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OFIR Active State-Chartered Savings Banks
   
 

Michigan's Savings Bank Act provides for the organization and operation of Michigan state-chartered savings banks. Savings banks are not subject to the provisions of Michigan's Business Corporation Act as they are banking corporations organized under the Savings Bank Act, not general corporations or limited liability companies. Savings banks may either be mutual in form or owned by shareholders. By statute, savings banks are required to meet an asset test that requires a specified level of their assets be in mortgage related loans and investments. For purposes of this listing the savings banks are all state-chartered and currently operating. State banks, national banks, federal savings banks, and federal savings and loan associations are not listed.

Due to the small number of records, a Search Criteria page is not provided for Active State-Chartered Savings Banks.

   
 
December 21, 2010
   
 
Bank Name
Effective Date
Northwestern Bank
625 South Garfield Avenue
Traverse City, MI 49686-3475
12/01/1996
Sturgis Bank & Trust Company
125 East Chicago Road
Sturgis, MI 49091-1754
03/01/1999
 
   
 
 
   
 
 
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