ANN ARBOR, MICHIGAN, May 27, 2010– Bank of Ann Arbor is pleased to announce that it’s free summer concert series, Sonic Lunch, kicks off Thursday, June 3, 2010.

Bank of Ann Arbor’s Sonic Lunch happens every Thursday from 11:30am to 1:30pm from June 3 to August 26, 2010 (except Art Fair) in Liberty Plaza, at the corner of Division and Liberty in downtown Ann Arbor.  It’s a free lunchtime music concert series for everyone that makes downtown the coolest place to be this summer.

“The long term success of Bank of Ann Arbor is based on the over all vibrancy of Ann Arbor,” said Tim Marshall, President & CEO. “We believe that supporting the local arts and culture adds to the vibrancy of this community. The Bank of Ann Arbor Sonic Lunch makes downtown Ann Arbor a cooler place to be on Thursdays over lunch and also supports many locally-based bands who appreciate the opportunity to play in an outdoor park setting. It is fun to see the diversity of the crowds with the little children holding balloons and dancing to the music, moms getting an afternoon out with kids in strollers, many fans sitting in lawn chairs as close to the band as possible, and the large amount of business professionals enjoying a wonderful lunch hour of music.”

This year’s band line-up features both local and national favorites:

June 3, 2010            The Macpodz

June 10, 2010          Stephen Kellogg & The Sixers

June 17, 2010          Enter the Haggis

June 24, 2010          Daisy May Erlewine & Seth Bernard

July 1, 2010             Theo Katzman

July 8, 2010             Jill Jack

July 15, 2010           Jamie Register & The Glendales

July 22, 2010           Art Fair – no Sonic Lunch

July 29, 2010           The Ragbirds

August 5, 2010        Laith Al-Saadi

August 12, 2010      My Dear Disco

August 19, 2010      Greensky Bluegrass

August 26, 2010      Baskery

New this year will be box lunches sold on-site by area Sonic Lunch restaurant partners. Each week a different restaurant will be offering their version of a Sonic Lunch so concert goers don’t have to miss any music to get lunch. Prices will range from $5-8.  Current Sonic Lunch partners are Le Dog, Blue Nile, Sabor Latino, Argiero’s, Café Felix and Conor O’Neills.  More to be added so check www.soniclunch.com often.

Visit www.soniclunch.com for the latest Sonic Lunch news and announcements. Follow Sonic Lunch on Facebook, Twitter and MySpace at www.facebook.com/soniclunch, www.twitter.com/soniclunch, and www.myspace.com/soniclunch.

Bank of Ann Arbor serves up Sonic Lunch with support from Ann Arbor’s 107one and Perich + Partners.

About the Sonic Lunch sponsors

Bank of Ann Arbor is a locally owned and operated bank with total assets and assets under management of over $1.2 billion, serving people and businesses in Ann Arbor, Ypsilanti, Plymouth and throughout Washtenaw County.  www.boaa.com

Ann Arbor’s 107one—Quality Music from Then and Now. www.annarbors107one.com

Perich Advertising + Design is located in Ann Arbor, Michigan. Founded in 1987, the Perich client roster also includes: Plante & Moran, Mitsubishi Electric, General Motors Fleet & Commercial Operations, General Motors Alternative Fuels Division, General Motors Medium Duty Trucks, Heartland Home Health Care & Hospice, Grand Hotel, Walsh College and the Detroit Institute of Arts. www.perich.com

Kim Clugston, Vice President and Senior Mortgage Loan Officer at Bank of Ann Arbor, helps a consumer understand her options for refinancing an underwater mortgage. Read the full article on the Oliver Financial Planning blog.

We love this positive news story from Concentrate on Bank of Ann Arbor's expansion plans. We doubled the number of employees from one year ago and expanded into Wayne County with the acquisition of a New Liberty Bank in Plymouth last week. Read the full article from Concentrate.

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.