2006 News Room Archive
- Bank Opens Branch (PDF)
- The Milan News-Leader
- What's Brewing (PDF)
- The Chelsea Standard/The Dexter Leader
- Bank of Ann Arbor is celebrating 10 years of serving the community, solid growth continues to maintain market strength (PDF)
- Michigan Banker Magazine
New State of the Art Banking Center Opens on Ellsworth
11/13/06
Bank of Ann Arbor is delivering the message that its new banking center is now open in a tasty way.
Teams of Bank of Ann Arbor employees have been delivering Bakers SquareT apple pies and paper airplanes to area
businesses. Nearly 300 businesses are targeted to receive word of the new office on Ellsworth Boulevard and Airport
Road over the next two weeks. The paper airplanes are a visual reminder of the office's location which is directly
across from the Ann Arbor airport.
"We are excited to bring the personal service that Bank of Ann Arbor known for to businesses and individuals in southeast
Ann Arbor," said Timothy Marshall, President and CEO of Bank of Ann Arbor. "This banking center reflects the trend toward
personalizing the experience that many banks seek to capture. The old-time branch with teller cages and dark paneling is
being replaced with light open environments that invite people to linger and ask questions. Our new office on Ellsworth
reflects this trend with its modern yet warm design."
The Ellsworth office features a cyber café with three brews of Bearclaw Coffee, high speed wireless Internet and a
financial learning lounge. Another special feature is a community room that is available for use by area nonprofits.
The hours are Monday through Thursday, 9:00am to 5:00pm, drive up open until 6:00pm, Friday 9:00am to 6:00pm and
Saturday 9:00am to Noon. The phone number is 734-669-8900.
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Bank of Ann Arbor Partners with Bearclaw Coffee Co. in New Branch Office
10/23/2006
Bank of Ann Arbor has selected Bearclaw Coffee Company to provide coffee service in their new banking center on West
Ellsworth at Airport Road in Ann Arbor. The new office will feature a cyber café with three brews of Bearclaw Coffee,
high speed Internet stations and a financial learning lounge. It is slated to open on October 30, 2006.
"Banking is focused on the customer experience these days," said Timothy Marshall, President and CEO of Bank of Ann
Arbor. "By partnering with Bearclaw Coffee to offer top quality coffees, we are seeking to create a distinctive
experience with Bank of Ann Arbor."
"The Bearclaw Coffee Co.® is very pleased to provide a premium specialty coffee for Bank of Ann Arbor's cutting-edge
location," said Debi Scroggins®, President, The Bearclaw Coffee Co. "This location will expand our customer base for
the historic Tuomy Hills Bearclaw, at the corner of Washtenaw and Stadium, operated by Don and Dianne Wright."
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Bank of Ann Arbor Clients Awarded $20 Million to Create Over 700 Jobs in Washtenaw County
10/2/2006
Over 60% of Governor Granholm's 21st Century Jobs Fund Initiative award winners for cutting-edge commercial technology
in Washtenaw County are clients of Bank of Ann Arbor.
"Our clients were awarded $20 million, which amounts to approximately 20% of the total money awarded by the state. The
Bank of Ann Arbor clients will use these awards to create over 700 jobs in our community," remarked Michael Cole, Vice
President of the Technology Industry Group at Bank of Ann Arbor. "Nearly half of the winning technology and life science
businesses in the whole state are based in Washtenaw County," commented Cole. "This reflects how Washtenaw County has
established itself as Michigan's epicenter for technology business."
"Bank of Ann Arbor is uniquely qualified to support growing technology firms," stated Timothy Marshall, President and
CEO of Bank of Ann Arbor. "Through our five-year financial commitment to Ann Arbor SPARK as a founding member and
the on-going support provided to many technology organizations throughout southeast Michigan, we are committed to the
continued growth and development of the high-tech industry."
The 21st Century Jobs Fund is a $2 billion, ten-year initiative approved by the Michigan Legislature and administered
by the Michigan Economic Development Corporation (MEDC) to accelerate diversification of Michigan's economy. Winners
were selected for their innovative plans to create 21st century jobs in Michigan's emerging technology fields.
Approximately $800 million of the $2 billion award is devoted to the commercialization of competitive-edge technologies
in the targeted sectors of life sciences, alternative energy, advanced automotive materials and manufacturing, and
homeland security/defense.
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Fifth Grade Class Receives Gift from Bank of Ann Arbor
6/16/2006
On Friday, June 16, 2006, Timothy Marshall, President and CEO of Bank of Ann Arbor presented a giant fiberglass
Pigskin (i.e.football) to the fifth graders of Burns Park Elementary in Ann Arbor.
At that time, Bank of Ann Arbor decided to help support the Ann Arbor Super City celebration of Super Bowl XL by
participating in the Pigskins on Parade project. The Bank contributed $3,000 to sponsor one of the 12 pigskins.
Proceeds benefited the Arts Endowment of the Ann Arbor Community Foundation.
"The Bank had to choose an Artist to do our Pigskin," said Marshall. "Our choices were professional artists, art
students at the University of Michigan, or Burns Park 4th & 5th grade art classes."
"With these choices it was an easy decision. Our choice of "Pigskin Dreams" was made because as the local community
bank, we wanted to be sure our Pigskin had a local presence, promoting a local spirit, and creating a broader interest
in the community. Burns Park Elementary certainly more than fulfilled those goals."
Following the unveiling in January, the Ann Arbor News held a contest, concluding in February prior to the Super Bowl,
for the Peoples Choice Award for the most noted Pigskin. The Burns Park "Pigskin Dreams" won the Peoples Choice Award.
In April and May, the Bank hosted the Burns Park students at their main office as a way to say thanks for a job well
done. Students were introduced to what goes on at a bank and asked good questions, i.e. "Mr. Marshall what qualifies
you to be President of the Bank? Has the Bank ever been robbed? And what happens if I don't pay back money I borrow?"
In early June, the Bank agreed to purchase the Pigskin for permanent display at Burns Park Elementary School. "Again,
we felt the only decision was to spend the additional $2,000 and return the football to its rightful owner,"
said Marshall. "The combination of community art, a community bank and children of our community made for a winning
team. Bank of Ann Arbor was pleased to help make it all happen."
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Bank of Ann Arbor Wins Award for Marketing Campaign
5/19/2006
Rhonda Foxworth, Assistant Vice President and Marketing Officer, announced that Bank of Ann Arbor won "Best Campaign" for its Helps integrated marketing campaign in the Michigan Bankers Association (MBA) First Annual Marketing Awards
on May 5, 2006 in Traverse City. The awards competition was held as part of the MBA Marketing Conference.
Winners were selected from banks all across Michigan in six categories: annual report, campaign, billboard, direct
mail, newspaper, and advertising specialty.
Perich Advertising + Design of Ann Arbor created the theme and campaign "Bank of Ann Arbor Helps."
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Bank of Ann Arbor helps kids learn to save
4/24/2006
Bank of Ann Arbor is partnering with the Ann Arbor Hands-On Museum and Washtenaw Dairy to give children lessons
in saving and managing money as part of the National Teach Children to Save Day, a financial program sponsored by
the American Bankers Association Education Foundation.
From 3:00 p.m. until 4:30 p.m. on Monday, April 24 at the downtown Ann Arbor office on Fifth Avenue and on Wednesday,
April 26 at the Stadium and Liberty office bank employees and educators from the Hands On Museum staff will teach
children to be smart with money and offer insights into how a bank works. Everyone will walk away with a goodie
bag that includes a coupons for free treats from Dairy Queen and Subway.
"Bank of Ann Arbor is pleased to be participating in this national effort to educate our youth in financial concepts,"
said Timothy Marshall, President and CEO of Bank of Ann Arbor. "For many kids, the only thing they know about money is
how to spend it. That's not surprising when you realize that Americans are estimated to spend $1.22 for every $1 they
earn. We will be helping kids learn to save and resisting the urge to spend, spend, spend."
Since Teach Children to Save Day began in 1997, thousands of bankers have taught money skills to more than 1 million
children and young adults.
Bank of Ann Arbor offers the following tips to help parents make every day "Savings Day."
- Help kids open up their own savings accounts at a local bank and make deposits regularly. Most all banks offer accounts with low balance requirements and no monthly fees for those under the age of 18.
- Make going to the bank fun! Banks often have treats and friendly staff to make a bank visit pleasant.
- Review your child's bank statement as soon as it comes. Point out the "free money" they are gaining as interest on their deposits. Watch how their money is growing.
- Discuss the difference between wants and needs. Use this when budgeting for a family outing or purchase.
- Give your kids positive feedback. As they get older, give them responsibility for how they spend their money.
New Bank of Ann Arbor ad campaign uses four-letter word repeatedly.
3/21/2006
In the Bank of Ann Arbor's new ad campaign, launching March 20, you won't find stoic, numbers-dominated ads for the 10-year old institution. Instead, the bank is using a handwritten style to express its "Help" theme.
The campaign kicked off a few weeks ago with an intriguing "teaser" billboard on southbound Main Street, near M-14. All it said was "Help," without any sponsor or affiliation. A week later, it said "Help is just around the corner," again without disclosing the advertiser. The final reveal will take place on March 20 to coincide with the official launch of the new campaign which also includes outdoor, mobile outdoor, newspaper, on-line and radio.
Perich Advertising + Design created the campaign, and the theme "Bank of Ann Arbor helps." to reflect the bank's approachable and altruistic attitude.
"The key word is help," says Ernie Perich, President and Creative Director. "Help is what the bank's customers want. Help is what their customers need. Help is what the bank can give with every transaction, at every point of contact, and every time a customer walk in their door or meets with their staff."
The campaign is flexible, too, allowing the bank to communicate its diverse range of products and services simply and effectively, says Perich. The entire campaign is made up of handwritten addendums to the phrase "Bank of Ann Arbor helps." with themes ranging from the bank's community and charitable involvement to its investment services.
About Perich Advertising + Design Perich Advertising + Design is an advertising and design agency in Ann Arbor, Michigan. Founded in 1987, their client roster includes GMAC, General Motors, Mitsubishi Electric, Dell Computer, Pinnacle Golf, Plante & Moran, Kelly Services and Grand Hotel. www.perich.com
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Eric Helber Joins Bank of Ann Arbor
2/20/2006
Timothy G. Marshall, President and CEO of Bank of Ann Arbor announced that Eric P. Helber has joined Bank of Ann Arbor as Vice President and Director of Business Development for its Trust and Investment Management team.
Helber, a lifetime Ann Arbor resident, will be responsible for connecting businesses and individuals with the retirement products and services Bank of Ann Arbor offers. Helber has many years of experience consulting with area companies and individuals on retirement plans, IRA rollover accounts and long-term financial planning. He was most recently with Fidelity Investments.
"The addition of Eric Helber strengthens our Trust and Investment Management Group and provides us with a wonderful opportunity to further expand on the substantial growth rates we have achieved the past several years in this area," said Marshall. "Area businesses will benefit from Eric's experience and professional knowledge in the formation of employee retirement plans as well as effectively managing existing plans that might not be getting the expected level of advice and attention from the current plan manager."
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Patrick Tamblyn Succeeds Barbara Furman at the Ypsilanti Office of Bank of Ann Arbor
2/6/2006
Timothy G. Marshall, President and CEO of Bank of Ann Arbor announced the appointment of Patrick Tamblyn as Ypsilanti District President. Tamblyn succeeds Barbara Furman who will be retiring in early March 2006.
Tamblyn comes to Bank of Ann Arbor from an Ohio based national banking organization with offices in Ann Arbor, where he was Senior Vice President, Commercial Banking. Prior to that, he spent many years in commercial banking in Ann Arbor with another large, out of town based institution. "Pat is very active in community affairs and will be an excellent representative for Bank of Ann Arbor in the Ypsilanti market," said Mr. Marshall. "He is a seasoned and experienced banker who will be continuing the excellent work Barb Furman has started in Ypsilanti. Pat's father was a bank president in the Hillsdale area and this position allows him to return to his roots of working with a locally owned and locally based financial institution such as the Bank of Ann Arbor."
Barbara Furman will be retiring from a banking career that has spanned over 30 years. Barb joined the Bank of Ann Arbor in late 1998 and has been responsible for attracting many of the important depository and borrowing relationships currently enjoyed by Bank of Ann Arbor. Four years ago she took on the assignment of opening the Ypsilanti office. "Barb and her wonderful team have done a superb job in serving that market and making Bank of Ann Arbor a key factor in the growth of Ypsilanti," said Larry Grace, First Vice President, Commercial Banking. "She has spent countless hours involved in community affairs and is the highly visible and respected representative of Bank of Ann Arbor in Ypsilanti."
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Bank of Ann Arbor Celebrates 10 Years of Serving the Community
1/16/2006
Ten years ago, local business professionals and community leaders came together to raise $6 million in capital to form Arbor Bancorp. On January 16, 1996 Bank of Ann Arbor opened with fifteen employees, one location and one mission-to serve the people and businesses of the greater Ann Arbor area.
Today Bank of Ann Arbor has total assets exceeding $450 million, five locations and employs nearly 100 in the Ann Arbor area and 15 in its Wholesale Lending division based in Madison Heights.
"All the reasons our locally owned and managed bank was formed ten years ago are still evident today. The Ann Arbor area is filled with out-of-town and out-of-state banks, the interests of which aren't always in sync with those of Ann Arbor and Washtenaw County. At Bank of Ann Arbor, we always have the best interests of the area's people and businesses in mind", said Timothy G. Marshall, President and CEO of Bank of Ann Arbor. "As a result, Bank of Ann Arbor has been able to grow and prosper steadily since 1996. Our growth has enabled us to provide a wide array of banking, trust, and investment services to area businesses, community residents, and governmental units. Our success has also enabled us to give generously to over 200 local, not-for-profit organizations on an annual basis."
Mr. Marshall announced a celebration is to be held in each of its banking centers on Friday, January 20 from 9:00am to 4:00pm. The public is welcome to come for cake and to learn more about Bank of Ann Arbor.
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Internet2 Selects Bank of Ann Arbor for New Health Savings Accounts
1/16/2006
Bank of Ann Arbor announced today that Internet2, the foremost U.S. advanced networking consortium led by the research and higher education community, has selected Bank of Ann Arbor to provide Health Savings Accounts for its employees adding to its already broad portfolio of benefits.
A Health Savings Account (HSA) is a bank account that is paired with a High Deductible Health Plan (HDHP). A HDHP plan, available from an insurance professional, typically has significantly lower monthly premiums than most traditional health plans. These plans require annual deductibles of at least $1,050 for single coverage or $2,100 for families. HSA's also provide participating employees an additional savings opportunity as individuals can save the money not spent on healthcare expenses, transfer their health saving accounts to another job, as well as earn interest tax free on their accounts over time.
"Internet2 has initiated the Health Savings Account program as part of our ongoing commitment to offer alternative benefits for our employees as well as to encourage health spending awareness," said John Kennedy, Internet2 Vice President for Operations. "Bank of Ann Arbor has remained a dedicated partner over the past six years in the growth of our business, and our selection of their HSA program demonstrates our continued confidence in their service offerings."
Bank of Ann Arbor has identified HSA's as an emerging product that employers will be turning to in order to reduce health care expenses. Some analysts predict that over 70% of employers will offer a HSA + HDHP program as part of their benefit mix in the next two years. "As a local provider of the HSA component, Bank of Ann Arbor can provide service and support for area organizations like Internet2 that cannot be matched by regional providers," said Dennis Ticknor, Bank of Ann Arbor's HSA Specialist. "Deposits with Bank of Ann Arbor stay in the community and are used to provide financing for individual and business needs right here in this community. This is truly a unique commitment that can be made by Bank of Ann Arbor."
Bank of Ann Arbor is taking a full service approach to its HSA product. Through a strategic partnership with HSA Solutions of Warsaw, Indiana, Bank of Ann Arbor will provide education, administrative support and tax reporting for the program. Bank of Ann Arbor's staff will educate employees and handle account enrollments at a business' location.
Led by more than 220 U.S. universities, working with industry and government, Internet2 develops and deploys advanced network applications and technologies for research and higher education, accelerating the creation of tomorrow's Internet. Internet2 recreates the partnerships among academia, industry, and government that helped foster today's Internet in its infancy. For more information about Internet2, visit: http://www.internet2.edu/.
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Bank of Ann Arbor Money Managers Ranked #1 & 2
1/12/2006
Tom Kallewaard , First Vice President, Trust and Investment Management announced that Bank of Ann Arbor's money managers earned top rankings from Money Manager Review.
Bank of Ann Arbor's Global Total Return strategy was ranked first among all global allocation providers with a one-year return of 31.84% for the period ending September 30, 2005. The bank's Small/Mid Cap Leaders strategy was ranked second nationally with a one-year return of 33.53% in the same period.
"Our managers are ranked by Money Manager Review on a national scale," said Mr. Kallewaard. "The strong growth in our trust and investment department reflects the skill and experience of our team and the continued desire for clients to have local access without sacrificing performance." Since 1987, Money Manager Review (MMR) has tracked, ranked and analyzed the performance of private money managers. Investors and professionals use MMR to locate, research, compare, and contact any of 800+ managers offering 1300+ products. MMR is published and mailed to subscribers worldwide quarterly and is available online at ManagerReview.com.
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