Bank News

Huron Valley State Bank Celebrates Bank at School Partnerships

Huron Valley State Bank (HVSB) and three local elementary schools, Spring Mills, Johnson, and Heritage celebrated the success of the Bank-At-School program. This is a student-run bank located inside of the school that teaches hands-on financial literacy, money management, and provides for real life banking experience. Students applied and interviewed for positions earlier in the year, and were trained for actual banking positions to accept money from their fellow classmates to deposit into the bank. The schools celebrate the end of the year program with a ceremonial pizza party where all student bank customers and bankers enjoy food, fun and fellowship.

Huron Valley State Bank Employees Give Back to the Community Casual For A Cause Program Raises over $1,500

 As a community bank, the employees of Huron Valley State Bank embrace giving back to the community. The monthly “Casual for a Cause” program occurs the last Friday of every month which allows bankers to dress casually and collectively contribute to worthwhile causes. In 2016, the bank raised over $1,500 in monetary donations.

Huron Valley State Bank Announces the Appointment of Tilly Williams to Vice President / Credit Manager

Jack Shubitowski, President and CEO of Huron Valley State Bank, is pleased to announce that Matilda "Tilly" Williams has been appointed to Vice President / Credit Manager. In her role she is responsible for managing all credit functions for the commercial banking group.

Tilly joined the team at Huron Valley State Bank in late March of this year. She has over 35 years of banking experience, twenty five years focused in Commercial Banking and Credit. She most recently served as Regional Credit Officer of the Business Banking Credit Administration for First Merit Bank (previously Citizens Republic) where she was responsible for Commercial Credit Approval for a large portion of the bank's commercial footprint.

Huron Valley State Bank Announces the Partnership with Heritage Elementary School

Huron Valley State Bank is pleased to announce the partnership with Heritage Elementary School for the "Bank at School" program. The bank opened for business on Friday, October 21st after a ceremonial Ribbon Cutting at 9:15 am, and will operate the third Friday of every month. This is the third elementary school partnership for Huron Valley State Bank.

Huron Valley Bancorp, Inc. Reports Q3 Results for 2016

Third quarter net income was $280,000 or $0.34 per share, compared to $231,000 or $0.28 per share for Q3 2015. Year-to-date net income for 2016 was $724,000 or $0.88 per share, compared with 2015's $734,000 or $0.89 per share. The slight decrease in year-to-date net income is the result of increased expenses related to the repayment of the SBLF Preferred Stock in January 2016 and ongoing interest expense associated with the new debt, and stock transaction-related expenses. In addition, net interest margin is down based on the prevailing lower interest rate market over the last 12 months, yet it still remains above 4.0%. The significant increase in return on average equity (ROAE) of 11.38% for the quarter, reflects lower capital in 2016 due to the repayment of the SBLF Preferred Stock.


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