Bank of Ann Arbor News & Press Releases

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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