First Michigan Bancorp, Inc. Names New Board Member

Gary Collins joins Boards of Holding Company and Bank

Jun 15, 2010, 18:04 ET from First Michigan Bancorp, Inc.

TROY, Mich., June 15 /PRNewswire/ -- First Michigan Bancorp, Inc. announced today that Gary S. Collins, 52, has joined the boards of directors of First Michigan Bancorp, Inc. and its wholly-owned subsidiary, First Michigan Bank, effective immediately.

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Mr. Collins is Chairman and Chief Executive Officer of Lake Shore Wisconsin Corporation, a bank holding company headquartered in Sheboygan with offices in Wisconsin and the Chicago area.

"Gary's extensive experience with our target high net worth and business owner-operator market segments, coupled with his proven track record of building high growth banking organizations, will be invaluable to First Michigan's shareholders and management team as the Company pursues its relationship-based growth strategy," said David T. Provost, Chairman, President and CEO of First Michigan Bank.  "Gary also has intimate knowledge of the Michigan and Midwestern banking markets having served with me for many years on the board of The PrivateBank in Bloomfield Hills.

Mr. Collins has nearly 30 years of experience in the banking industry having held senior commercial lending and management leadership positions with Oak Park Trust and Savings (now JPMorgan Chase) and First Colonial Bankshares (now US Bank).  In 1989, he became a founding managing director of The PrivateBank and Trust Company, Chicago.  In 2001, he was named co-vice chairman and a member of The PrivateBank's board of directors.  During his tenure the Bank grew from a start-up to nearly $4 billion in assets with an annual compounded loan and core deposit growth in excess of 22%.  

A graduate in finance from DePaul University, Chicago and of the Graduate School of Banking, University of Wisconsin, Madison, Mr. Collins is active in a variety of civic and charitable efforts.   He serves on the board of directors of the Jane Adams Hull House Association, the Oak Park Development Corporation and the President's Council Advisory Board of the Loyola University Health System.

About First Michigan Bancorp

First Michigan Bancorp, Inc. is a bank holding company headquartered in Troy, Michigan. Its wholly owned subsidiary, First Michigan Bank is a locally-operated financial institution that provides highly personalized financial services to individuals, professionals and their businesses. With its recent acquisition of Citizen's First Bank, First Michigan has twenty three locations in southeast Michigan.  Long-term relationships are developed with clients by providing customized banking and investment solutions ideally suited to their evolving financial needs. Please visit our website at for additional information.

SOURCE First Michigan Bancorp, Inc.