bank in January 2021 as a loan officer trainee. As a Commercial Loan Officer, he is currently serving business and agricultural customers across Sanilac and Huron Counties.

Prior to coming to Eastern, Dan worked as a Crop Scout for Nutrien Ag Solutions and a Sales Intern for LG Seeds. He is a graduate of Michigan State University with a bachelor’s degree in agribusiness management, a minor in agronomy, and a certificate in agricultural technology.

Dan is also actively involved in the local community, currently serving as a Young Farmers spokesperson for Michigan Farm Bureau and a junior varsity basketball coach for Sandusky High School.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Fourth Quarter Dividend

11.19.2021 -- At their November 16, 2021, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.30 per share to be paid on December 31, 2021, to shareholders of record as of December 24, 2021.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.      


Jasmine Williams Promoted to Commercial Loan Officer

11.16.2021 -- William Oldford, Jr., President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Jasmine Williams to Commercial Loan Officer.

Williams began her career at Eastern Michigan Bank in 2013 and has held various positions of increasing responsibility, including Credit Analyst (2016-2018), Senior Credit Analyst (2018 -2020), and Commercial Portfolio Officer (2020-2021) before being promoted to her current position.

In addition to her banking experience, Williams holds a Bachelor of Business Administration (BBA) degree from Walsh College with a major in finance. She is also a member of the Blue Water Young Professionals and the Delta Mu Delta Business Honor Society.

Jasmine resides in Kimball Township with her husband.


Audra Levitte

Audra Levitte Promoted to Vice President

10.01.2021 -- William Oldford, Jr., President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Human Resources Director Audra Levitte to Vice President.

Levitte joined the Eastern Michigan Bank team in May 2013 as Human Resources Director and was promoted to Assistant Vice President in September 2016. Prior to coming to Eastern, she worked as the Firm Administrator for McBride, Manley & Miller from 1995 to 2013.

Audra holds a Bachelor of Science in Business Management from Ferris State University.

A native of the Croswell area, she currently lives in Lexington with her family.


Eastern Michigan Welcomes Tony Roggenbuck and Steve Schweihofer

9.12.2021 -- The Board of Directors of Eastern Michigan Financial Corporation is pleased to announce the appointments of Anthony (Tony) Roggenbuck and Steve Schweihofer as directors of Eastern Michigan Financial Corporation and its wholly owned subsidiary, Eastern Michigan Bank.

Tony Roggenbuck is a lifelong resident of the Ruth area. He is the President of D&D Farms, Inc., a third generation family farm that he grew up on, and also the owner operator of Trucker T’s Transport, LLC, based in Ubly.

Steve Schweihofer is the former Chief Financial Officer for Foster Blue Water Oil, located in Richmond with operations throughout eastern Michigan. He is actively involved in his local community, currently serving as treasurer of both the SC4 Foundation and St. Vincent DePaul and Ecumenical Food Pantry, St Clair chapter. He is also a Trustee of the Community Foundation of St Clair County and serves on their Finance and C3 committees, as well as being the varsity golf coach for Marysville High School. Steve is a lifelong resident of St. Clair County.

“We are so pleased to welcome Tony and Steve to our Boards,” commented Eastern Michigan Bank President and Chief Executive Officer Will Oldford. “Tony brings a wealth of experience from the agricultural community as well as helping to represent the Bank in our Ruth and Deckerville markets. Steve will bring additional financial acumen to the Board as well as his significant experience with bank financing from the customer perspective.”

Roggenbuck and Schweihofer will be replacing Board members Kathlene Partaka of Croswell and Bradley Apsey of Deckerville, who are retiring in the spring.

The directors, officers and staff of Eastern Michigan Bank all welcome Mr. Roggenbuck and Mr. Schweihofer to the organization and look forward to their contributions.

Eastern Michigan Financial Corporation is the holding company for Eastern Michigan Bank, a locally owned community bank which operates nine branch offices located in the Huron, Sanilac and St. Clair County communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Port Huron, Ruth and Sandusky.


Eastern Michigan Bank Welcomes Wendy Smith

8.24.2021 -- William Oldford, Jr., President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the addition of Wendy Smith as Assistant Vice President, Branch Manager of the Bank’s Fort Gratiot location. Wendy comes to Eastern with sixteen years’ experience in the local financial services industry. Most recently she served as Branch Manager of the Huntington Bank Port Huron Hancock location.

“We are excited to welcome Wendy,” commented Oldford. “Her extensive experience in business development in the Port Huron and Fort Gratiot market area make her an incredible asset to Eastern Michigan Bank and our continued approach of being a community bank lead by community leaders.”

A long time Port Huron area resident, Wendy studied business management at St. Clair County Community College. She is enthusiastic about community involvement and currently volunteers as a section chair for the United Way of St. Clair County, a member of the Blue Water Chamber of Commerce’s Ambassadors Committee, and a member of the National Association of Career Women.


Eastern Michigan Financial Corporation Announces 2021 Share Repurchase Program

8.19.2021 -- Eastern Michigan Financial Corporation (the Company), which trades on the Over-The-Counter Bulletin Board (OTC) under the symbol EFIN, has announced that its Board of Directors has approved a program for the repurchase of shares of its common stock, commencing September 1, 2021, and ending at the close of market on August 31, 2022. This program allows the Company to repurchase up to $500,000 of its common stock, inclusive of brokerage commissions and fees, which is approximately 1.31% of its outstanding common stock. As of June 30, 2021, the Company had 1,237,861 shares of its common stock outstanding. The program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time.

Repurchases under the program may be made from time to time at the Company’s discretion in open market transactions, in privately negotiated transactions, and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, and market conditions. Repurchases will be funded by existing cash and cash equivalents.

Eastern Michigan Financial Corporation is a bank holding company with approximately $502 million in assets and the sole owner of Eastern Michigan Bank. Originally chartered as the State Bank of Croswell in 1895, Eastern Michigan Bank currently operates nine banking offices and a loan operations center, providing a full range of commercial and consumer banking services primarily in the Sanilac, St. Clair and Huron County, Michigan communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Ruth, Port Huron and Sandusky. Eastern Michigan Bank offers a broad range of deposit services, including checking accounts, savings accounts and time deposits of various types as well as loans for commercial and consumer purposes. Clients include individuals, businesses, schools, associations, churches, non-profit organizations and government entities.

Statements related to the Company’s intention to implement the share repurchase program constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and otherwise within the meaning of court opinions construing such forward-looking statements. The Company claims all safe harbor and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized, and are based on currently available information and on our current expectations and projections about future events. These risks and uncertainties include, but are not necessarily limited to, the affect that the share repurchase program may have on the price and/or trading volume of shares of our common stock, our ability to amend, suspend or terminate the share repurchase program, including the maximum designated number of shares authorized to be repurchased, at any time without prior notice and as permitted or required by applicable law or regulation, and that due to the historically thin trading volume in our common stock, no assurance can be given as to the maximum length of time that the repurchase program may be kept in place. Undue reliance should not be placed on such forward-looking statements as they speak only as of the date hereof, and we undertake no obligation to update these statements to reflect subsequent events or circumstances except as may be required by law.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Third Quarter Dividend

8.18.2021 -- At their August 17, 2021, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.30 per share to be paid on September 30, 2021, to shareholders of record as of September 23, 2021.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Trish Davis Promoted to Assistant Vice President

8.13.2021 -- William Oldford, Jr., President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Croswell Branch Manager Trishette (Trish) Davis to Assistant Vice President.

Trish has been a member of the Eastern Michigan Bank team for more than twenty years, starting her career in 2001 as a summer temp, then full time teller. She was promoted to Customer Service Representative in 2005, Assistant Branch Manager in 2010 and Branch Manager in 2013.

Trish holds an associate’s degree in general business from St. Clair County Community College and a Bachelor of Business Administration degree from Walsh College with a major in finance.

A resident of Croswell, she is active in her local community and currently serves as treasurer of the Croswell Fair Board and secretary of the Cros-Lex Eagles Auxiliary #4465.


Noelle Malburg Promoted to Branch Manager

6.28.2021 -- William Oldford, Jr., President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce that Noelle Malburg has been promoted to Branch Manager of the Bank’s Ruth office.

Noelle joined the staff in Ruth in March 2020 as Assistant Branch Manager. Prior to coming to Eastern, she worked for Sanilac County based Tri-County Bank for six years, most recently as Branch Manager of their Capac location.

Noelle holds a bachelor of science degree from Michigan State University, and a master of science from Canisius College. She is also a graduate of the Michigan Bankers Association’s Perry School of Banking.

Originally from the Imlay City area, Noelle currently resides in Sandusky with her husband, James. Her previous community affiliations include the Capac Lions Club, Capac DDA, and serving as the Capac Girls Varsity Track and Field Coach. She states, “I moved to this area right before everything shut down (due to the pandemic). I’m looking forward to joining some local organizations and becoming more involved in my new communities, now that things are opening up again.”

Noelle assumed the role of Branch Manager from Kathi Jahn, who retired earlier this year after forty-two years of service. 


Ward and Oldford Elected Chair and Vice Chair 

5.19.2021 -- Sitting Vice Chairman Timothy Ward has been elected the new Chairman of the Boards of Directors of Eastern Michigan Bank and Eastern Michigan Financial Corporation. Mr. Ward was first appointed to both Boards in 2005, when he joined the Bank as President.

Ward served as President and Chief Executive Officer (CEO) of Eastern Michigan Bank from 2006 until 2015 and as CEO from 2015 until his retirement in early 2020. He is the current District 1 Commissioner for the St. Clair County Road Commission.

Current Eastern Michigan Bank President and CEO William Oldford, Jr. has been elected Vice Chairman of the Boards of Directors of Eastern Michigan Bank and Eastern Michigan Financial Corporation. Mr. Oldford served as President of Eastern Michigan Bank from October 2015 through February 2020 at which time he was appointed President and CEO.

Previous Chairman Earl DesJardins retired in April 2021 after eight years of service as Chairman of the Boards of Directors of Eastern Michigan Bank and Eastern Michigan Financial Corporation. DesJardins was appointed to both boards in 2002. He is a retired civil engineer and former President of BMJ Engineers & Surveyors, Inc. in Port Huron.

The staff and directors of Eastern Michigan Bank and Eastern Michigan Financial Corporation thank Mr. DesJardins for his many years of service and wish him well in all of his future endeavors.

Eastern Michigan Financial Corporation is the holding company for Eastern Michigan Bank which operates nine branch offices in the St. Clair, Sanilac and Huron County communities of Port Huron, Fort Gratiot, Marysville, Lakeport, Lexington, Croswell, Sandusky, Deckerville and Ruth.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. 


(Photos at left, top to bottom: Timothy Ward; William Oldford, Jr; Earl DesJardins)



Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Second Quarter Dividend

5.19.2021 -- At their May 18, 2021, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.25 per share to be paid on June 30, 2021, to shareholders of record as of June 23, 2021.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares First Quarter Dividend

2.22.2021 -- At their February 16, 2021, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.25 per share to be paid on March 31, 2021, to shareholders of record as of March 24, 2021.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Eastern Michigan Bank Welcomes Amy Piconke

2.11.2021 -- Will Oldford, President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the addition of Amy Piconke as Branch Manager of the Bank’s Marysville location. Amy comes to Eastern with fourteen years’ experience in the financial services industry. Most recently she served as the Consumer Lending Manager for Christian Financial Credit Union.

“We are excited to welcome Amy to our team. Her experience and knowledge of consumer lending will be a tremendous asset to the Bank,” commented Oldford.

Amy holds an associate degree in business administration and management from Macomb Community College. She is active in her local community and currently serves as secretary and information officer for the Kimball Township Little League and coaches the Blue Water Wolves Nine and Under travel softball team. Amy lives in Wales Township with her family.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Fourth Quarter Dividend

11.18.2020 -- At their November 17, 2020, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.25 per share to be paid on December 31, 2020, to shareholders of record as of December 24, 2020.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Alex Messing

Alex Messing Promoted to Assistant Vice President

9.18.2020 -- Will Oldford, President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Commercial Loan Officer Alexander (Alex) Messing to Assistant Vice President.

Messing joined Eastern Michigan Bank in April of 2016 as a loan officer trainee and was promoted to Commercial Loan Officer in 2017. He serves business and agricultural customers in the Deckerville, Ruth and Sandusky markets. He is a graduate of Northwood University and has a Bachelor of Business Administration degree with a major in accounting.

Alex is also actively involved is his local community, serving as President of the Deckerville Lions Club and a member of the Board of the Deckerville Education Foundation. He is a native to the Ruth area and currently resides in Deckerville with his family.


Eastern Michigan Bank Purchases Historic Parfet Building in Downtown Port Huron from Acheson Ventures LLC

8.31.2020 -- Eastern Michigan Bank is pleased to announce they have just completed the purchase of the historic Parfet Office Building located at 1430 Military Street in downtown Port Huron. In addition to being the new owners, Eastern Michigan Bank will be opening a limited branch in the northwest corner of the building with a focus on lending services.

“We are very excited about the new location,” commented Will Oldford, President and Chief Executive of Eastern Michigan Bank. “This expansion of our footprint will help us to not only grow and consolidate our lending activities in St. Clair County but renew our commitment to the residents and businesses in Port Huron and to St. Clair County.”

When the Parfet Building was built in 1921, it housed a Ford dealership. The building is currently home to brokerage firm Stifel Nicolaus and freight company Livingston International. Eastern expects to have twelve employees at the location.

Donna Niester, CEO of Acheson Ventures, LLC, stated, “We are pleased to have Eastern Michigan Bank join in our efforts on the southside of Port Huron.”


Eastern Michigan Welcomes Michael Wendling

8.19.2020 -- The Board of Directors of Eastern Michigan Financial Corporation is pleased to announce the appointment of Michael Wendling as a Director of Eastern Michigan Financial Corporation and its wholly owned subsidiary, Eastern Michigan Bank.

Mr. Wendling has served as the St. Clair County Prosecuting Attorney for the last fifteen years. Prior to his election to that position in 2005, he was the Assistant Prosecuting Attorney for Calhoun County (1995-1997), Sanilac County (1997) and St. Clair County (1997-2005). He is distinguished within his field and currently serves on the Executive Board of Directors for the Prosecuting Attorney Association of Michigan of which he was President from 2015 to 2016. He is also a member of the Michigan Association of Chiefs of Police Law Enforcement Accreditation Commission and was appointed by Governor Rick Snyder to the Commission on Law Enforcement Standards in 2012.

Wendling is also active in the local community and currently serves on the Boards of Directors of Blue Water Safe Horizons and the St. Clair County Child Abuse Neglect Council. He is also the St. Clair County DARE Board President, a Trustee of the St. Clair County Community Foundation and the Blue Water Area YMCA Open Arms Foundation Chair.

“We are so pleased to welcome Mike to our board,” commented Eastern Michigan Bank President and Chief Executive Officer Will Oldford. “His leadership and significant involvement in the local community will serve the Bank well as it continues to grow and serve customers in St. Clair, Sanilac and Huron Counties.”

The directors, officers and staff of Eastern Michigan Bank all welcome Mr. Wendling to the organization and look forward to his contributions.

Eastern Michigan Financial Corporation is the holding company for Eastern Michigan Bank, a locally owned community bank which operates nine branch offices located in the Huron, Sanilac and St. Clair County communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Port Huron, Ruth and Sandusky.


Word dividends written on chalk board

Eastern Michigan Financial Corporation Declares Third Quarter Dividend

8.19.2020 -- At their August 18, 2020, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.25 per share to be paid on September 30, 2020, to shareholders of record as of September 23, 2020.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Jessica McLartyJessica McLarty Promoted to Commercial Loan Manager

7.29.2020 -- Will Oldford, President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Jessica McLarty from Vice President, Commercial Loan Officer to Vice President, Commercial Loan Manager.

Ms. McLarty has been an invaluable member of the Eastern Michigan Bank team for 14 years. She holds an associate’s degree from St. Clair County Community College, a Bachelor of Business Administration degree from Walsh College with a major in Accounting, and a Master of Business Administration degree from Purdue University.

Dedicated to community service as well, Jessica currently serves as President of the Fort Gratiot Rotary and is active with the National Association of Career Women (NACW), serving as National Vice President as well as National Representative on the board of the local Port Huron chapter. The Port Huron NACW chapter also named her Woman of the Year for 2019.

Jessica resides in Croswell with her family.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Second Quarter Dividend

5.20.2020 -- At their May 19, 2020, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.25 per share to be paid on June 30, 2020, to shareholders of record as of June 23, 2020.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Julie Chapdelaine Promoted to Assistant Vice President

2.21.2020 – Will Oldford, President and Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Bank Secrecy Act (BSA) Officer Julie Chapdelaine to Assistant Vice President.

Chapdelaine began her career at Eastern Michigan Bank in August 2003 and held the positions of teller, teller trainer and operations specialist before being promoted to BSA Officer in September 2015. She has an associate's degree in business from St. Clair County Community College.

In addition to her banking experience, Julie has served as deputy treasurer of Buel Township since 2018. She currently lives in Croswell with her family.


New Management Team Has Local Roots

2.19.2020 -- The Board of Directors of Eastern Michigan Bank has announced the appointment of a new senior management team.

President Will Oldford has been appointed President and Chief Executive Officer, assuming the role of CEO from Tim Ward. Ward retired at the end of 2019 but remains on the Board of Directors.

Oldford has more than 20 years’ experience in the local banking industry. Prior to joining the staff at EMB, he served as Regional President, Northeast (Thumb) Region of Talmer Bank and Trust as well as managing their wealth management division in Michigan, Ohio, Indiana and Illinois. Before his banking career, he practiced law in California, Illinois and Michigan. Will holds a B.A., J.D., an L.L.M. in Tax Law, and he is in the process of earning his M.B.A. He also serves as a trustee of the Community Foundation of St. Clair County, chairman of the St. Clair County Community College Foundation, trustee of the St. Clair County Retirement Board, and member of the Lake Huron Hospital Board. Will was born and raised in Lexington.

Senior Lender Chad Deaner has been promoted to Senior Vice President, Chief Lending Officer. Deaner has been a member of the Bank’s staff since 2016. He holds a Bachelor of Science degree in business administration and management and is active in his local community, currently serving on both the audit committee for the Community Foundation of St. Clair County and the board of the Economic Development Alliance of St. Clair County. Chad was raised in Memphis, Michigan and currently lives in Goodells with his family.

Vice President, Operations Stacie Bales has been promoted to Senior Vice President, Chief Operating Officer. Bales has been a member of the Bank’s team since 2001, serving as human resources assistant, administrative assistant, administrative specialist and Bank Secrecy Act officer. Stacie has an associate’s degree in business and is in her third year of the Graduate School of Banking at University of Wisconsin – Madison. She is a Croswell native and currently resides there with her family.

Senior Vice President, Chief Financial Officer Errin Levitt joined the Bank’s staff in October 2016 as Vice President, Controller. Levitt holds a Bachelor of Business Administration degree with a major in finance and is currently earning her Masters in Accountancy. She is also a Croswell native and serves on both the Croswell Board of Review and Croswell Planning and Zoning Committee. She currently lives in Croswell with her family.

“The Board is so pleased to have this team of talented, capable individuals managing the interests of the Bank,” stated Earl DesJardins, Chairman of the Eastern Michigan Bank Board of Directors. “Their extensive knowledge, experience and roots in our local communities will serve Eastern Michigan Bank well going forward.”


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares First Quarter Dividend

2.19.2020 -- At their February 18, 2020, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.25 per share to be paid on March 31, 2020, to shareholders of record as of March 24, 2020.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Tim Ward to Retire as Chief Executive Officer

12.01.2019 -- The Board of Directors and staff of Eastern Michigan Bank would like to congratulate Chief Executive Officer Tim Ward on his pending retirement.

Ward has served as the CEO of Eastern Michigan Bank since 2005. During his time with the Bank, Tim has also served on many local boards and committees, including the Community Foundation of St. Clair County, St. Joseph Mercy Hospital, SC4 Foundation, Economic Development Alliance of St. Clair County, St. Clair County Board of Commissioners, St. Clair County Parks and Recreation, Mid City Nutrition, Blue Water Area YMCA, Lakeshore Surgery and the Port Huron Golf Club. He has also been recently appointed to the St. Clair County Road Commission and Board of Public Works.

Tim will continue his association and dedication to Eastern Michigan Bank as Vice Chairman of the Board of Directors of both Eastern Michigan Bank and Eastern Michigan Financial Corporation.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Fourth Quarter Dividend

11.22.2019 -- At their November 19, 2019, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.25 per share to be paid on December 30, 2019, to shareholders of record as of December 23, 2019.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Errin Levitt by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Chad DeanerChad Deaner Promoted to Senior Lender

11.05.2019 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce that Vice President, Commercial Loan Manager Chad Deaner has been promoted to Vice President, Senior Lender. In his new position, Mr. Deaner will be responsible for developing and directing all lending activities and supervising the business development functions of all loan officers.

Deaner has been a member of Eastern Michigan Bank’s staff since 2016. He holds a Bachelor of Science degree in business administration and management from Ferris State University and is active in his local community, currently serving on both the Audit Committee for the Community Foundation of St. Clair County and on the Board of the Economic Development Alliance of St. Clair County. Chad lives in Goodells, Michigan with his family.


Errin Levitt Promoted to Senior Vice President

10.29.2019 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Vice President, Chief Financial Officer Errin Levitt to Senior Vice President.

Ms. Levitt joined Eastern Michigan Bank’s staff in October 2016 as Vice President, Controller. She holds a Bachelor of Business Administration with a major in finance from Grand Valley State University and is currently enrolled at Walsh College in the Masters in Accountancy program.

Errin is native of Croswell where she resides with her family. She is also active in her community and has served on the Croswell Board of Review since 2016.


 Kim StencelKim Stencel Joins Eastern Michigan Bank

8.30.2019 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the addition of Kim Stencel as Assistant Vice President, Branch Manager of its Lexington office. Kim comes to Eastern with more than 40 years’ experience in the local banking industry. Most recently, she served as the Branch Manager of Security Credit Union’s Croswell location.

“We’re so pleased to welcome Kim as a member of our team,” said Ward. “Her extensive experience in banking and ties to the local community will be an excellent fit with our existing staff and customer base.”

In addition to her banking background, Kim has also served as the Buel Township treasurer for a number of years. She resides in Croswell with her husband. 


Eastern Michigan Financial Corporation Announces 2019 Share Repurchase Program

8.29.2019 -- Eastern Michigan Financial Corporation (the Company) (OTC Pink: EFIN) has announced that its Board of Directors has approved a program for the repurchase of shares of its common stock, commencing September 1, 2019, and ending at the close of market on July 31, 2020. This program allows the Company to repurchase up to $500,000 of its common stock, inclusive of brokerage commissions and fees, which is approximately 1.66% of its outstanding common stock. As of June 30, 2019, the Company had 1,203,543 shares of its common stock outstanding. The program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time.

Repurchases under the program may be made from time to time at the Company’s discretion in open market transactions, in privately negotiated transactions, and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, and market conditions. Repurchases will be funded by existing cash and cash equivalents.

Eastern Michigan Financial Corporation is a bank holding company with approximately $368 million in assets and the sole owner of Eastern Michigan Bank. Originally chartered as the State Bank of Croswell in 1895, Eastern Michigan Bank currently operates nine banking offices and a loan operations center, providing a full range of commercial and consumer banking services primarily in the Sanilac, St. Clair and Huron County, Michigan communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Ruth, Port Huron and Sandusky. Eastern Michigan Bank offers a broad range of deposit services, including checking accounts, savings accounts and time deposits of various types as well as loans for commercial and consumer purposes. Clients include individuals, businesses, schools, associations, churches, non-profit organizations and government entities.

Statements related to the Company’s intention to implement the share repurchase program constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and otherwise within the meaning of court opinions construing such forward-looking statements. The Company claims all safe harbor and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized, and are based on currently available information and on our current expectations and projections about future events. These risks and uncertainties include, but are not necessarily limited to, the affect that the share repurchase program may have on the price and/or trading volume of shares of our common stock, our ability to amend, suspend or terminate the share repurchase program, including the maximum designated number of shares authorized to be repurchased, at any time without prior notice and as permitted or required by applicable law or regulation, and that due to the historically thin trading volume in our common stock, no assurance can be given as to the maximum length of time that the repurchase program may be kept in place. Undue reliance should not be placed on such forward-looking statements as they speak only as of the date hereof, and we undertake no obligation to update these statements to reflect subsequent events or circumstances except as may be required by law.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Third Quarter Dividend

8.29.2019 -- At its August 20, 2019 meeting, the Board of Directors of Eastern Michigan Financial Corporation (the Company) declared a quarterly cash dividend of $0.25 per share to be paid on September 30, 2019, to shareholders of record as of September 23, 2019.

As our shareholders will note, this dividend is an increase of $0.08 from our last quarterly dividend. For the last several years, the Board has been consistent in declaring a bonus dividend in the fourth quarter of each year. As the Board is confident in the continued ability of the Company and its subsidiary bank to generate value for the Company’s shareholders, it is anticipated the Board will move away from the bonus dividend to a more consistent quarterly dividend.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

All statements included in this Release, other than statements of historical fact, are forward-looking statements within the meaning of applicable federal and state law. Forward-looking statements are generally identified by words such as “may,” “could,” “expect,” “anticipate,” “believe,” and other comparable terminology. Forward-looking statements involve known and unknown risks which may cause actual results to differ materially from expected results, including risks described in the Company’s annual reports and quarterly financial statements available on this website. Although the Company believes the expectations and intentions reflected in its forward-looking statements are reasonable, it cannot assure you that these expectations and intentions will prove to be correct. These statements are made as of the date of this Release. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect future events or developments. The Company claims all protections provided by law for all of its forward-looking statements.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Second Quarter Dividend

5.22.2019 -- At their May 21, 2019, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.17 per share to be paid on June 28, 2019, to shareholders of record as of June 21, 2019.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Eastern Michigan Welcomes Donna Niester

4.12.2019 -- The Board of Directors of Eastern Michigan Financial Corporation is pleased to announce the appointment of Donna Niester, CPA, as a Director of Eastern Michigan Financial Corporation and its wholly owned subsidiary, Eastern Michigan Bank.

Miss Niester is the President and CEO of Acheson Ventures, LLC, the Trustee of the James C. Acheson Foundation and a Certified Public Accountant. Prior to joining Acheson Ventures in 2000, she was a Partner in the Port Huron accounting firm of Austin, Niester, Schweihofer & Finnegan, PC.

“We are extremely pleased to welcome Donna to our board,” commented Eastern Michigan Bank Chief Executive Officer Tim Ward. “Her significant involvement in the community both personally and via the Acheson business entities will be a tremendous asset to our organization.”

Miss Niester has a long and distinguished record of service to the Port Huron community as well as various state-wide organizations. She is both a committee member and past Chair of the Community Foundation of St. Clair County; past member of the Michigan Community Service Commission; member of the McLaren Port Huron Corporate Compliance Committee; past Trustee of the McLaren Port Huron Board of Directors; past Chair of the Port Huron Hospital Foundation; and past President of the Port Huron Golf Club.

Miss Niester was instrumental in the development of Studio 1219 and the Blue Water River Walk and is one of the founding members of the Community Foundation of St. Clair County's Women's Initiative. She also personally organizes a private fundraising event to support women with cancer. In 2016, she was recognized by Crain’s Detroit Business as one of their 100 Most Influential Women, and in 2014, she was named a Northwood University Distinguished Women Honoree.

The directors, officers and staff of Eastern Michigan Bank all welcome Miss Niester to the organization and look forward to her leadership perspectives.


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares First Quarter Dividend

2.20.2019 -- At their February 19, 2019, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.17 per share to be paid on March 29, 2019, to shareholders of record as of March 22, 2019.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Joseph PinkJoseph Pink Joins Eastern Michigan Bank

2.11.2019 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce that Joseph Pink has joined Eastern Michigan Bank as Vice President, Information Technology Manager and Chief Information Security Officer.

Joe comes to Eastern with more than 25 years’ experience in the local information technology industry, most recently serving as a senior network engineer for Port Huron-based Precison Computer Solutions, Inc. While employed by Precision, Joe worked as the Bank’s system administrator on a contractual basis for 17 years. He holds a Bachelor of Science degree in Computer Science from Central Michigan University and is certified by both Microsoft and Barracuda as a system engineer.

“We are very excited to welcome Joe as a member of our staff,” commented Ward. “Having already worked with Joe for a number of years, this transition feels like a very natural progression.”

Joe lives in Lexington with his wife, Terena, and their family.


Jennifer BriolatJennifer Briolat Promoted to Branch Manager, Lakeport Office

1.21.19 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce that Jennifer (Jen) Briolat has been promoted to branch manager of the Bank’s Lakeport office.

Jen has been the assistant manager of Eastern’s Fort Gratiot location since April 2017. She has an extensive background in customer service, including serving as the assistant manager of a large, local retail establishment for twelve years before coming to Eastern.

Jen is a Marysville native who currently resides in Lakeport with her husband Alan and their family. She will be assuming the role of branch manager from Cindy Mugridge, who will be retiring from the Bank in the coming months.


Stefanie AbbottStefanie Abbott Moving to Deckerville Branch

1.18.19 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce that Stefanie Abbott will be assuming the role of branch manager at the Bank’s Deckerville location.

Stefanie began her career with Eastern as a part-time teller in Deckerville in 2003. Since that time she has held roles of increasing responsibility including head teller (Deckerville), assistant manager (Fort Gratiot) and branch manager (Lexington). She was promoted to assistant vice president in 2015.

Stefanie holds an associate’s degree from St. Clair County Community College in communications and is a 2016 graduate of the Michigan Bankers Association’s Perry School of Banking. She is actively involved in the local community, serving as current vice president of the Deckerville League of Women, treasurer of the Croswell-Lexington Chamber of Commerce and chairperson of the McLaren Lexington Community Health Team. Stefanie has lived in Deckerville since 2004 with her husband Randall (Randy).

Stefanie will be assuming the role of branch manager from Clariece Creguer, who will be retiring in the coming months.


Emily DehringEmily Dehring Joins Eastern Michigan Bank

1.04.19 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the addition of Emily Dehring as Branch Manager of the Bank’s Fort Gratiot location. Emily comes to Eastern with more than ten years’ of banking experience, working as a Banker and Small Business Specialist and a Branch Manager for Chase Bank.

Emily holds a Bachelor of Business Administration degree in Management from Northwood University. She lives in Fort Gratiot with her family and is an active member of the Port Huron Civic Theater as well as a volunteer for the Fort Gratiot Little League.

“We’re so pleased to have Emily as a member of our team,” said Ward. “Her community roots and knowledge of the local market will be a terrific fit with our existing staff and customer base.”

Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Fourth Quarter Dividend

11.21.2018 -- At their November 20, 2018, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.17 per share plus a bonus cash dividend of $0.13 per share, both to be paid on December 31, 2018, to shareholders of record as of December 24, 2018.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Amanda RoseAmanda Rose Promoted to Branch Manager, Marysville Office

10.04.18 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce that Amanda Rose has been promoted to Branch Manager of the Bank’s Marysville office.

Amanda joined Eastern Michigan Bank’s staff in February as Assistant Branch Manager of the Croswell office. Prior to coming to Eastern, she served as an assistant branch manager at Huntington National Bank in Fort Gratiot.

Amanda holds an associate’s degree from St. Clair County Community College in criminal justice and applied science. She currently resides in Fort Gratiot with her family.

Amanda will be assuming the role of branch manager from Catherine (Cathy) Fitz, who will be retiring in the coming months.

Scott BadleyScott Badley Joins Eastern Michigan Bank

9.13.2018 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce that Scott Badley has joined Eastern Michigan Bank as Vice President, Commercial Loan Officer. Scott is based at Eastern’s Marysville office where his responsibilities include servicing and growing the bank’s diverse portfolio of business loan clients in Marysville and the surrounding area.

Badley comes to Eastern with twenty-six years of experience in the local banking industry, including extensive experience in the areas of commercial finance and compliance. Most recently he served as Senior Compliance Officer for Lakestone Bank & Trust and prior to that was a commercial lender for CSB Bank.

“We are excited to welcome Scott to the team,” commented Ward. “His extensive banking background and knowledge of Marysville and the local market make him a great fit for our staff and customer base.”

Badley holds a Bachelor’s Degree in Accounting from Eastern Michigan University and a Master’s Degree in Finance from Walsh College. He is also the coach of both the men’s and women’s bowling teams at St. Clair County Community College and manager of the Port Huron Bowling Association.

Scott lives in Marysville with his wife, Cindy, and their family.

Eastern Michigan Financial Corporation Announces Share Repurchase Program

8.22.2018 -- Eastern Michigan Financial Corp. (OTC Pink: EFIN) announced today that its board of directors has approved a program for the repurchase of shares of its common stock, commencing August 27, 2018, and ending at the close of market on June 28, 2019, unless sooner terminated. This program allows up to 1.75% shares of common stock outstanding at June 30, 2018, which is up to 20,833 shares, to be repurchased through open market or privately negotiated transactions. As of June 30, 2018, Eastern Michigan Financial Corp. had 1,188,988 shares of its common stock outstanding.

Eastern Michigan Financial Corporation is a bank holding company with approximately $330 million in assets and the sole owner of Eastern Michigan Bank. Originally chartered as the State Bank of Croswell in 1895, Eastern Michigan Bank currently operates nine banking offices and a loan production center, providing a full range of commercial and consumer banking services primarily in the Sanilac and St. Clair County, Michigan communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Ruth, Port Huron and Sandusky. Eastern Michigan Bank offers a broad range of deposit services, including checking accounts, savings accounts and time deposits of various types as well as loans for commercial and consumer purposes. Clients include individuals, businesses, schools, associations, churches, non-profit organizations and government entities.

Statements related to the Corporation’s intention to implement the share repurchase program constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and otherwise within the meaning of court opinions construing such forward-looking statements. The Corporation claims all safe harbor and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized, and are based on currently available information and on our current expectations and projections about future events. These risks and uncertainties include, but are not necessarily limited to, the affect that the share repurchase program may have on the price and/or trading volume of shares of our common stock, our ability to amend, suspend or terminate the share repurchase program, including the maximum designated number of shares authorized to be repurchased, at any time without prior notice and as permitted or required by applicable law or regulation, and that due to the historically thin trading volume in our common stock, no assurance can be given as to the maximum length of time that the repurchase program may be kept in place. Undue reliance should not be placed on such forward-looking statements as they speak only as of the date hereof, and we undertake no obligation to update these statements to reflect subsequent events or circumstances except as may be required by law.

Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Third Quarter Dividend

8.22.2018 -- At their August 21, 2018, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.17 per share to be paid on September 28, 2018, to shareholders of record as of September 21, 2018.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Second Quarter Dividend

5.16.2018 -- At their May 15, 2018, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.13 per share to be paid on June 29, 2018, to shareholders of record as of June 22, 2018.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Word dividends written on chalk boardEastern Michigan Financial Corporation Declares First Quarter Dividend

2.21.2018 -- At their February 20, 2018, meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.13 per share to be paid on March 30, 2018, to shareholders of record as of March 23, 2018.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Jessica McLartyJessica McLarty Rejoins Eastern Michigan Bank

2.1.2018 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce that Jessica McLarty has returned to Eastern Michigan Bank as Vice President, Commercial Loan Officer. Her responsibilities will include originating both business and agricultural loans.

McLarty began her career at Eastern in 2000 as a teller and held various positions of increasing responsibility before being promoted to assistant vice president, commercial loan officer in 2012. She left in 2013 to pursue other opportunities. 

In addition to her banking experience, McLarty holds a Bachelor of Business Administration (BBA) degree from Walsh College and is a graduate of the Perry School of Banking. She is currently a member of the Fort Gratiot Rotary and active with the National Association of Career Women (NACW), serving on the national board as well as the board of the Port Huron chapter. She is also the membership director for the Port Huron chapter of NACW.

Jessica will principally be located at our Krafft Road location in Fort Gratiot, taking over for Vice President, Commercial Loan Officer Bill Cone who retired in December. 

Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Fourth Quarter Dividend

11.22.2017 -- At their November 21, 2017 meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.13 per share plus a bonus cash dividend of $0.13 per share, both to be paid on December 29, 2017, to shareholders of record as of December 22, 2017.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.


Stacie Bales Promoted to Vice President

9.25.2017 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Assistant Vice President, Operations Officer Stacie Bales to Vice President. 

"Stacie started with Eastern 16 years ago as a teller and through hard work and dedication, now handles most of the bank’s operations functions," notes Ward. "She is a great asset to the organization and we are all grateful for her hard work."

Since joining the bank in 2001, Stacie has also served as human resources assistant, administrative assistant, administrative specialist and Bank Secrecy Act officer. 


Joseph BrownJoseph Brown Promoted to Vice President

9.25.2017 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Assistant Vice President, Appraisal Officer Joseph Brown to Vice President. 

"Joe does an exceptional job with our real estate appraisal department, and provides an important contribution to all of our lending teams," commented Ward. "We are thankful for his years of service and, more importantly, his exceptional hard work."

Joe began his career as an appraisal officer for the bank in 1996. He holds a bachelor’s degree in business administration from Central Michigan University, and is a Michigan Certified Appraiser as well as a member of the Eastern Thumb Association of Realtors. 


Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Third Quarter Dividend

08.15.2017 -- At their August 15, 2017 meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.13 per share to be paid on September 29, 2017, to shareholders of record as of September 22, 2017.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Word dividends written on chalk boardEastern Michigan Financial Corporation Declares Second Quarter Dividend

05.17.2017 -- At their May 16, 2017 meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.12 per share to be paid on June 30, 2017, to shareholders of record as of June 23, 2017.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Word dividends written on chalk boardEastern Michigan Financial Corporation Announces First Quarter Dividend

02.22.2017 -- At their February 21, 2017 meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.12 per share to be paid on March 31, 2017, to shareholders of record as of March 24, 2017.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Vice President, Chief Financial Officer Errin McMillan by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Alex MessingAlex Messing Promoted to Commercial Loan Officer

02.02.2017 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Alexander (Alex) Messing to Commercial Loan Officer.

“It has been a pleasure to watch Alex meet the challenges presented and grow into greater responsibilities. He is truly a valued member of our team,” commented Ward.

Alex joined Eastern Michigan Bank in April of 2016 as a loan officer trainee. As a commercial loan officer, he will serve business and agricultural customers in the Deckerville, Ruth and Sandusky markets.

Alex is a graduate of Northwood University and has a Bachelors in Business Administration with a major in Accounting. He is a native of the Ruth/Deckerville area and currently resides in Deckerville with his family. 

Word dividends written on chalk boardEastern Michigan Financial Corporation Announces Fourth Quarter Dividend

11.16.2016 -- At their November 15, 2016 meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a regular quarterly cash dividend of $0.12 per share plus a bonus cash dividend of $0.12 per share, both to be paid on December 30, 2016, to shareholders of record as of December 23, 2016.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Karen Lord by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Eastern Michigan Bank Welcomes Errin McMillan

10.27.2016 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the addition of Errin McMillan as Vice President, Controller. Errin comes to Eastern with sixteen years’ experience in the local banking industry. Most recently she served as the Accounting Director of Talmer Bank and Trust.

Errin will be assuming the responsibilities of Senior Vice President, Chief Financial Officer Karen Lord, who will retire at the end of 2016. She holds a Bachelor of Business Administration degree with a major in finance from Grand Valley State University and is currently enrolled at Walsh College in their Masters in Accountancy program. 

“We are excited to have Errin aboard,” commented Ward. “Her knowledge and experience should make for a very smooth transition, and her local ties make her a terrific fit with our existing team,” 

Errin is a native of Croswell where she currently resides with her husband, Michael, and their two children.

Jerry HepferGerald Hepfer Promoted to Vice President

10.19.2016 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of AVP, Commercial Loan Officer Gerald Hepfer to vice president. Mr. Hepfer joined Eastern Michigan Bank in August 2010 as a credit analyst. He was promoted to commercial loan officer in 2011, then assistant vice president in 2015. Jerry holds a bachelor’s degree in business administration with a concentration in finance from Saginaw Valley State University and an associate’s degree in banking and finance from Kirtland Community College. He also has a diploma in commercial lending from the American Bankers Association as well as various certifications in agricultural lending from Purdue University and Michigan State University. 

Jerry is active with a number of community organizations as well, volunteering his time with the Imagination Library in Caro, designing and building wood projects for their fundraisers. He also volunteers with the Caro Exchange Club, the Community Health Fair and has designed and built props for Sanilac County 4-H Clubs. Jerry lives with his wife, Ann, in Mayville, where he operates a family-owned crop farm.


Audra LevitteAudra Levitte Promoted to Assistant Vice President

10.03.2016 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Human Resources Director Audra Levitte to assistant vice president. Ms. Levitte joined Eastern Michigan Bank in May 2013 as human resources director, bringing with her seventeen years’ experience as a firm administrator for a local C.P.A. practice. In addition to her professional experience, she holds a bachelor of science degree in business management from Ferris State University.

Audra is active in the community as well, serving as a member of the board of St. Edward on-the- Lake Catholic School. She is also the treasurer of the Buckskin Horse Association of Michigan (BHAM) as well as chair of the Junior Buckskin Horse Association. Audra resides in Lexington with her family.


Word dividends written on chalk boardEastern Michigan Financial Corporation Announces Third Quarter Dividend

08.19.2016 -- At their August 16, 2016 meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.12 per share to be paid on September 30, 2016, to shareholders of record as of September 23, 2016.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Karen Lord by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Tracy Jackson-WedgeEastern Michigan Bank Welcomes Tracy Jackson-Wedge

07.29.2016 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the addition of Tracy Jackson-Wedge as Branch Manager of the Bank's Sandusky location. Tracy comes to Eastern with more than nineteen years’ of banking experience exclusively in the Sandusky area. Most recently she served as the relationship banker for Talmer Bank and Trust’s Sandusky office.

“We’re so pleased to have Tracy as a member of our team,” said Ward. “Her community roots, knowledge of the Sandusky market and local community will be a terrific fit with our existing staff and customer base.”

Tracy holds an associate’s degree in Business Management from St. Clair County Community College. She resides in Sandusky with her husband and two children.


Kim BowmanEastern Michigan Bank Welcomes Kim Prax

06.08.2016 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the addition of Kimberly Prax as Assistant Vice President, Branch Manager of the Bank's 600 Water Street, Port Huron location. Kim comes to Eastern with thirteen years’ experience in the local banking industry. Most recently she served as Associate Managing Director of Talmer Bank and Trust’s Wadhams and Port Huron Township branches.

“We are excited to welcome Kim to our team. Her experience and knowledge of Port Huron and the surrounding area and will be a true asset to Eastern,” commented Ward.

Kim holds a Bachelor of Science from Wayne State University and is active in the local community. She currently serves as secretary of the Landmark Academy Board of Education and is a member of both the Port Huron Township DDA Board and McLaren Port Huron Women’s Wellness Advisory Board.

Kim is a native of Port Huron and currently resides in Fort Gratiot with her family.

Word dividends written on chalk boardEastern Michigan Financial Corporation Announces Second Quarter Dividend 

05.17.2016 -- At their May 17, 2016 meeting, the Board of Directors of Eastern Michigan Financial Corporation declared a quarterly cash dividend of $0.12 per share to be paid on June 30, 2016, to shareholders of record as of June 23, 2016.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. Any questions regarding the information contained in this release should be directed to Senior Vice President, Chief Financial Officer Karen Lord by phone at 810.398.5135 or by email.

For quarterly and annual financial data, please visit our Investor Information page.

Chad DeanerEastern Michigan Bank Welcomes Chad Deaner

04.29.2016 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the addition of Chad W. Deaner as Vice President, Commercial Loan Manager. Chad comes to Eastern with close to twenty years’ experience in the local banking industry. He most recently served as Market President, Northeast Region for Talmer Bank and Trust and as Managing Director, Commercial Relationship Manager prior to that.

“Chad’s level of experience and knowledge of the local market will be valuable assets to our lending team,” noted Ward.

Chad holds a Bachelor of Science degree in business administration and management from Ferris State University and is active in his local community. He currently serves as the Vice President of the Board of Education for Memphis Community Schools and sits on the Board of Directors of the United Way of St. Clair County. 

Chad lives in Goodells with his wife, Jessica, and their children.


Eastern Michigan Bank Announces Ruth Purchase Finalized

03.31.2016 -- Eastern Michigan Financial Corporation, the holding company of Eastern Michigan Bank (Eastern) has announced the completion of its acquisition of Ruth Bank Corporation, the holding company of Ruth State Bank.

Until early June, the Ruth branch will continue to operate as Ruth State Bank. In June, the branch will be fully integrated into Eastern and will operate as Eastern.

Eastern Michigan Bank currently has branch locations in the St. Clair and Sanilac County communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Minden City, Port Huron and Sandusky. Chartered as the State Bank of Croswell in 1895, they have operated as a safe and sound financial institution for more than 120 years, providing a full range of personal and business banking services. With the completion of this transaction, Eastern’s footprint expands by one branch and $38 million in assets, bringing their total assets to approximately $315 million.

“Ruth is an excellent fit for Eastern,” said Tim Ward, CEO of Eastern Michigan Bank. “This merger provides us the opportunity to partner with a financially sound, family-owned community bank to create an even stronger organization that better serves both our customers’ and communities’ financial needs.”

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN. 


Eastern Michigan Bank Announces Acquisition of Ruth State Bank

11.09.2015 -- Eastern Michigan Financial Corporation and Ruth Bank Corporation have entered into an agreement whereby Eastern Michigan Financial Corporation will acquire Ruth Bank Corporation and its wholly owned subsidiary Ruth State Bank. It is anticipated the transaction will be completed sometime in the first quarter of 2016, pending regulatory approval and other customary closing conditions.

Both parent companies are located in the heart of Michigan’s Thumb area and have long histories with the local community. Headquartered in Croswell, Michigan, Eastern Michigan Financial Corporation is the holding company for Eastern Michigan Bank. Initially chartered in 1895 as the State Bank of Croswell, Eastern Michigan Bank currently operates nine branches located in the Sanilac and St. Clair County communities of Croswell, Deckerville, Fort Gratiot, Lakeport, Lexington, Marysville, Minden City, Sandusky and Port Huron. Established in 1907, Ruth State Bank operates from a single location in Ruth, Michigan. Both banks are full-service community institutions, offering their customer base a wide range of deposit products as well as financing for agricultural, commercial, consumer and real estate needs.

Eastern Michigan Financial Corporation trades on the Over-The-Counter Bulletin Board under the symbol EFIN while Ruth Bank Corporation is primarily family owned. As of September 30, 2015, Ruth State Bank’s total assets were $37,787,000. Eastern Michigan Bank’s were $283,613,000 as of that same date.

Ruth State Bank President Joseph Zinger stated, “I am proud of our 108 years of personalized service to Ruth and the surrounding community. All of us at Ruth State Bank thank each and every customer for the trust they have given us over so many decades. Our staff looks forward to helping Eastern Michigan Bank transition into Ruth, and we know we leave our customers to an institution committed to local, friendly, and trustworthy service.”

“We are pleased to announce the acquisition of Ruth State Bank,” commented Tim Ward, Chief Executive Officer of Eastern Michigan Bank. “Their long-standing service to their local community is consistent with our culture here at Eastern Michigan Bank. We look forward to strengthening our existing market concentration and expanding to the north in Huron County.”

Eastern Michigan Financial Corporation was advised by Mike Kelley of Frohm, Kelley, Butler and Ryan, P.C. of Port Huron, Michigan and Ruth Bank Corporation was advised by Craig Mancinotti of Austin Associates of Toledo, Ohio.

Eastern Michigan Bank Welcomes William G. Oldford, Jr.

10.29.2015 -- Eastern Michigan Bank welcomes William G. Oldford, Jr. as President, in charge of operations. Will most recently served as Regional President, Northeast (Thumb) Region of Talmer Bank and Trust as well as managing their wealth management division in Michigan, Ohio, Indiana and Illinois. In addition to a sixteen year career in banking, he practiced law in California and Illinois for eight years. Will is a Lexington, Michigan native and holds a bachelor’s degree from the University of Michigan, a juris doctor from California Western Law School and a master of laws in taxation from Wayne State University.

Current President and Chief Executive Officer Timothy M. Ward remains with Eastern as Chief Executive Officer. Tim will now oversee Eastern’s loan functions in addition to his current responsibilities.