Michigan-based Bank of Ann Arbor has opened a new branch in Birmingham.
The branch includes a new Asset Based Lending Group and also houses retail banking and commercial lending. The bank was acquired from Nicolet National Bank and was formerly part of mBank.
“We are excited to join the very successful team at Bank of Ann Arbor who have built a welcoming culture for its clients, employees and community,” said Ed Lewan, president of asset- based lending at Bank of Ann Arbor. “Asset-based lending offers another banking solution for organizations with special circumstances. Our team works directly with the client to assess their needs and find a solution.”
Lewan has more than 35 years of banking experience, most in asset-based lending. “Bank of Ann Arbor welcomes Ed and his team, who have had great success with their asset-based lending customers over the years,” said Tim Marshall, president and CEO at the $3.3 billion Bank of Ann Arbor. “We are grateful to add an exceptionally talented team and a product line that can be leveraged across the bank platform.”