2010 Press Releases
Additional Information: 2009
Wolverine Bank Achieves Highest Rating
May 2010: In these tough economic times, it is important to know there are financial institutions that are strong, secure, and ready and able to assist their communities. Wolverine Bank, Midland, Michigan is one such institution – dedicated to getting Main Street back on its feet. Since it exhibits overall financial superiority in such areas as: capital adequacy, delinquent loan levels and profitability, BAUERFINANCIAL, Inc., Coral Gables, Florida is proud to bestow its highest 5-Star Superior rating upon Wolverine Bank. In fact, this marks the 87th consecutive quarter that Wolverine Bank has earned this distinction. Only 1% of the nation’s banks can claim that.
“The unstable economic picture, both on Wall Street and on Main Street, makes it all the more important to recognize those financial institutions that are strong and stable,” remarks Karen L. Dorway, president of BAUERFINANCIAL. “The institutions that played by the rules and did not compromise their lending standards are the same institutions that stand ready to help build the economy back up. Wolverine Bank is an excellent example of this community spirit.”
Established in 1933, Wolverine Bank has been serving the banking needs of its neighbors and friends for 77 years. It operates through conveniently located offices in Midland and Frankenmuth, as well as servicing the Bay County area, and has loan offices in Saginaw and Lansing. Wolverine Bank can also be found on the internet at www.wolverinebank.com.
Wolverine Bank: Strength. Solutions. Trusted.
BAUERFINANCIAL, INC., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.
Bringing Experience to You
Kathryn Bills, Risk Mitigation Specialist
April 2010: Wolverine Bank has recently implemented a Risk Mitigation Specialist. Coleman resident, Kathryn Bills, comes to Wolverine with five years commercial underwriting experience. Majoring in financial planning, Bills is a graduate of Western Michigan University receiving her Bachelor’s degree in business administration. In her new position, Kathryn will be working to develop the best possible collection and work out strategies for both the borrower and the bank. By addressing the bank’s customer hardship and trouble debt restructuring requests she will also be responsible for controlling risk and exposure to Wolverine Bank.
Julie Louchart, Loan Processor/Closing Specialist
Julie Louchart has been hired as Loan Processing/Closing Specialist for Wolverine Bank. She brings 10 years of mortgage experience along with 5 years in the title industry. In addition to providing quality customer service, Louchart’s primary responsibility will be focusing on the processing of consumer, residential and commercial loans. Originally from St. Charles, Julie resides in Freeland where she is active in her community. She currently holds the position of President for the Christ Lutheran Ladies Society and serves as a Chairperson on the Professional Development Committee for the Saginaw Board of Realtors.
Wolverine Bank Welcomes Valerie Yatch to Saginaw Loan Office
| Valerie Yatch |
| Business Development Officer - Saginaw |
February 2010: Valerie Yatch of Saginaw has recently been hired as the new Business Development Officer for Wolverine Bank’s Saginaw Loan Office. She comes to Wolverine with over 15 years of banking experience, including positions as a loan counselor and branch manager. Her primary focus will be working with new and existing customers in the residential mortgage lending area.
Yatch, a graduate of Delta College earned an Associates degree in Business Administration and is currently working toward completion of her Bachelors degree through Eastern Michigan University.
A Bay City native, Valerie currently lives in Saginaw with her husband Jason and twin daughters Ava and Alexis. She is active in the girls’ school, St. Thomas Aquinas of Saginaw and is the Treasurer for Mothers of Multiples of Saginaw.
WOLVERINE BANK EXPANDS COMMERCIAL LENDING SERVICES INTO GREATER LANSING AREA
| Andrew Bellingar |
| Lansing Area Regional President |
February 2010: Andrew Bellingar has been hired as Lansing Area Regional President for Wolverine Bank. His primary focus will be helping new and existing customers achieve success through providing commercial loans and deposit products backed by the strength and expertise of one of the most financially stable banks in the country. Graduating with Honors, Bellingar received his Bachelor of Business Administration degree from Grand Valley State University. He also received his Master of Business Administration degree from the University of Florida, graduating with Highest Honors and is currently pursuing a Graduate Banking degree at the University of Pennsylvania.
This further expansion into the Greater Lansing Area by Wolverine Bank demonstrates its continued ability and eagerness to offer loan products such as investment and owner occupied real estate and SBA 504 financing. The bank offers a full range of deposit services for consumers and businesses, in addition to distinctive products such as HI POWER Checking, HI POWER Business Checking, and the Guaranteed Raise CD. Wolverine Bank has received a 5-Star rating from BauerFinancial for 86 consecutive quarters, making it one of most secure banks in the country.
For more information on the wide array of commercial loan and deposit products Wolverine Bank has to offer, Andrew Bellingar may be contacted by calling (517) 290-3504 or you can contact us at (800) 968-4280.
5-Star Wolverine Bank A Vital Part of the Community
February 2010: It is with great pride that Wolverine Bank, Midland, Michigan accepts its distinguished 5-Star Superior rating from BAUERFINANCIAL, Inc., Coral Gables, Florida. The 5-Star rating is based on the overall financial condition of the bank and indicates that, for strength and stability, Wolverine Bank is the perfect place to entrust your deposits. The 5-Star rating is the highest rating attainable from BAUERFINANCIAL (the Nation’s Bank Rating Firm for over a quarter of a century). Not only has Wolverine Bank earned a 5-Star rating, it has done so for 86 consecutive quarters. Only 1% of the nation’s banks can claim that distinction.
“Sheila Bair, Chairman of the FDIC, said recently that community banks are the lifeblood of our financial system, and that certainly is true,” comments Karen L. Dorway, president of BAUERFINANCIAL. “What she doesn’t say is that not all community banks, or all banks for that matter, are created equal. Wolverine Bank has passed BAUERFINANCIAL’s stringent stress test with flying colors. Not only is it a vital part of its community, it is a prime example of what all community banks should strive for.”
Established in 1933, Wolverine Bank has been serving the banking needs of its neighbors and friends for over 75 years. It operates through conveniently located offices in Midland and Frankenmuth, as well as loan offices in Saginaw and Lansing. Wolverine Bank can also be found on the internet at www.wolverinebank.com.
Wolverine Bank: “Strength. Solutions. Trusted.”
BAUERFINANCIAL, INC., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can it be eluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.
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