Southern Michigan Bancorp, Inc. Announces the Appointment of Andrew Mercer to its Board of Directors
December 08, 2022 at 02:52 pm EST
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Southern Michigan Bancorp, Inc. announced the appointment of Andrew Andy Mercer to its Board of Directors. Mr. Mercer is the third generation owner and president of R.W. Mercer Co., a distribution, construction, and service company headquartered in Jackson, Michigan. With six locations in Michigan and one in Indiana, the company markets in three distinct areas: petroleum equipment sales, installation and service; general contracting; and electrical contracting.
In addition to his role with the company, Mercer serves as a trustee for ABC Michigan Worker's Compensation Fund, as well as a board member of the Michigan Petroleum Association, WDP Charities in Marshall, and the Gilbarco Veeder-Root North American Distributor Advisory Council.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust (The Bank). The Bank operates about 18 branches within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph counties, providing a range of consumer, business, and wealth management services throughout the region. Its business, which it conducts primarily through the Bank, is concentrated in a single industry segment, commercial banking. The Bank offers a variety of deposit, payment, credit, and other financial services to all types of customers. The Bankâs commercial lending covers categories, such as business, industrial, agricultural, construction, inventory, and real estate. It offers trust and investment services, which include investment management, trustee services, and others. It also owns Southern Michigan Bancorp Capital Trust I, SMB Risk Management, Inc., and 27 Marshall Street, LLC. The Bank wholly owns SMB Financial Services, Inc.