Bank of Ann Arbor News & Press Releases

Bank of Ann Arbor helps the Ann Arbor Art Center celebrate 100 years
11/26/08

Bank of Ann Arbor and the Ann Arbor Art Center announce the release of a 2009 wall calendar featuring a collection of art from twelve area artists.

After a successful collaborative effort with the Neutral Zone, a locally-based teen center, on the 2008 calendar, Bank of Ann Arbor was pleased to be able to showcase the fine work of another local nonprofit for the upcoming calendar. "When the Ann Arbor Art Center approached us with the desire to work together on our 2009 calendar, we felt this could be an excellent partnership," said Rhonda Foxworth, Assistant Vice President & Marketing Manager, Bank of Ann Arbor. "Our friends and clients would enjoy a year of terrific art and the Ann Arbor Art Center could get additional recognition in celebration of their 100th birthday."

"The Art Center's mission encompasses engaging the community with artists and recognizing their talent and accomplishments," said Marsha Chamberlin, President & CEO, Ann Arbor Art Center. "The calendar does this for twelve artists beautifully! As a one hundred year-old organization, this is a great way to begin the next year and the next century. We are thankful for the opportunity presented by such a great local citizen, Bank of Ann Arbor, which does so many wonderful things for the local nonprofit community".

Featured in calendar are works by twelve Ann Arbor Art Center artists who have won "Best of Show" over the past years. Works and artists featured are:

Kelly Jean Ohl, "Domestic Markings #27"
Christine Kelly-Bentgen, "Outwitting Aphrodite"
Yulia Hanansen, "The Butterfly of Fire and Water"
Richard Koenig, "Untitled (Sit) 2005"
Richard Hackel, "Live Oak Allee"
Vickie Peterson-Michalak, "Butterfly House"
Judith Jacobs, "Crackerjack Salutes You"
Lois B. Bryant, "Chip"
Luke Engel, "Motor City Five"
Alvey Jones, "Nichols Arboretum: Huron River, Noon"
Bruce Thayer, "The Campaign Promise"
Matthew Doyle, "Untitled, 2006"

About the Ann Arbor Art Center

Founded in 1909, the Ann Arbor Art Center's mission is to be a dynamic organization, engaging the community in the education, exhibition and exploration of the visual arts. It is the only organization in Ann Arbor that offers hands-on art education, art appreciation programs, and exhibitions all in one facility. It is committed to breaking through economic, social and physical barriers by offering outreach programs to provide easy access to the arts for everyone, tuition grants and programs for all levels of art skill and interests in locations throughout the region. www.annarborartcenter.org

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Bank of Ann Arbor Adds Investment and Cash Management Professionals
11/26/08

Bank of Ann Arbor is pleased to announce the following new team members.

Cathleen Savoie joins Bank of Ann Arbor's Trust and Investment Management Group as Senior Vice President and Investment Officer. Cathy comes to Bank of Ann Arbor from Key Bank, where she worked for 20 years managing investments for individuals and non-profit entities including foundations, endowments and charitable trusts. She has a B.A. in Finance from Michigan State University and is a Chartered Financial Analyst.

"The Trust and Investment Management Group has grown in excess of 150% over the last four and half years. With nearly $600 million in assets under management, our investment team needed to add another experienced manager," said Bernie Bedell, Senior Vice President and Senior Investment Officer. "Cathy adds depth and expertise to our locally-based investment management team and will be a valuable addition as we continue to grow assets under management and provide our clients the highest level of personal service."

Christine Johnson joins Bank of Ann Arbor as Vice President, Cash Management Services. Christine comes to the bank to manage a comprehensive suite of cash management services to meet the expanding banking needs of our business clients. Most recently, she was a commercial lender at Mercantile Bank, Ann Arbor. She has over 15 years of distinguished service in the Ann Arbor community in the areas of business, personal, and private banking. Christine holds a B.B.A. from the University of Cincinnati.

"The resounding success of our remote deposit capture product, EasyDeposit, and growth of new electronic banking options such as the recently introduced mobile banking product has created the need for additional staff in this area of the bank," said Patti Judson, Senior Vice President, Branch Administration, Operations and Cash Management. "Christine's wide range of banking experience serving both individuals and businesses will be valuable as Bank of Ann Arbor continues to embrace advancements in the electronic banking segment and we further develop new and existing products and services to help businesses manage their cash resources more efficiently."

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Bank of Ann Arbor TV campaign: 220 people, 63 businesses, 2 dogs, 1 fish
8/18/08

Today, Bank of Ann Arbor's "me, me, me" television campaign begins airing, with 220 people, 63 businesses, 2 dogs, 1 fish---all Ann Arbor and Ypsilanti residents---featured in the campaign. The three 30-second commercials extend the bank's lime green "Helps" campaign---which has been featured on outdoor billboards and in newspaper ads around town for the last several years---into television for the first time.

"We wanted to show our uniqueness and the role we play in serving the community as a locally owned bank in Washtenaw County," said Tim Marshall, Bank of Ann Arbor president. "The commercials show the wide range of area businesses and individuals that we help every day. It's a testament to our local commitment that this many people would take the time to participate in the making of these commercials."

Every man, woman, child, dog and fish who appear in the commercials speaks---or sings---no more than two words, one of which is "me."

Another interesting aspect of the campaign is that no mention is made of any specific banking services. "You'd never see Comerica or other big banks do that," said Ernie Perich, whose agency, Perich Advertising + Design, created the spots. "To me, having all those fine folks appear in a Bank of Ann Arbor TV spot says 'good banking services' in a far better way than actually saying the words 'good banking services'."

The campaign is currently scheduled to run into early October on Comcast in Ann Arbor. It can be seen on Discovery, ESPN, Food Network, HGTV, Lifetime, and TNT. Commercials will also run on Monday Night Football throughout the season.

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Bank of Ann Arbor partners with Neutral Zone for 2008 Calendar
12/5/07

Bank of Ann Arbor and The Neutral Zone announce the release of their 2008 calendar featuring digital photography and creative writing from nine area teens.

Bank of Ann Arbor approached the Neutral Zone with the concept of creating a calendar featuring the art of their teens. The Neutral Zone enthusiastically embraced the idea. "When the Neutral Zone moved into the space on Washington Street they became next door neighbors to our downtown Ann Arbor office," said Rhonda Foxworth, Assistant Vice President & Marketing Officer, Bank of Ann Arbor. "Working together to create our annual calendar seemed like a great way to introduce our clients and friends to the fabulous work the Neutral Zone teens and staff do every day.

"The Neutral Zone was excited by this collaborative project with a local business," said John Weiss, Executive Director, Neutral Zone. "The calendar project truly fits our mission of providing teens with experiences and opportunities for personal growth through artistic expression."

"Bank of Ann Arbor is pleased to have made this project a reality, said Timothy Marshall, President & CEO, Bank of Ann Arbor. "We help many nonprofits in our community in a variety of ways. It's one of the ways Bank of Ann Arbor helps."

An excellent example of how the Neutral Zone helps grow talent is Community High student, Allison Correll. Allison Correll discovered her love for photography and also her talent. To her great surprise (and delight), at the end-of-class art show, she sold four beautiful flower pictures, worth about $200 total. "I can't believe I made something that people would pay $50 for." Now friends are paying her to take pictures for them, and she's building a photo studio in her basement to support her habit, and maybe her career. "If I hadn't taken the Neutral Zone's summer class, I would never know how great photography is. I am even considering going in to it as a profession."

The Bank of Ann Arbor and Neutral Zone 2008 calendar of youth photography and creative writing is available for free at the Neutral Zone, 310 E. Washington St., Ann Arbor or any Bank of Ann Arbor office.

Photography by:

Allison Correll, Community High School '09
Grace Eder, Huron High School '09
Julia Kramer, Huron High School '09
Kelly Newman, Huron High School '09
Alex Sing, Chelsea High School '10

Creative writing by:

Mike Kulick, Pioneer High School '08
Kate Rogow, Pioneer High School '08
Marshall Thomas, Pioneer High School '08
Anthony Zick, Pioneer High School '08

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David Sarns Joins Bank of Ann Arbor's Board of Directors
7/07

Bank of Ann Arbor is pleased to announce that David R. Sarns has been appointed to its Board of Directors.

Mr. Sarns is the Managing Director of 360 Advisors L.L.C., a private investment and advisory firm which offers its services to emerging companies. He has over 25 years of experience in leading global organizations in the investment and securities field. Previously he served as Chief Operating Officer and Managing Director of Rockefeller & Co, a New York global asset management and financial advisory firm. He has also held a variety of senior management positions; including Managing Director and Chief Administrative Officer at SG Cowen Securities Corp. Mr. Sarns holds a MBA from University of Michigan and a BBA from Michigan State University.

"David and his family are original shareholders of our bank and have been staunch supporters of Bank of Ann Arbor and our community," said Timothy Marshall, President and CEO. "We are confident that David will be a great addition to our board and provide wonderful expertise in the Trust and Investment Management area which has been growing at a rate of 20% per year for the last several years. Our total assets under management are nearly $500 million."

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Stephen Seymour Promoted to Senior Vice President
7/07

Bank of Ann Arbor is pleased to announce the promotion of Stephen Seymour, CFA, to Senior Vice President and Senior Investment Officer.

"Steve has demonstrated a leadership role in developing, managing and promoting innovative investment strategies," said Timothy Marshall, President and CEO. "These initiatives have led to significant growth in assets under management for the Trust and Investment Management Group, averaging 20% for the past several years and total assets under management at nearly $500 million. Steve is a highly skilled investment officer who brings an impressive track record and an extremely high level of value-added service to our clients."

Steve has a twenty-six year record of success managing institutional assets and high net worth individual accounts. He was most recently the President and Chief Investment Officer of Cedar Capital Management, Ann Arbor, Michigan. The assets and personnel of Cedar Capital Management were merged into Bank of Ann Arbor in May, 2005. Prior to joining Cedar Capital Management, Mr. Seymour was responsible for the management of over $800 million in institutional assets at Manufacturers Bank, N.A. and subsequently Woodbridge Capital Management. Mr. Seymour is a Charter Financial Analyst and holds a M.B.A. from Vanderbilt University and a Bachelor's Degree from Michigan State University.

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Bank of Ann Arbor provides $600,000 venture debt to Pipex Pharmaceuticals, Inc., an Ann Arbor-based pharmaceutical company.
7/07

Bank of Ann Arbor's Technology Industry Group announced that it has provided $600,000 of debt financing to Pipex Pharmaceuticals, Inc, an Ann Arbor specialty pharmaceutical company developing innovative late-stage drug candidates for the treatment of neurologic and fibrotic diseases.

"Pipex Pharmaceuticals is an exciting recent addition to Ann Arbor's life science business community," said Michael Cole, Vice President, Technology Industry Group, Bank of Ann Arbor. "This transaction provides Pipex with strategic capital to invest locally to build-out its drug manufacturing capabilities."

"Through our Technology Industry Group, formed in 2002, Bank of Ann Arbor looks for strategic opportunities to invest in our region's 21st Century economy," said Timothy Marshall, President and CEO, Bank of Ann Arbor. "Working with Pipex to provide funding to expand its business will help an exciting growth-oriented company as well as increase the number of jobs in this community's life science industry."

Steve H. Kanzer, Chairman and CEO of Pipex Pharmaceuticals stated, "It has been a great experience working with the Bank of Ann Arbor to help facilitate our build-out and equipment needs for our new 15,000 square foot GMP pharmaceutical manufacturing facility located here in Ann Arbor. We believe that the large pool of highly experienced pharmaceutical talent combined with the attractive commercial real estate market makes Ann Arbor a very unique and highly desirable location to establish pharmaceutical manufacturing operations. Bank of Ann Arbor's local knowledge and presence made them the ideal partner for our expansion plans."

About Bank of Ann Arbor:
Bank of Ann Arbor is a locally owned and operated full service bank with total assets and assets under management of nearly $1.0 billion. Its Technology Industry Group serves the needs of the region's innovation-based business community by supporting technology and life sciences companies, angel investors and venture capital firms. For additional information please visit www.bankofannarbor.com.

About Pipex Pharmaceuticals:
Pipex Pharmaceuticals, Inc. ("Pipex") is a specialty pharmaceutical company that is developing proprietary, late-stage drug candidates for the treatment of neurologic and fibrotic diseases. Pipex's strategy is to exclusively in-license proprietary, clinical-stage drug candidates and complete the further clinical testing, manufacturing and regulatory requirements sufficient to seek marketing authorizations via the filing of New Drug Applications (NDAs) with the FDA in the U.S. and Marketing Application Authorizations (MAAs) with the European Medicines Evaluation Agency (EMEA). For further information, please visit, www.pipexpharma.com.

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Bank of Ann Arbor Partners With ClickVue to Educate Online
4/9/07

Bank of Ann Arbor has just added a fourth educational video on Health Savings Accounts from ClickVue to its web site. "Teaching Health Savings Account Principles" is the latest release from the Raleigh, North Carolina-based interactive video company.

"Video can be a compelling medium for communicating concepts, if it is done well," said Rhonda Foxworth, AVP & Marketing Officer, Bank of Ann Arbor. "ClickVue consistently creates professional quality videos with informative content. They do an excellent job at making complex topics clear and understandable. And at very fair price. With ClickVue, even community banks can now add interactive content to their web sites to keep people coming back."

"Everyone is watching video on the web these days," said Scott Hanson, President of ClickVue. "We're delighted Bank of Ann Arbor is using this technology to teach its customers information that can improve their financial lives."

ClickVue specializes in creating interactive educational videos for financial institutions. ClickVue has created highly successful interactive video campaigns for financial institutions ranging from Fortune 500 companies to neighborhood banks. ClickVue is based in Raleigh, North Carolina.

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Jacqueline Jenkins Joins Bank of Ann Arbor
4/1/07

Bank of Ann Arbor is pleased to announce that Pinckney resident, Jacqueline Jenkins has joined its Trust and Investment Management team as Portfolio & Business Development Officer.

Jacqueline has a broad range of experience in selling financial services. She holds series 6/63 securities licenses in addition to a life insurance license. Mostly recently she was employed by TCF National Bank in Brighton in sales management. With previous work experience as a Compliance Analyst and Auditor, Jacqueline is well-suited to manage retirement plan relationships including portfolio and client service issues. She will support Eric Helber, Vice President & Director of Business Development, in managing the bank’s growing portfolio of retirement plan clients. With the addition of Jacqueline, Bank of Ann Arbor can now provide clients with a team approach to meeting critical retirement needs.

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