TROY, Mich., June 2 /PRNewswire/ -- First Michigan Bank announced today that Thomas C. Shafer has been named Executive Managing Director, Commercial Banking, effective immediately.
David T. Provost, chairman, president and CEO of First Michigan Bank, said, "The economic downturn creates an opportunity for First Michigan to provide much-needed services to our community. First Michigan Bank is one of the best-capitalized banks in America. So we are committing substantial resources to develop a first-class commercial lending presence. Tom Shafer is the right person to lead that charge."
Shafer has been employed by Citizens Republic Bancorp since 1994. He held the position of Executive Vice President, Specialty Banking; Executive Vice President, Regional Banking; Regional President, East Michigan; President, Southeast Michigan; and Executive Vice President, Commercial Banking and Chief Credit Officer. He also worked at Michigan National Bank in various commercial assignments.
"Tom is arguably the best lender in the state," Provost said. "He really knows how to put great commercial banking teams together that work for the mutual benefit of the customer and the bank. We are very pleased to have him on the First Michigan Bank team."
Shafer is a graduate of Hillsdale College. He also attended the Graduate School of Banking at the University of Wisconsin. He is active on the Detroit Regional Chamber Board and the Metropolitan Affairs Coalition and is a member of the Executive Committee and Governance Committee of Detroit Public Television. Shafer resides in Grosse Pointe Farms, Mich.
About First Michigan Bancorp
First Michigan Bancorp, Inc., is a bank holding company headquartered in Troy, Mich. 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 Citizens First Bank, First Michigan has 23 locations is 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 www.firstmichiganbank.com for additional information.
SOURCE First Michigan Bancorp