New Bank of Northern Michigan building approved

TRAVERSE CITY – As the new president of the Bank of Northern Michigan's Traverse City office, John Paul and his staff spent the last two weeks of July greeting new customers and opening accounts at their new temporary quarters on Union Street.

"We've been planning this day for many months and are excited to open our doors," Paul said. "We're confident people in the Traverse City community will value our style of relationship banking and our commitment to provide high quality personal service."

The Bank will eventually move to a three-story building on the corner of South Union and State streets in the former Kinney's site at 128 S. Union. The plan was approved 7-0 by city planning commissioners July 12, but the bank still needs building and land use permits.

Kinney Building LLC will redevelop the downtown site, investing $5-6 million to build the 15,000 square-foot bank building and an adjacent 7,000 square-foot retail/office building. The project, backed by brownfield redevelopment assistance provided by the Michigan Economic Development Corporation, is expected to create 70 new jobs.

Cornerstone Architects is designing the commercial building, while Design Plus of Grand Rapids designed the bank building.

Bank of Northern Michigan offers consumer products, including checking and savings accounts, consumer loans and residential mortgages. The Bank will also specialize in commercial products, including checking accounts, business lending, and cash management services.

John Paul is joined by a group of seasoned bankers including Julie Courtade, vice president and mortgage sales manager; Jeremy Hawke, vice president and relationship manager; David Boeve, business banking officer; Brian Eggleston, client services officer and manager; Bryan Van Dyke, credit analyst; and Denise Ramsey, personal banker.

The Bank will offer products and services specifically tailored to assist municipalities, schools, charities and other non-profit organizations.

But you won't see a constant parade of promotions, Paul said.

"You'll find that we don't have a lot of specials. We try to provide good value and a competitive set of products and services. Or service and attention to clients is what we'll be focused on."

The bank's hours are currently Monday through Friday, 9-5, but Paul says some meetings will take place outside traditional hours.

"If we have clients that need to meet us six in the morning, or Sunday at three, we'll do whatever we have to. It'll be driven by client needs."

The Bank offers both non-profits and businesses a free courier service to pick up bank deposits. You can call 231-439-9069 to schedule a regular pick up time. Or, the bank can send a courier on an as-needed pick up, provided notice is given before 9:30 a.m. on the day the pick up is needed.

The Bank of Northern Michigan opened a Petoskey location in January 2000. It then opened a Gaylord residential mortgage office in May 2005 and a full service branch in January 2006. As of June, total assets for the Bank were $187 million.

You can reach the Traverse City location at 922-2101. BN