Southern Michigan Bancorp (OTCMKTS:SOMC), Inc. is the bank holding company for The Bank of Marshall, a community-focused financial institution serving southern Michigan. Through its subsidiary, the company provides a full suite of banking services to individuals, families and businesses across residential and agricultural markets in Calhoun, Eaton, Jackson and Branch counties.
The company’s product offerings include checking, savings and money market accounts, certificates of deposit and individual retirement accounts. Lending services encompass residential mortgages, home equity lines of credit, commercial real estate financing, agricultural loans and business lines of credit. In addition, Southern Michigan Bancorp delivers cash management, merchant services, electronic banking and mobile banking solutions, as well as trust and wealth management support for high-net-worth clients.
Founded in 1984, Southern Michigan Bancorp traces its heritage to The Bank of Marshall, originally chartered in 1893. Over the decades, the company has expanded its footprint to include multiple branch offices in Marshall, Albion, Charlotte, Olivet and nearby communities. By combining modern banking technology with local decision-making, the company maintains a relationship-driven approach tailored to the needs of its regional customer base.
Governance is provided by a board of directors composed of local business, civic and agricultural leaders, supported by an executive team with extensive financial and operational expertise. Management emphasizes sound risk practices, customer service excellence and community investment, aligning its strategic priorities with ongoing economic development in southern Michigan.
