First State Bank Expanding Presence in Macomb County; Opening Loan Center
(St. Clair Shores, Mich.) April 26, 2011 – First State Bank is furthering its commitment to local small businesses with the opening of a new loan center in Sterling Heights at 16 Mile and Mound Road.
The new loan center will provide a more centralized location for small business customers in both Macomb and Oakland counties. The bank plans to have a staff of over 20 employees at the location, including both commercial lenders and mortgage loan originators and the Business Development staff.
The Center’s opening follows quickly on the heels of the announcement that First State Bank is now an SBA Preferred Lender. With the new SBA Preferred Lender status, the bank can now offer a streamlined paperwork process to small business owners who apply for an SBA loan.
“First State Bank is pleased to be expanding its services and local presence in Macomb County,” said Eugene G. Lovell, CPA, President and CEO. “The local banking community has been battered in recent years. We are proud to have weathered the storm – neither requiring, or accepting any assistance under the government’s Troubled Asset Relief Program (TARP). We are honored that we are able to continue to evolve our commercial lending services to deliver what our local business customers want and need.”
First State Bank will continue to maintain current staff at its headquarters in St. Clair Shores. In addition to its branch-based lending services, the bank offers mortgage, home equity loan, and credit card application services online at www.thefsb.com.
First State Bank is headquartered in St. Clair Shores, Michigan. With over 93 years of service and $585 million in assets, First State Bank serves Macomb County with 11 branch offices located in Chesterfield Township, Clinton Township, Eastpointe, Macomb Township, Richmond, St. Clair Shores, Sterling Heights, and Washington Township. For more information, please visit www.thefsb.com or call 866-372-1275.