Ann Arbor, Michigan, June 25, 2010 – Bank of Ann Arbor is pleased to announce that Lyle Dahlberg has joined the bank as First Vice President, Trust and Investment Group Manager.  He will assume full management responsibility for all activities of the Trust and Investment Group. Thomas Kallewaard, the former group head who has provided exceptional leadership over the past seven years, is not leaving the bank but will begin, at his request, the transition to a business development and account administration position.

“It is with great pleasure that we welcome Lyle to this strategic growth area of the bank,” said Tim Marshall, President & CEO. “Under Tom’s leadership we grew to nearly $650 million in assets under management and we anticipate that Lyle will continue this growth pattern in the years to come. It is truly exciting to attract Lyle to our team as he brings an abundance of technical knowledge, many years of leadership experience, and has established a proven record of exceptional client satisfaction in the trust and investment area.”

Mr. Dahlberg’s 28 year trust and investment career started with NBD and eventually ended up working for JPMorgan after numerous acquisitions and name changes.  He started his career in the trust administration area, gained multi-state management experience in the estate settlement unit, and his most recent position with JPMorgan was the Managing Director of the Grosse Pointe Private Client Service office. In this position, he was responsible for investment management, private banking, lending, fiduciary/trust administration, insurance, and financial planning. Dahlberg is a graduate of the Northwestern University National Trust School and the National Graduate Trust School, received his law degree from Detroit College of Law, and his undergraduate degree from the University of Denver.

“I am thrilled to be joining Bank of Ann Arbor, a first-rate organization dedicated to the success of our community,” said Dahlberg. “I look forward to working with the talented, experienced team of trust and investment professionals at Bank of Ann Arbor.  We will maintain our disciplined approach to long-term investing, always providing the exceptional level of service that our clients expect and deserve.”

About Bank of Ann Arbor

Bank of Ann Arbor is a locally owned and operated bank with total assets and assets under management of nearly $1.3 billion, serving people and businesses in Ann Arbor, Ypsilanti with offices at the corner of Fifth Avenue and Washington Street in downtown Ann Arbor, in the Traver Village Shopping Center, on West Michigan Avenue in downtown Ypsilanti, across from the Arborland Mall, at the corner of Stadium and Liberty streets, on West Ellsworth Road. Its newest office is on Ann Arbor Road in Plymouth.  The web site is www.boaa.com. Visit us on Facebook, Twitter, and LinkedIn. 

What would summer be without street fairs and music in the park? But with so much oriented toward bringing people into Ann Arbor, sometimes it's nice to have something specifically for the locals. Not only does Sonic Lunch deliver 12 weeks of free noon-time concerts to downtown, the president of Bank of Ann Arbor actually helps pick the bands.

Watch the video Keith Jeffries and Concentrate Media put together on Bank of Ann Arbor's Sonic Lunch.

Recycle Ann Arbor, a nonprofit focused on recycling and waste issues, announced May 26 that Bank of Ann Arbor was awarded the Business Recycling Leadership Award. The award recognizes outstanding recycling and sustainability efforts by Ann Arbor businesses. Read the full article on AnnArbor.com.

AnnArbor.com attended Bank of Ann Arbor's kick-off concert featuring Ann Arbor's own The Macpodz, and created this fun video. Check out Stephen Kellogg and The Sixers at Sonic Lunch on Thursday, June 10, 2010.

Failed New Liberty Bank created opportunity for Bank of Ann Arbor's expansion into Plymouth, reported AnnArbor.com on Sunday, May 16. Bank of Ann Arbor President & CEO Tim Marshall said Bank of Ann Arbor’s strong balance sheet put it into contention to acquire the failed bank and turn it into an expansion opportunity amid the biggest banking crisis in decades.

“You have to be highly rated and financially strong,” Marshall said. “The management team has to have proven that we can make an immediate acquisition and fold it in, and operate it very successfully.”

The acquisition closes a 6-week process during which Bank of Ann Arbor had to be certified by the FDIC to bid on the failed bank.

Read the full article on AnnArbor.com.

On Friday, May 14, the FDIC closed a failing New Liberty Bank in Plymouth, MI and announced its acquisition by Bank of Ann Arbor. AnnArbor.com reported that the acquisition is the first local takeover of a troubled bank since the banking crisis began in 2008. This marks the 70th bank closing so far this year. Read the full article in AnnArbor.com.

ANN ARBOR, MICHIGAN, MAY 14, 2010 – Bank of Ann Arbor, a wholly owned subsidiary of Arbor Bancorp, Inc, announced today that it assumed the deposits and acquired substantially all of assets of Plymouth, Michigan-based New Liberty Bank at the close of business today in a transaction facilitated by the Federal Deposit Insurance Corporation (“FDIC”). Pursuant to the terms of the Purchase and Assumption Agreement entered into with the FDIC, Bank of Ann Arbor assumed approximately $101.8 million in deposits and approximately $95.2 million in loans which are subject to a loss-share agreement with the FDIC.

“I want to assure all New Liberty Bank customers and the Plymouth, Canton and Northville communities that the deposits and business affairs of the former New Liberty Bank are in safe and secure hands,” said Timothy G. Marshall, President & CEO, Bank of Ann Arbor. “Bank of Ann Arbor is a strong, stable institution that understands the needs and concerns of the communities we serve.  Our top priority is to assure New Liberty customers that their deposits are safe and remain readily available.  We welcome the New Liberty employees to the Bank of Ann Arbor team.  It seems only fitting that we would open our newest location in Plymouth on Ann Arbor Road, as it befits our status as Ann Arbor’s premier locally-owned bank.”

The New Liberty office location at 1333 W. Ann Arbor Road, Plymouth, Michigan will reopen during normal business hours beginning Saturday, May 15, 2010 as a branch of Bank of Ann Arbor.  New Liberty depositors will automatically become customers of Bank of Ann Arbor and will have uninterrupted access to their funds, all of which will continue to be insured by the FDIC up to the maximum allowable.  Former New Liberty Bank customers should continue to bank as usual.

Customers who have questions about today’s transaction can call the FDIC toll-free at (800)894-6992.  The phone number will be operational this evening until 9:00 p.m.; on Saturday, May 15, from 9:00 a.m. to 6:00 p.m.; on Sunday, May 16, from Noon to 6:00 p.m.; and thereafter from 8:00 a.m. to 8:00 p.m.  Interested parties can also visit the FDIC’s website at http://www.fdic.gov/bank/individual/failed/newlibertymi.html.

The Michigan Bankers Association (MBA) awarded Bank of Ann Arbor an MBA Bank Marketing Award in the electronic digital category, which is given to a bank for its innovative Web site, banner ads and social media sites. Criteria for the award were based on originality of concept or design and clarity and consistency of message.

They received their award at the MBA Bankers Education Summit and Trade Show Conference (BEST) held April 20 – 21, 2010, in Traverse City.

Read the full press release.

Tune in to Ann Arbor Radio (107.1fm) and W4 Country (102.9fm) to hear our latest radio commercials or take a listen here. These spots feature an “Ann Arbor banker” being tested on his knowledge of local businesses and landmarks. As you might guess, he gets them all wrong. But of course, we here at Bank of Ann Arbor know all the answers, because we know our community (and we created the commercials).  And while you are out and about town, look for our new billboards that went up last week with some new phrases.  We’re having fun with this campaign so let us know if you enjoy it too. Send us your ideas for other local landmarks that highlight what locals know about our terrific town.

Bank of Ann Arbor is pleased to partner with Mighty Good Coffee Roasting to provide complementary coffee for clients in our Stadium and Ellsworth offices.  Mighty Good Coffee is providing rotating brews of their freshly roasted coffees in these offices.  Future plans include Mighty Good Coffee bars at our other offices.

“I’ve been a customer of the Bank of Ann Arbor for the past 15 years,” said David Meyers, Managing Partner, Mighty Good Coffee Roasting Company.  “From business and personal accounts to our mortgages and trust accounts, the bank has consistently and conveniently served my family’s banking needs. We’re very happy to have the opportunity to serve our coffee to Bank of Ann Arbor customers.”

Mighty Good Coffee’s consideration of the environment makes this partnership greener. Coffee will be served in paper cups that use post consumer recycled content, instead of Styrofoam.  Coffee will be delivered in bulk totes to each office instead of individual bags.  These and other efforts reduce waste for everyone.

Great tasting coffee from an Ann Arbor-based small business. Now that’s mighty good news.