Daniel Terpsma Named Head of Commercial Banking For Standard Federal Bank in West Michigan

Executive Appointment Bolsters Already Strong Commercial Banking Team

As Standard Federal and Michigan National Prepare for Fall 2001 Merger



Apr 11, 2001, 01:00 ET from Standard Federal Bank and Michigan National

    TROY, Mich., April 11 /PRNewswire/ -- Standard Federal Bank has named
 Daniel Terpsma head of Commercial Banking for its West Michigan Region.  In
 this role, he will oversee all commercial lending activities for the bank in
 Grand Rapids and throughout West Michigan.
     Terpsma has more than 24 years of banking experience, most recently as
 Executive Vice President of Commercial Banking for Old Kent Financial
 Corporation.  In his new position, he will report directly to Executive Vice
 President Mark Hoppe, head of Commercial Banking for Standard Federal Bank in
 Michigan.  Terpsma's direct reports will include Tom Bieke, head of middle
 market lending in West Michigan; Lansing Division Manager Stan Starnes;
 Kalamazoo Division Manager Joseph McCorkle; and John Collins, head of
 Agricultural Lending.
     "We are very excited to have someone with Dan's experience and knowledge
 leading our West Michigan Commercial Banking team," said Mark Hoppe.  "In West
 Michigan, the name Dan Terpsma has meant business banking for more than two
 decades.  This appointment reflects Standard Federal's commitment to West
 Michigan."
     "This is a great time to be joining Standard Federal Bank," Terpsma said.
 "Michigan National is uniting with Standard Federal Bank to bring area
 businesses a new level of products and services.*  In addition, as a member of
 the ABN AMRO Group, we can offer our clients an expanded range of global
 resources, a higher degree of responsiveness and efficiency, and a larger more
 experienced banking team."
     Terpsma earned a bachelor's degree from Grand Valley State University in
 1978 and an MBA from Western Michigan University in 1983.  He began his
 banking career at Old Kent in 1979 as a commercial loan officer, and went on
 to hold positions of increasing responsibility, including vice president and
 manager of corporate banking, and president of Old Kent Bank - East.  He
 serves on the boards of directors of both Riviera Tool & Die in Grand Rapids
 and Metal Flow Corporation in Holland.
 
     About Standard Federal Bank
     Standard Federal Bank, a subsidiary of ABN AMRO North America, Inc., is
 Michigan's leading home mortgage lender and largest savings bank with
 $20.5 billion in assets and $12.3 billion in deposits.  Headquartered in Troy,
 Michigan, Standard Federal offers a complete range of retail and commercial
 banking products through 179 banking centers, 13 home lending centers and 950
 ATMs in Michigan, Indiana and Ohio.  ABN AMRO Mortgage Group, Inc., a wholly
 owned subsidiary of Standard Federal, is the nation's sixth-leading originator
 and tenth-leading servicer of home mortgage loans.  Standard Federal is
 located on the World Wide Web at www.standardfederalbank.com .
 
     About Michigan National
     Michigan National, a subsidiary of ABN AMRO North America, Inc., provides
 diversified financial services and offers creative ideas and product options
 designed to help consumers and businesses meet their financial goals.
 Headquartered in Farmington Hills, Michigan, Michigan National has assets of
 $12 billion and operates through a network of 182 financial centers, 338 ATMs
 and a full-service call center.  Michigan National is located on the World
 Wide Web at www.michigannational.com .
 
     *Standard Federal and Michigan National are scheduled to merge operations
 in the fall of 2001.  After the merger, the combined entity will operate as a
 full-service commercial bank under the name Standard Federal Bank, a wholly
 owned subsidiary of ABN AMRO North America, Inc.  The combined company will be
 Michigan's second-largest bank as ranked by assets.
 
 

SOURCE Standard Federal Bank and Michigan National
    TROY, Mich., April 11 /PRNewswire/ -- Standard Federal Bank has named
 Daniel Terpsma head of Commercial Banking for its West Michigan Region.  In
 this role, he will oversee all commercial lending activities for the bank in
 Grand Rapids and throughout West Michigan.
     Terpsma has more than 24 years of banking experience, most recently as
 Executive Vice President of Commercial Banking for Old Kent Financial
 Corporation.  In his new position, he will report directly to Executive Vice
 President Mark Hoppe, head of Commercial Banking for Standard Federal Bank in
 Michigan.  Terpsma's direct reports will include Tom Bieke, head of middle
 market lending in West Michigan; Lansing Division Manager Stan Starnes;
 Kalamazoo Division Manager Joseph McCorkle; and John Collins, head of
 Agricultural Lending.
     "We are very excited to have someone with Dan's experience and knowledge
 leading our West Michigan Commercial Banking team," said Mark Hoppe.  "In West
 Michigan, the name Dan Terpsma has meant business banking for more than two
 decades.  This appointment reflects Standard Federal's commitment to West
 Michigan."
     "This is a great time to be joining Standard Federal Bank," Terpsma said.
 "Michigan National is uniting with Standard Federal Bank to bring area
 businesses a new level of products and services.*  In addition, as a member of
 the ABN AMRO Group, we can offer our clients an expanded range of global
 resources, a higher degree of responsiveness and efficiency, and a larger more
 experienced banking team."
     Terpsma earned a bachelor's degree from Grand Valley State University in
 1978 and an MBA from Western Michigan University in 1983.  He began his
 banking career at Old Kent in 1979 as a commercial loan officer, and went on
 to hold positions of increasing responsibility, including vice president and
 manager of corporate banking, and president of Old Kent Bank - East.  He
 serves on the boards of directors of both Riviera Tool & Die in Grand Rapids
 and Metal Flow Corporation in Holland.
 
     About Standard Federal Bank
     Standard Federal Bank, a subsidiary of ABN AMRO North America, Inc., is
 Michigan's leading home mortgage lender and largest savings bank with
 $20.5 billion in assets and $12.3 billion in deposits.  Headquartered in Troy,
 Michigan, Standard Federal offers a complete range of retail and commercial
 banking products through 179 banking centers, 13 home lending centers and 950
 ATMs in Michigan, Indiana and Ohio.  ABN AMRO Mortgage Group, Inc., a wholly
 owned subsidiary of Standard Federal, is the nation's sixth-leading originator
 and tenth-leading servicer of home mortgage loans.  Standard Federal is
 located on the World Wide Web at www.standardfederalbank.com .
 
     About Michigan National
     Michigan National, a subsidiary of ABN AMRO North America, Inc., provides
 diversified financial services and offers creative ideas and product options
 designed to help consumers and businesses meet their financial goals.
 Headquartered in Farmington Hills, Michigan, Michigan National has assets of
 $12 billion and operates through a network of 182 financial centers, 338 ATMs
 and a full-service call center.  Michigan National is located on the World
 Wide Web at www.michigannational.com .
 
     *Standard Federal and Michigan National are scheduled to merge operations
 in the fall of 2001.  After the merger, the combined entity will operate as a
 full-service commercial bank under the name Standard Federal Bank, a wholly
 owned subsidiary of ABN AMRO North America, Inc.  The combined company will be
 Michigan's second-largest bank as ranked by assets.
 
 SOURCE  Standard Federal Bank and Michigan National

RELATED LINKS

http://www.michigannational.com