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Southern Michigan Bancorp Inc. (SOMC)

-Other OTC
19.25 0.00(0.00%) 11:26AM EDT
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Southern Michigan Bancorp Inc.
51 West Pearl Street
Coldwater, MI 49036
United States - Map
Phone: 517-279-5500

Index Membership:N/A
Industry:Regional - Midwest Banks
Full Time Employees:N/A

Business Summary 

Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust, which provides commercial banking products and services to individuals, businesses, institutions, and government agencies in the southwest Michigan communities. The company accepts a range of deposit products, such as interest and non-interest checking, passbook savings, and money market accounts, as well as time deposits and certificates of deposit. It provides commercial and agricultural loans; commercial, residential, and construction real estate loans; and consumer loans. In addition, the company offers trust and investment services, which include investment management, trustee services, IRA rollovers and retirement plans, institutional and personal custody, estate settlement, wealth management, estate planning assistance, wealth transfer planning assistance, charitable gift planning assistance, and cash management custody; and safe deposit and automated teller machine services. It operates 15 banking offices in Battle Creek, Camden, Centreville, Coldwater, Constantine, Hillsdale, Marshall, Mendon, Tekonsha, Three Rivers, and Union City, Michigan. The company is headquartered in Coldwater, Michigan.

Key Statistics

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Key Executives 
Ms. Danice L. Chartrand , 47
Chief Financial Officer, Principal Accounting Officer, Sr. VP, Sec., Treasurer, Chief Financial Officer of Southern Michigan Bank & Trust, Sr. VP of Southern Michigan Bank & Trust, Sec. of Southern Michigan Bank & Trust and Treasurer of Southern Michigan Bank & Trust
Mr. John H. Castle , 57
Director, Chairman of Southern and Southern Michigan Bank, Chief Exec. Officer of Southern and Southern Michigan Bank, Director of Southern Michigan Bank & Trust and Member of Exec. Committee
Mr. Kurt G. Miller , 58
Director, Member of Exec. Committee, Pres of Southern & Southern Michigan Bank, Chief Credit Officer of Southern & Southern Michigan Bank and Director of Southern Michigan Bank & Trust
Ms. Mary Guthrie ,
Sr. VP of Trust Department of Southern Michigan Bank & Trust and Sr. Trust Officer of Trust Department Southern Michigan Bank & Trust
Mr. David Clow ,
Sr. VP of Commercial Loans - Southern Michigan Bank & Trust and Head of Commercial Lending - Southern Michigan Bank & Trust
Amounts are as of Dec 31, 2012 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.