Sturgis Bank & Trust Company Reports a 36% Increase in Net Income for the First Quarter of 2001 (Unaudited) Compared to the First Quarter of 2000

Apr 13, 2001, 01:00 ET from Sturgis Bank & Trust Company

    STURGIS, Mich., April 13 /PRNewswire/ -- Sturgis Bank & Trust Company
 recorded net income of $568,938 (unaudited), or $0.18 per share for the first
 quarter of 2001.  This compares to $417,709, or $0.13 per share, for the same
 quarter one year earlier.  This strong start in earnings exemplifies the
 strength and stability of the Bank.
     "We continue to stick to the basics," said Eishen, "by continuing to be a
 strong Community Bank, by providing products the consumers desire, and by
 protecting the Bank's capital through quality lending, expense control and
 solid earnings."
     "As an example of providing products the consumers desire," Eishen
 continued, "we plan to have our Internet banking service, coupled with a bill
 paying feature, operational in the next quarter."
 
     THE FINANCIAL INFORMATION PRESENTED HEREIN IS UNAUDITED.
 
     For further information contact:
     Leonard L. Eishen, President/CEO
     Telephone, 616-651-9345.
 
     FOR STURGIS BANK & TRUST UPDATES, VISIT WWW.STURGISBANK.COM
 
 

SOURCE Sturgis Bank & Trust Company
    STURGIS, Mich., April 13 /PRNewswire/ -- Sturgis Bank & Trust Company
 recorded net income of $568,938 (unaudited), or $0.18 per share for the first
 quarter of 2001.  This compares to $417,709, or $0.13 per share, for the same
 quarter one year earlier.  This strong start in earnings exemplifies the
 strength and stability of the Bank.
     "We continue to stick to the basics," said Eishen, "by continuing to be a
 strong Community Bank, by providing products the consumers desire, and by
 protecting the Bank's capital through quality lending, expense control and
 solid earnings."
     "As an example of providing products the consumers desire," Eishen
 continued, "we plan to have our Internet banking service, coupled with a bill
 paying feature, operational in the next quarter."
 
     THE FINANCIAL INFORMATION PRESENTED HEREIN IS UNAUDITED.
 
     For further information contact:
     Leonard L. Eishen, President/CEO
     Telephone, 616-651-9345.
 
     FOR STURGIS BANK & TRUST UPDATES, VISIT WWW.STURGISBANK.COM
 
 SOURCE  Sturgis Bank & Trust Company