Southern Michigan Bank & Trust Information

Basic Information

Bank Name: Southern Michigan Bank & Trust
Holding Company: Southern Michigan Bancorp, Inc.
Concentration: Commercial Lending Specialization

Address:
45-51 West Pearl Street
Coldwater, Michigan 49036
United States

Website:

General Information

Established: 1872-01-16
Total Branches: 16
Headquarters Located: Coldwater
Assets: $ 716,642,000
Equity Capital: $ 80,819,000
Deposits: $ 595,992,000
Domestic Deposits: $ 595,992,000
Net Income: $ 1,997,000
Quarterly Net Income: $ 1,997,000
Return on Assets: 1.12%
Return on Equity: 9.90%
Pretax Return on Assets: 1.35%

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FDIC Information

Certificate No.: 5019
Insurance: 1934-01-01 00:00:00
Unique ID: 3348
Structural Event: Participated in Absorption/ Consolidation/ Merger
Supervisory Region: Chicago

Federal Reserve District: Chicago
Federal Reserve ID No.: 822042
Geographic Region: Not Mentioned
Supervisory Region: Chicago
Field Office: Grand Rapids
Supervisory Office: Chicago

More Information

County: Branch
State & County No.: 26023
State Identification Code: 26
Interstate Branches: No
Domestic Offices: 16
Conservatorship: No
CMSA Division No.: No

Trust Powers: Yes
CSA:
CSA Code:
CBSA: Coldwater, MI
CBSA Code: 17740
CBSA Metropolitan Statistical Areas:
City of High Holder: Coldwater
FFIEC Call Report 31 Filer: No

Chartering Agency: STATE
OCC Charter Number: 0
Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC.
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Office of Thrift Supervision Region: Central
Regulator:
Office of the Comptroller (OCC) Districts: Central

Report Date: 31 March 2018,   Last Updated: 21 May 2018
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Recent Reviews

Professional and solid bank. Robert Ragasa at the Kamuela Branch was very helpful and professional. If you are looking for a solid bank: look no further.
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(5 / 5)
Rebecca on Nov 27 2018
Stay away from this bank, they are Crooks! In the 3 years that I have been banking with Wells Fargo I have sent hundreds of wires out to foreign country’s and received some wires back to the US. When i received a wire for $21000 and they closed my account without any notice i then received a form email that they closed my account for receiving an unsolicited wire. The local bank manager just shrug his shoulders. Stay away from this bank they are fee crooks.
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Bob Zucker on Nov 25 2018
Be careful when applying for a credit card here. Bank of America does not do good business and they don't seem to care about their customers. At the end of October, I applied for a card with 15 months 0% APR and $0 balance transfer fee that ended up being 18 months 0% APR and 3% balance transfer fee. They're saying I selected a different offer when requesting the transfer, trough their website. They've been awful to me ever since. Taught me a lesson to stick to the bigger, better companies who don't want to lose a customer over something as silly as this.
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Alana on Nov 23 2018
Excellent Five-star service!! Staff is friendly and professional (and very helpful). Never visited banks with such friendly people. Im looking forward to banking with Cathay bank. So far: Great job!!
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(5 / 5)
Robert P on Nov 23 2018
Never ever go to this bank, i went to cash out my check and received 100 dollar's short from my payment i was so mad they kept on that it was not their fault that the girl had give me the exact amount im like really, she must not know how to count because i was missing $100.00.... and after 30 to 40 min later they realize they were over 100 dollars
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Yohanna on Jul 26 2018