In The News

2011

12/15/11 - Ann Arbor State Bank is in the news for our participation in the US Marine Corp's Toys for Tots Program and having a beautiful antique sleigh on display. The bank is displaying a sleigh made in 1889 by the Ann Arbor Carrigage Company. This local company was known it its day for making top of the line carriages and light sleighs. It was a jewel for the City of Ann Arbor providing two vehicles to President Grover Cleveland's adminstration. The display is complete with two reindeer and loads of presents along with a decorated Christmas tree. The public is invited to come to the bank now through December 20th to make a donation to Toys for Tots and view the display of this hidden Ann Arbor Treasure.

11/30/11 - Consumers have important decisions to make when it comes to managing money and saving for their future, particularly in a tough economy when every dollar counts. To help consumers make choices based on practical information from reliable sources, the Fall 2011 issue of FDIC Consumer News offers simple strategies in three areas: saving for retirement, improving credit scores and buying vs. renting a home. In addition, the issue offers new tips and information related to Internet Banking.

Click here to be directed to the FDIC website to read or print the latest issue.

11/28/11 - On December 14, 2011, at 1:00 p.m. Eastern time, Visa will host a free webinar titled "U.S. Small Merchant Data Security and Authentication." This webinar will provide small merchants with an overview of the data security landscape, including potential impacts of new technologies such as chip, point-to-point encryption and tokenization. It will also cover Visa's recent announcement regarding accelerated chip migration in the United States. This one hour event is open to an unlimited number of Visa acquirers and merchants. To register click here.

11/15/11 - Ann Arbor State Bank supports 826michigan a local nonprofit writing and tutoring center in their second annaul festival of student-written one-act plays, "Five Bowls of Oatmeal: The Return of Oatmeal". The event will be held at Rackham Auditorium (913 E. Washington St) at 7:00 p.m. on Thursday, November 17.

10/24/11 - The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC. The e-mail appears to be sent from an "FDIC.gov Alert Service [mailto: subscriptions@fdic.gov]" e-mail address and has a subject line that reads: "SA-28-2011: Counterfeit Cashier's Checks Alert".

The e-mail attempts to trick the recipient into clicking on a link directing the recipient to a fraudulent web site. This e-mail and link are fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should not click on the link provided.

The FDIC does not issue unsolicited e-mails to consumers or business account holders.

9/15/11 - After spending nearly three years with the start up Ann Arbor State Bank, Barb Furman is retiring. The employees wish her a happy and enjoyable retirement. She will be greatly missed by both employees and customers.

8/22/11 - Mortgage rates are at historic lows. Now is a great time to call us for a no-cost, no-obligation personal analysis of your current mortgage. Contact us at 734-761-1475.

8/15/11 - Ann Arbor State Bank is proud to support the United Way of Washtenaw County by being a pacesetter company. We recognize how important it is to secure funds to meet the growing demands toward basic needs.

8/9/11 - Ann Arbor Bancorp, parent company to Ann Arbor State Bank, has recruited investment management specialist Bernie Bedell to lead First Arbor Advisors, a new division that is geared to individuals with portfolios worth at least $100,000.

7/31/11 - William Broucek, CEO of Ann Arbor State Bank, has announced that Phil Weiss has recently joined the team as Vice President of Commercial Banking. Mr. Weiss will be specializing in business lending and Government Sponsored Loan Programs, including SBA 504 and 7A Loans, USDA Loan Programs and MEDC Loans.

7/14/11 - The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent emails that have the appearance of being from the FDIC. The emails appear to be sent from various "@fdic.gov" email addresses such as protection@fdic.gov, admin@administration.fdic.gov or service@admin.fdic.gov.

The messages have various subject lines that read: "Update your banking account" or "ACH and Wire Transfers disabled" and "Banking Security Update".

The fraudulent emails are addressed to "Dear Clients" and state "Your Account ACH and Wire transactions have been temporarily suspended for your Security, due to expiration of your security version". The email requests the recipient to download and install updates by clicking on a link in the message.

The FDIC reminds Financial Institutions, businesses and consumers alike that the FDIC does not directly contact consumers in this manner. Recipients should NOT access the link provided in the email and should NOT, under any circumstances, provide personal financial information through this media.

07/11/11 - The Washtenaw County United Way and Young Leaders Society are hosting an Executive Lunch at the Carlyle Grill on July 26, 2011. Ann Arbor State Bank President, Peter Schork, is on the panel of speakers discussing economic trends in Michigan. Click here to read more.

6/6/11 - Congratulations to our very own Chairman and CEO, Mr. William Broucek! Mr. Broucek was recognized for over 53 years of experience in banking and business by being awarded an Honorary Doctor of Science in Business degree from Cleary University on June 4, 2011. Mr. Broucek was the key note speaker at the commencement ceremony and spoke to the graduates about how to be successful in business.

5/31/11 - Ann Arbor State Bank would like to thank the readers of Current Magazine for voting Ann Arbor State Bank as runner up for the Reader's Choice of favorite bank or credit union. Check out all of the Reader's Choice winners and runners up by clicking here to visit ecurrent.com.

5/10/11 - Ann Arbor State Bank Chairman and CEO, Bill Broucek, will address Cleary University Graduates on June 4, 2011. Mr. Broucek will also be awarded an honorary Doctor of Science in Business degree, click here to read more.

3/11/11 - Ann Arbor State Bank is sponsoring the NEF's March 17th event "Secrets of the Investor/Investee Relationship". Click here to read more.

2/3/11 - Ann Arbor State Bank achieves profitability in second year and adds staff, click here to read more.

01/29/11 - Ann Arbor State Bank is in the news for hiring Brad Johnson, Vice President Commercial Banking. Brad will be focused on servicing the needs of Jackson County where he is a lifelong resident.

01/12/11 - The Federal Deposit Insurance Corporation (FDIC) has received numerous reports from consumers who received an e-mail that has the appearance of being sent from the FDIC. The e-mail informs the recipient that "in cooperation with the Department of Homeland Security, federal, state and local governments…" the FDIC has withdrawn deposit insurance from the recipient's account "due to account activity that violates the Patriot Act." It further states deposit insurance will remain suspended until identity and account information can be verified using a system called "IDVerify." If consumers go to the link provided in the e-mail, it is suspected they will be asked for personal or confidential information, or malicious software may be loaded onto the recipient's computer. This e-mail is fraudulent. It was not sent by the FDIC. It is an attempt to obtain personal information from consumers. Financial institutions and consumers should NOT access the link provided within the body of the e-mail and should NOT under any circumstances provide any personal information through this media.

The FDIC is attempting to identify the source of the e-mails and disrupt the transmission. Until this is achieved, consumers are asked to report any similar attempts to obtain this information to the FDIC by sending information to alert@fdic.gov.

01/04/11 - The Washtenaw County United Way and Young Leaders Society are hosting their first Executive Lunch at the Bell tower Hotel on January 19, 2011. Ann Arbor State Bank President, Peter Schork, is one of the featured speakers. Click here to read more.

01/01/11 - The Board of Directors at Ann Arbor State Bank is pleased to announce the election of a new Board Member, Toni Rodgers. Toni is the owner/operator of four local McDonald's restaurants. Toni earned her BA degree through Michigan State University in social work and later her MBA from the University of Detroit in marketing and economics. She worked as a Credit Analyst for Comerica Bank following some time as a Social Worker/Therapist. She also worked for General Motors in various marketing roles including Brand Management, Product Training, Strategic Planning and Economic Analysis. She acquired her first McDonald's store in April 2004. Toni resides in Ann Arbor with her husband and co-owner B.J. Rodgers. They have six grown children.

2010

10/14/10 - Ann Arbor State Bank Grows Market Share in Washtenaw County. Click here to read more.

9/7/10 - Ann Arbor State Bank CEO, William Broucek, talks to Michigan Banker Magazine. If you are a member of Facebook, click here to read more.

8/31/10 - Ann Arbor State Bank became the nation's newest $100,000,000 bank, with nine profitable months in a row. Isn't it ironic that it is happening right here in Michigan, and in this economy? We believe in you. We believe in our community. We believe in old-fashioned values, and we are pleased that you believe in us. We may be a new bank, but we are not new to banking.

8/11/10 - Ann Arbor State Bank President, Peter Schork, offers his advice in an article from Our House Magazine. Click Here to download the pdf.

7/8/10 - Ann Arbor State will accept summer property tax payments for the City of Ann Arbor until July 30, 2010. Payments made after July 31st are subject to a late fee and cannot be made at the bank.

3/8/10 - Washtenaw County braces for job growth and economic rebound to begin in 2010

5/27/10 - The Spring 2010 issue of FDIC Consumer News is available at the FDIC website. Click on the link below and view information on new credit card laws, depositing money through an agent or broker and understanding risks and costs of a reverse mortgage.

www.fdic.gov/consumers/consumer/news/cnspr10

3/8/10 - FDIC to Provide Quick Tips for Consumers Over the Internet

The FDIC, in observance of National Consumer Protection Week (NCPW) March 7-13 and its theme of helping people of all ages exercise their consumer rights, announced today that the agency will begin to regularly deliver timely tips on money management on the agency's Web site and through an e-mail subscription service. The FDIC's "Consumer Tip of the Week" may be found at www.fdic.gov/consumertips.

02/22/10 - New credit card rules go into effect today that mandate greater transparency and limitations on fee generating tactics. Click on the link below to visit a website created by the Federal Reserve to explain the new changes to consumers.

http://www.federalreserve.gov/creditcard/

01/13/10—The FBI today reminds Internet users who receive appeals to donate money in the aftermath of Tuesday’s earthquake in Haiti to apply a critical eye and do their due diligence before responding to those requests. Past tragedies and natural disasters have prompted individuals with criminal intent to solicit contributions purportedly for a charitable organization and/or a good cause.

Therefore, before making a donation of any kind, consumers should adhere to certain guidelines, to include the following:

Do not respond to any unsolicited (spam) incoming e-mails, including clicking links contained within those messages.
Be skeptical of individuals representing themselves as surviving victims or officials asking for donations via e-mail or social networking sites.
Verify the legitimacy of nonprofit organizations by utilizing various Internet-based resources that may assist in confirming the group’s existence and its nonprofit status rather than following a purported link to the site.
Be cautious of e-mails that claim to show pictures of the disaster areas in attached files because the files may contain viruses. Only open attachments from known senders.
Make contributions directly to known organizations rather than relying on others to make the donation on your behalf to ensure contributions are received and used for intended purposes.
Do not give your personal or financial information to anyone who solicits contributions: Providing such information may compromise your identity and make you vulnerable to identity theft.

Anyone who has received an e-mail referencing the above information or anyone who may have been a victim of this or a similar incident should notify the IC3 via www.ic3.gov.

2009

October
10/22/09 - Annual FDIC report: Ann Arbor's local banks gaining market share

August
8/22/09 - Skyrocketing FDIC premiums depress Ann Arbor bank earnings

July
7/29/2009 - Ann Arbor's Huron Valley Financial acquires First Financial as part of mortgage broker consolidation

May
5/21/09 - Ann Arbor banks see surge in commercial lending
5/20/09 - Clifford Sheldon joins Ann Arbor State Bank's commercial banking team

January
1/4/09 - New Ann Arbor bank sees credit crunch as opportunity

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