Southern Michigan Bancorp, Inc. Appoints Stacey Hamlin as Member of its Board of Directors
December 11, 2019 at 11:33 am EST
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Southern Michigan Bancorp, Inc. appoints Stacey Hamlin as a member of its board of directors. Ms. Hamlin is the President and CEO of CTS Telecom, a third generation family-owned business. CTS has proudly served the local community since 1911. Her grandfather, John Collver, purchased the telephone company in 1949 and it has remained with the family since then.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust (The Bank). The Bank operates about 18 branches within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph counties, providing a range of consumer, business, and wealth management services throughout the region. Its business, which it conducts primarily through the Bank, is concentrated in a single industry segment, commercial banking. The Bank offers a variety of deposit, payment, credit, and other financial services to all types of customers. The Bankâs commercial lending covers categories, such as business, industrial, agricultural, construction, inventory, and real estate. It offers trust and investment services, which include investment management, trustee services, and others. It also owns Southern Michigan Bancorp Capital Trust I, SMB Risk Management, Inc., and 27 Marshall Street, LLC. The Bank wholly owns SMB Financial Services, Inc.