Bank News

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.

Huron Valley State Bank Announces the Appointment of Kevin McIsaac to Vice President / Commercial Lender

Jack Shubitowski, President and CEO of Huron Valley State Bank, is pleased to announce the appointment of Kevin McIsaac to Vice President / Commercial Lender. In his position, he will be concentrating on developing and expanding commercial relationships in the community. The commercial lending team has grown to four lenders with the addition of McIsaac.

Huron Valley State Bank Announces the Promotion of Melissa Herron to Cash Management Specialist

Jack Shubitowski, President and CEO of Huron Valley State Bank, is pleased to announce the promotion of Melissa Herron to Cash Management Specialist. In this newly created position, she is responsible for developing a strong relationship between the operations and the commercial lending team to create a link between the bank's product offerings and the business needs of customers. Herron also will serve as a resource for business customers for all their cash management needs and remote deposit capture services.

Huron Valley State Bank and Deutch & Associates, A Financial Advisory Practice of Ameriprise Financial Services, Inc. Co-Sponsor Shredding Truck

At YMCA Earth Friendly Family Fun Festival on April 24th from 12:00-4:00 pm

In conjunction with the Green Team and Carls Family YMCA's Earth Friendly Family Fun Festival, Huron Valley State Bank and Elizabeth K. Deutch, CFP® are once again co-sponsoring the community shredding program on Sunday, April 24, from 12:00-4:00 pm, at the Carl's Family YMCA at 300 Family Drive, Milford.

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