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Southern Michigan Bancorp, Inc. (SOMC)

Other OTC - Other OTC Delayed price. Currency in USD
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16.800.00 (0.00%)
At close: 11:00AM EDT

Southern Michigan Bancorp, Inc.

51 West Pearl Street
Coldwater, MI 49036
United States
517 279 5500

Sector(s)Financial Services
IndustryBanks - Regional
Full-time employees

Key executives

NameTitlePayExercisedYear born
Ms. Danice L. ChartrandSenior VP, Accounting Director & Secretary173.97kN/A1967
Mr. John R. WaldronPresident, CEO & DirectorN/AN/AN/A
Mr. Kevin A. TwardySenior VP, CFO & TreasurerN/AN/A1967
Mr. Eric M. AnglinExecutive VP, COO & Chief Strategy OfficerN/AN/AN/A
Mr. Aaron L. LewisExecutive VP & Chief Credit OfficerN/AN/AN/A
Mr. Nicholas M. GrabowskiExecutive VP & Chief Lending OfficerN/AN/AN/A
Amounts are as of 31 December 2012, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.


Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs. The company also provides home mortgages and equity loans, home equity lines of credit, VA and FHA home loans, USDA rural development loans, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods. In addition, it offers trust and investment services that include investment management, trustee, IRA rollovers and retirement plan, institutional and personal custody, estate settlement, wealth management, estate and wealth transfer planning assistance, charitable gift planning assistance, and cash management custody services; and safe deposit box and automated teller machine services. Further, the company provides bill pay, e-statements, ACH, wire transfer, remote deposit capture, and insurance services, as well as ATM, debit, credit, and gift cards. The company was founded in 1871 and is based in Coldwater, Michigan.

Corporate governance

Southern Michigan Bancorp, Inc.’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.