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Eastern Michigan Financial 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 at 810.398.5135 or emcmillan@easternmichiganbank.com.

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


Alex 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. 


Eastern Michigan Financial 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 at 810.398.5135 or klord@easternmichiganbank.com.

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

Eastern 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.


Kara Turcott Promoted to Credit Manager

10.24.16 -- Timothy M. Ward, Chief Executive Officer of Eastern Michigan Bank, is pleased to announce the promotion of Kara Turcott to Credit Manager and bank officer. Ms. Turcott joined Eastern Michigan Bank in 2001 as a teller and has previously held the positions of accounting clerk, commercial loan clerk and credit analyst.

Kara is also working towards an associate’s degree in business through Baker College. She lives in Lexington with her husband, Gary.




Gerald 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 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.

Eastern Michigan Financial 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 at 810.398.5135 or klord@easternmichiganbank.com.

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


Eastern 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 its Sandusky branch. 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.

Eastern 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 their 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.


Eastern Michigan Financial 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 at 810.398.5135 or klord@easternmichiganbank.com.

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


Eastern 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 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.



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