While banks and bankers may not be the public's favorite folks in our age of controversial bail outs and investment instruments, The Bank of Ann Arbor is proving that a local institution can sometimes outperform a multi-national corporation.
Excerpt:
"In 2007, before the recession hit, the Bank of Ann Arbor was sixth in deposit market share with 8.04 percent in the city, with deposits of $329.8 million, according to the Federal Deposit Insurance Corp. KeyBank was No. 1 at 16.45 percent with deposits of $675.1 million.
As of June 30, 2013, the latest date for which data are available on the FDIC website, Chase was No. 1 at 17.3 percent with deposits of $901.6 million, while the Bank of Ann Arbor had climbed into second place at 12.38 percent and deposits of $646.2 million. "
Read the rest
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.