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Sunday, December 6, 2009, 5:00PM ET - U.S. Markets Closed. Dow Up 0.22% Nasdaq Up 0.98%
Sturgis Bancorp Inc. (STBI.OB)On Dec 4: 7.45  Up 0.06 (0.81%)  
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Sturgis Bancorp Inc.
113-125 Echicago Road
Sturgis, MI 49091
United States - Map
Phone: 269-651-9345
Fax: 616-651-5512
Web Site: http://www.sturgisbank.com

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

BUSINESS SUMMARY 
Sturgis Bancorp, Inc. operates as the holding company of Sturgis Bank & Trust Company, which primarily engages in accepting savings deposits from the general public and making single family mortgage loans, as well as consumer and commercial loans. The bank’s savings programs include passbook and statement accounts, NOW accounts, Super NOW accounts, money-market accounts, and fixed-rate and fixed-term certificates of deposit. Its lending activities include mortgage loans on residential properties, mortgage loans on commercial properties, commercial nonmortgage loans, and consumer loans. The bank invests in various liquid assets, including short-term United States Treasury obligations and securities of various federal and state agencies; certificates of deposit at insured financial institutions; banker's acceptances; and federal funds. The bank’s trust department offers trust, custodial, and agency accounts to its customers within the bank's market area. As of July 18, 2006, the bank operated 11 offices in the Michigan, United States. Sturgis Bancorp was founded in 1905 and is based in Sturgis, Michigan.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Mr. Eric L. Eishen , 43
    Chief Exec. Officer, Pres, Director, Chief Exec. Officer - Sturgis Bank and Trust Company, Pres - Sturgis Bank and Trust Company - Sturgis Bank and Trust Company
    $ 195.00K $ 0
    Mr. Brian P. Hoggatt , 42
    Chief Financial Officer, Sec., Treasurer, Chief Financial Officer - Sturgis Bank and Trust Company, Sr. VP - Sturgis Bank & Trust Company, Sec. - Sturgis Bank and Trust Company and Treasurer - Sturgis Bank and Trust Company
    $ 133.00K $ 0
    Mr. Ronald W. Scheske , 53
    VP and Exec. VP - Sturgis Bank and Trust Company
    $ 120.00K $ 0
    Mr. Tracey L. Parker ,
    Sr. VP of Retail Lending - Sturgis Bank & Trust Company
    N/A N/A
    Mr. Steven G. Gage ,
    Sr. VP of Commercial Lending - Sturgis Bank & Trust Company
    N/A N/A
    Dollar amounts are as of 31-Dec-03 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.
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