125 YEARS

Building Brighter Futures

2023 ANNUAL REPORT
Dear
Shareholders:
On behalf of everyone at Fentura Financial, Inc. (“Fentura” to pursue actions and strategies that we believe
or the “Company”), I am proud to share the operating and will benefit all shareholders over the long term.
financial progress we made during 2023. Throughout the Supporting this commitment, as well as Fentura’s
year, we celebrated our Bank’s 125th anniversary, which consistent financial performance, our Board increased
allowed us to reflect on our rich history, unwavering the Company’s dividend by 11%, representing the
commitment to our customers, and the countless lives we sixth consecutive year we have increased our annual
have touched over the years. Fentura’s journey has been dividend. In January 2024, we increased our regular
one of resilience, innovation, and above all, a steadfast quarterly dividend by an additional 10% to $0.11 per
dedication to serving our Michigan communities. As share. Since 2017, Fentura’s annual dividend has
we look to the future, we remain focused on nurturing increased from $0.20 to $0.40 for 2023, representing
lasting relationships with our customers, providing our a compound annual growth rate of 12%.
employees with an environment to thrive and develop,
and creating lasting value for our shareholders. In September 2023, Fentura celebrated its 125th year
anniversary of The State Bank. The Bank has been a
Fentura reported another solid year of growth, as we part of the Fenton community since 1898, when five
ended 2023 with record total assets of $1.74 billion prominent citizens organized the Commercial Savings
and record total deposits of $1.39 billion. Throughout Bank of Fenton. They sought to serve the needs of
the year we experienced higher interest expense as their neighbors and friends, thereby establishing a
the rapid increase in interest rates had an impact on foundation of trust, a relationship that still exists today.
our cost of funds and reduced net interest income.
We are proud of our heritage of providing trusted
Despite these trends, 2023 was another good year
financial services to our local communities and
of profitability as we benefited from record levels
look forward to remaining an independent, and high-
of interest income and excellent asset quality.
performing community bank for many years to come.
For the year ended December 31, 2023, net income was
It is with deep sadness that we remember our long-time
$14.6 million, or $3.30 per diluted share, compared to
director, William H. Dery (Bill), M.D who passed away in
$14.9 million, or $3.38 per diluted share in 2022. In fact,
2023. Bill joined the Board in 2009 and was not only a
net income and earnings per diluted share would have
respected member of our Board until his passing, but
increased year-over-year had it not been for $523,000
also a dear friend, invaluable mentor to many of us
in one-time legal and professional fees associated with
2023’s annual meeting and proxy contest. Strong earnings at Fentura, and a pillar in the community. Bill’s father,
and asset quality combined with limited impacts from grandfather, and great grandfather all previously served
accumulated other comprehensive income produced a as directors of the Bank, and their respective contributions
10% year-over-year increase in total shareholders’ equity, can be found throughout Fentura Financial and The
which was a record $138.7 million at December 31, 2023. State Bank yet today. We are honored to dedicate this
annual report to Bill with a tribute found on page 9.
Fentura’s stock increased 24.8% from January 1, 2023
to December 31, 2023, reflecting our solid financial It takes the contribution of many to truly make a
and operating results in 2023. Our stock’s performance meaningful impact on our community and achieve
in 2023 greatly outperformed several well followed our shared vision. The Company understands the
bank indices including the Nasdaq Bank Index which importance of strong corporate governance to ensure
was down 6.7% and the KBW Regional Bank Index, we are meeting our goals and optimizing value for our
which was down 4.0% in 2023. In addition, according shareholders. In 2023, we listened to our shareholders
to Bloomberg, Fentura was the 31st best performing and expanded the number of directors serving on our
bank stock in the U.S. and the 2nd best performing Board. After engaging with Robert A. Herdoiza, the Board
bank stock in the state of Michigan. We are proud of this nominated him to serve as a director, recognizing that
performance, especially during a difficult year for banks. his financial expertise, business qualifications, and prior
roles as a CFA and a CFO would benefit the Company. We
Our Board is focused on creating sustainable value appreciate his early contributions to the Company and
for Fentura’s shareholders and the Board continues look forward to his continued participation on the Board.
 Building Brighter Futures
Mr. Herdoiza’s appointment to the Board represents and authentication tools. On the Wealth Management
the actions we have taken over the past several years, side of our business, we transitioned the advisory
refreshing our Board with experienced individuals platform to Ameriprise and added personnel to drive
that reflect the diverse makeup and values of our local additional growth within this line of business.
communities. As a result, of the 11 current board
members, 45% have been appointed since 2021. As you As we look to 2024, we expect another fluid operating
can see, we have made significant progress over the environment primarily due to continued uncertainty
past three years enhancing our Board by attracting around Federal Reserve interest rate and monetary
proven business, community, and financial leaders to policies and the impacts these may have on the greater
Fentura. I look forward to their continued contributions. economy and our Bank. Despite these concerns, we
are focused on supporting our communities that
need value added and local financial partners like
Fentura. We enter 2024 with a highly experienced
leadership team, strong market share in compelling
markets, and excellent asset quality. In fact, we
had net recoveries in 2023 and ended the year with
nonperforming assets to total assets of just 0.35%.

We are proud of Our performance in 2023 demonstrates our continued

commitment to supporting our communities, delivering
our heritage of consistent operating performance, and maintaining
excellent asset quality. We firmly believe that by 1

providing trusted prioritizing the well-being of the customers and

employees we serve and delivering sustainable value to

financial services our shareholders, we can continue to thrive and make

a positive difference in the lives of all stakeholders.
We are excited about the opportunities that lie before
to our local us and remain dedicated to upholding our community
banking values to build a brighter future for all.

communities. As always, thank you for your continued support.

Warmly,

Developing, attracting, and supporting our team

members remains crucial to our success. Beginning
January 1, 2024, Thomas Hufton (Tom) replaced Dennis
Leyder as the Chief Wealth Management Officer. As part
of our established succession plan, Tom was identified
several years ago as a natural successor ensuring a
seamless transition. Tom is quickly contributing to our
expanding Wealth Management business, and I look Ronald Justice
forward to his leadership in his new role. In addition, President and CEO
we continue to focus on providing our customers
Fentura Financial, Inc.
with leading financial advice, services, and products
and The State Bank
that are tailored to their individual needs. During
the year we implemented personal wire transfers and
enhanced the security features for our business and
commercial customers including user management
 1897 1910 1920 1930 1940 1950 1960

1897 1931
Fenton served by two Commercial Savings Bank and
private banks: HB Fenton State Savings Bank
Latourette Bank & merge to become The State
EB Wightman Savings Bank of Fenton
Exchange Bank

2
1898
HB Latourette founded
the chartered bank, 1954
Commercial Savings Bank, Linden Branch
from HB Latourette Bank opens as the first
branch office

1908 1961
Frederick H Hitchcock Bank assets reach
1931
instrumental in the formation $10 million
of the chartered bank, Fenton $1.478 million
State Savings Bank, from at merger
Wightman Exchange Bank of the two
Fenton banks
1898
Bank assets
of $25,000

1908
Bank assets
of $72,841
125 Years

BANK GROWTH OF
HISTORY BANK
 In 2023, The State Bank celebrated 125 years of serving

Building Brighter Futures

mid-Michigan. From the Great Depression to the Great Recession
and beyond, The State Bank has held tight to its community
values. Through resilience, integrity and innovation, the bank has
helped businesses and families meet their needs and build brighter
futures. In a world where banking collapses riddle the headlines,
The State Bank’s longevity has made it a welcome exception.

1970 1980 1990 2000 2010 2020 2023

1966 1987-88 2006-08 2016-19

Grand Blanc Acquisition of Community
Drive thru Holly Branch opens;
1977 North and State Bank based in St. Charles;
services Name changes to The Brighton Farmington Hills Branch opens
open Open current State Bank & Holding Branches open
Main Office; company, Fentura
Install first ATM Financial, Inc. is formed
2011 2020
1995-97 3
1981 Form Change 4 Kids; The State Bank offers
Bank assets Launch of internet and Mobile Banking Covid Relief programs for
reach telephone banking; services begin families and businesses
$80 million VGs Branch opens
1965 1984
Bank assets Bank assets 2021
reach reach Acquisition of
$16 million $100 million Farmers Bank of
Munith
1974
2001-02
Bank assets
reach 2022
Grand Blanc South and
$39.6 million Silver Lake Branches Bay City LPO opens;
open; Launch The State Bank is
partnership with the SBA Community
1971 Food Bank 2019 Lender of the Year
Bank assets of Eastern Michigan Bank assets
reach surpass
$28.7 million
2004
$1 billion
Bank assets
reach
$585 million
2023

Downtown Flint Branch opens

in the historic Ferris Wheel Building;

The State Bank

Celebrates 125 Years!
125 WHAT MAKES

POSSIBLE?
4
For 125 years, The State Bank and our communities have come
together to Build a Better State. There have been ups and downs,
challenges, and great accomplishments. Through it all, we continue
to thrive. The pieces of the bank’s history are a compilation of
individual efforts woven together to form something bigger.
125 Years
 Our Value of To help our customers reach their better state, we
launched a partnership with GreenPath to provide

Building Brighter Futures

Family and
comprehensive financial counseling. Our ongoing
commitment to Financial Wellness resulted in 1,700
hours of training in 2023 to support 31 organizations.

Community We focused on important topics such as savings

and budgeting, understanding and maintaining
credit, and assessing homeowner readiness.

Our Passion for The State Bank has been recognized amongst financial
institutions who provide capital to all Michigan small

Small Business
businesses. For the fourth year in a row, The State Bank
was ranked as the #1 Michigan-Based Community
Bank Small Business Administration lender.

Our Focus on We’ve seen exciting growth since our start in 1898
with a humble $25,000 in assets. Since then, we have

Growth
grown to $1.74 billion in total assets with 21 locations
across eight counties. As recently as 2022, we opened a
new loan production office in Bay City, which is our first
location in Bay County. Along with celebrating our 125th
anniversary in 2023, we also celebrated the opening of
our Flint location in the historic Ferris Wheel Building.

Our Commitment We have launched and continue to advance our best

in class online and mobile banking tools that make

to Technology
it easier than ever for our customers to visualize
and interact with their money including: Account
Aggregation, Credit Monitoring and Simulation,
Digital Receipt Storage, Money Management,
Smart Watch and Voice Banking, and more.
 Our Commitment
to Leadership Fentura Financial, Inc. is led by an experienced Board
of Directors with expertise across various industries.

Mark Bole Bob Herdoiza Randy Hicks, M.D., MBA Kristen Holt
Retired - Head of V2X & Partner Owner & CEO President and CEO
Battery Solutions, GM Energy Regional Medical Imaging, P.C. GreenPath
Stonebridge Financial Group
General Motors Financial Wellness

Ronald Justice Steven Krause Thomas McKenney Kelly Myers

President and CEO Owner & President Retired - Owner/ Managing Member
President & Attorney
Fentura Financial, Inc. Best Storage, Inc. Myers & Myers, PLLC.
and The State Bank McKenney & McKenney

Brian Petty Ronald Rybar Debra Williams

125 Years

Owner & President President President & CEO

Fenton Glass Service, Inc. Provider Payment Consultants Williams Collaborative, LLC.

Founder and Senior Advisor

The Rybar Group
 Building Brighter Futures
A Tribute to
William H. Dery, M.D.
December 10, 1951 - August 1, 2023

William H. Dery, M.D. was appointed as a Director of the The State

Bank and Fentura Financial in April 2009 and served passionately
until his passing on August 1, 2023. Dr. Dery’s father, Robert Dery,
grandfather, HW Hitchcock, and great grandfather, Frederick
Hitchcock, all previously served as directors of the Bank. As the great- 7

grandson-in-law of Frederick Hitchcock who formed Fenton State

Bank, which later became The State Bank, Dr. Dery served our bank
and community with passion, pride, and commitment.

Dr. Dery was admired by many in the community, the banking

industry, and of course the medical community where he served
patients as a family practice physician for 40 years. We honor Dr. Dery
for his commitment to The State Bank. He will truly be missed, and
his legacy will always remain a testament to the success that can be
achieved through resilience, integrity, and innovation.
 Growing
Core Deposits 4,925
Deposit Accounts
Opened in 2023

61.3Increase in
MM 77.2 in Kasasa
MM
Total Deposits
Accounts

Growing
8 Community 561,546
In 2023 community
k 40,875
fundraising effort in 2023
k
donations and through the Change
sponsorships 4 Kids Program.

Since the program’s inception,

$348,443 has been donated.

73,136k
donated to the Food
Bank of Eastern
Michigan in 2023

Growing
Innovation 10.1 k
125 Years

Average Monthly
ITM Transactions
 Growing #1

Building Brighter Futures

Local Business
*Based on number and dollar
amount of SBA loans approved
during the fiscal years
Michigan-Based ending 9/30/20, 9/30/21,
Community Bank 9/30/22, and 9/30/23.
SBA Lender* for Four
Years in a Row

53.8
New Small Business
MM 137.8
New
MM

Administration Loans
Commercial
Title Gov’t Guaranteed/
Loans
Supported Loans

Public Fund Growing

Management Wealth
9

38.1 MM
32.4
Increase in Wealth
Management & Trust
MM

Increase in Public Funds Services Assets Under

Management in 2023

Growing
Home Ownership 336 94.7
New Mortgage
and Refinance Loans
New Mortgage
and Refinance Loans
MM
 2023
Highlights
Dollars in Thousands Except Per Share Amounts

Balance Sheet and Asset Quality Ratios

12/31/23 12/31/22 12/31/21 12/31/20 12/31/19

Net Loans to Total Deposits 104.58% 106.77% 88.71% 98.48% 100.19%
ACL to Gross Loans 1.04% 0.91% 0.95% 1.02% 0.67%
Net Loan Charge-offs to Gross Loans (0.04%) 0.05% 0.02% 0.05% 0.00%
Nonperforming Loans to Gross Loans 0.38% 0.16% 0.18% 0.75% 0.17%

Per Share Data

12/31/23 12/31/22 12/31/21 12/31/20 12/31/19

Earnings per Share $3.30 $3.38 $3.60 $3.31 $2.49
Book Value per Share $31.02 $28.40 $27.68 $24.68 $21.75
Tangible Book Value per Share $28.92 $26.22 $25.43 $23.88 $20.87
Market Price per Share $27.20 $22.20 $28.28 $22.00 $25.23
Dividends per Share $0.40 $0.36 $0.32 $0.30 $0.28
10
Total 1 Year Return to Shareholders (%) 24.32% -20.23% 30.00% -11.61% 21.48%
Common Shares Outstanding 4,470,871 4,439,725 4,496,701 4,694,275 4,664,369
Average Common Shares Outstanding 4,460,490 4,448,003 4,624,243 4,684,006 4,653,872

Performance Ratios

12/31/23 12/31/22 12/31/21 12/31/20 12/31/19

Return on Average Assets 0.85% 0.98% 1.26% 1.29% 1.20%
Return on Average Shareholders' Equity 11.14% 12.30% 13.52% 14.05% 12.02%
Net Interest Margin Yield (FTE) 3.17% 3.67% 3.58% 3.50% 3.83%
Efficiency Ratio 70.10% 65.11% 64.65% 58.10% 63.20%

Capital Ratios
12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Total Capital to Risk Weighted Assets 11.91% 10.87% 12.22% 15.14% 14.03%
Tier 1 Capital to Risk Weighted Assets 10.82% 9.95% 11.30% 13.93% 13.33%
CET1 Capital to Risk Weighted Assets 9.83% 8.96% 10.07% 12.38% 11.64%
Tier 1 Capital to Average Assets 8.77% 8.58% 9.13% 9.80% 11.20%
125 Years
 Building Brighter Futures
CONDENSED CONSOLIDATED BALANCE SHEETS
Assets
12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Cash and Cash Equivalents $90,661 $57,844 $ 83,446 $46,757 $46,803
Total Securities 107,615 125,049 164,942 76,111 61,621
Loans Held for Sale 747 493 6,783 27,306 19,491
Gross Loans 1,473,471 1,436,166 1,100,092 1,066,562 870,555
Less Allowance for Credit Losses 15,400 13,000 10,500 10,900 5,813
Net Loans 1,458,071 1,423,166 1,089,592 1,055,662 864,742
All Other Assets 81,858 82,311 73,022 45,610 42,102
Total Assets $1,738,952 $1,688,863 $1,417,785 $1,251,446 $1,034,759

Liabilities and Shareholders’ Equity

12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Total Deposits $1,394,182 $1,332,883 $1,228,298 $1,071,976 $ 863,102
Total Borrowed Funds 198,500 222,350 50,000 49,000 61,500
11
Accrued Interest and Other Liabilities 7,568 7,543 15,032 14,602 8,713
Total Liabilities 1,600,250 1,562,776 1,293,330 1,135,578 933,315
Total Shareholders' Equity 138,702 126,087 124,455 115,868 101,444
Total Liabilities and Shareholders' Equity $1,738,952 $1,688,863 $1,417,785 $1,251,446 $1,034,759

CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED

Interest and Dividend Income
12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Loans, Including Fees $75,382 $56,610 $45,129 $44,238 $41,102
Investments 4,299 2,610 1,781 1,741 2,439
Total Interest and Dividend Income 79,681 59,220 46,910 45,979 43,541
Total Interest Expense 28,087 6,767 2,736 5,924 8,627
Net Interest Income 51,594 52,453 44,174 40,055 34,914
Credit Loss Expense (Reversal) (58) 3,105 (180) 5,634 1,335
Net Interest Income,
51,652 49,348 44,354 34,421 33,579
After Credit Loss Expense (Reversal)
Total Non-Interest Income 9,271 9,880 14,080 19,640 8,163
Total Non-Interest Expenses 42,668 40,585 37,663 34,684 27,223
Income Before Federal Income Taxes 18,255 18,643 20,771 19,377 14,519
Federal Income Taxes 3,626 3,710 4,192 3,913 2,941
Net Income $14,629 $14,933 $ 16,579 $15,464 $11,578
 Market Price $25.23
$28.28
$27.20

Per Share $22.00 $22.20

2019 2020 2021 2022 2023

Balance

$1,738,952
Gross Loans

$1,688,863
Total Deposits

Sheet

$1,473,471
$1,436,166
Total Assets

$1,417,785

$1,394,182
$1,332,883
$1,251,446

$1,228,298
$1,100,092
$1,071,976
$1,066,562
$1,034,759

12
$870,555
$863,102

2019 2020 2021 2022 2023

Return on 1.20%
1.29% 1.26%

Average Assets 0.98%

0.85%
125 Years

2019 2020 2021 2022 2023

Dollars in Thousands Except Per Share Amounts

Earnings $3.60

Building Brighter Futures

Per Share
$3.38
$3.31 $3.30

$2.49

2019 2020 2021 2022 2023

Efficiency 70.10%

Ratio 63.20%
58.10%
64.65% 65.11%

13

2019 2020 2021 2022 2023

Net $16,579

Income
$15,464
$14,933
$14,629
$11,578

2019 2020 2021 2022 2023

 We Believe in We are actively engaged in developing,
strengthening, and energizing the

Purposeful communities that we live in.

Actions to Throughout the year, The State Bank participates

in numerous events and programs that support

Create Better
local businesses, schools, and charities. Both the
Food Bank of Eastern Michigan and our very own
Change 4 Kids program are two key initiatives to help

Communities our community members find their better state.

Change 4 Kids
The Change 4 Kids program began responding to the
need to assist low and moderate-income families,
meeting basic physical needs ranging from toothpaste
14 and deodorant to clothing and shoes. Change 4
Kids also provides educational supplies needed
to be a successful student, such as pencils, paper,
markers, binders, backpacks, and other necessities.

Since its inception in 2011, Change for Kids has

donated over $348,443 to our local school districts.

Food Bank of Eastern Michigan

Over a span of 20 years, The State Bank has raised
a total of $478,345.33 for the Food Bank of Eastern
Michigan (FBEM). That contribution is equivalent to
125 Years

over 2.5 million meals provided to the 22 counties

served by the Food Bank. Not only does The State Bank
contribute donations, but many employees have given
hours of volunteer time to support the Food Bank.
 We Believe in

Building Brighter Futures

Striving to
Be the Best
The State Bank was honored this year with several
Best Of Awards. The Tri-County Times, serving
Fenton, Linden, and Holly awarded The State
Bank with Best Bank, Best Loans, Best Mortgage
Lender, and Favorite Financial Planning honors.

We Believe in
Community
Banking Fentura Financial, Inc, announced that once again it
ranked in the American Banker Magazine’s “Top 200
Community Banks” list, as one of the top performing 15
community banks in the United States. The banks were
ranked on three-year return on average equity between
2020 and 2022. (Source: Capital Performance Group.)
Fentura Financial, Inc. ranked as number 88 out of 200.

We Believe in
Serving Small
Businesses
For the fourth year in a row, The State Bank was
ranked as the #1 Michigan-Based Community
Bank Small Business Administration (SBA) Lender
based upon the number of approved loans for the
SBA fiscal years ending September 30, 2020 - 2023.
Our expertise and commitment to small business
relationships has led to our continued success.
 Celebrating 125 At The State Bank, we extend our
deepest gratitude to the customers

Years: who have been the heartbeat of

our existence for 125 years.
Community, The loyalty of our customers and community

Trust, and
has transformed this bank from a financial
institution into a place for dreams, aspirations,
and life’s most treasured milestones.

Enduring
Relationships
In over 20 years of working with The State Bank
Trust and Wealth Management Departments, we
have tremendous trust and respect for that team
that has been developed, nurtured and grown.

Dennis, Sheryl and especially Tom have gone out of

their way, managing and growing our accounts. From
the personal and prompt service in response to calls
and emails, to the birthday and holiday cards and
gifts, the courteous service is truly appreciated.

They, The State Bank Wealth Management Team,

16
care and have brought a wealth of knowledge
and expertise to both us and our portfolio.

Trust in The Pat and Jane Sullivan

Orleans, MI

State Bank’s
services has
laid a solid I am thrilled to share my positive experience
as a returning business client. The team’s
keen understanding of our business needs,
foundation for coupled with a personalized and responsive
approach, has truly set the bank apart.
all our future The flexibility demonstrated in meeting our

plans. unique requirements and the ability to swiftly get

things done have been key factors in our ongoing
satisfaction. The commitment to building lasting
relationships is evident and greatly appreciated.

Likewise, the bank’s ability to assist me

125 Years

with top notch mortgage products on the

personal side has been invaluable.

Greg Walker
Walker Healthforce | Bloomfield Hills, MI
 While The State Bank has grown to have several
locations over the years, their commitment to

Building Brighter Futures

“hometown” service has remained top notch! We,
being a local business ourselves, are pleased to have
our bank accounts local as well. From day one, we
have experienced excellent customer service via in

Commitment person, phone & email with above expectations on

response time. We know and respect the difference
in fees, customer service, & quality. Thank you to
to building the entire team at The State Bank for an excellent
transition for both our personal and business accounts.
lasting Mike & Tracy Sargent
Sargent’s Title Co. | Flint, MI
relationships.
It has been a pleasure to work with Michael Franklin
and the team at the Farmington Hills branch, setting
up new accounts, setting up ACH from customer
accounts, and closing on three loans. The most
complicated 504 SBA loan was seamless and
easy to move through the entire process. I would
recommend The State Bank to any small or mid-sized
business that wants a great banking partner.
17
Richard Simtob
Helped me Simtob Management & Investment | Lansing, MI

navigate
through the The State Bank of Fenton truly is “our hometown
bank,” meeting all of our banking needs. They have

minutia to been the bank of choice for our growing businesses

for well over 30 years. Allied Media and our other

achieve my associated printing and publishing companies

have enjoyed a mutual trust relationship that has
taken us through tough economic cycles as well
financing as the financial boom times of the recent past.

goals through It always comes back to personal relationships between

trustworthy banking personalities and our community-

their SBA oriented businesses. Allied Media has been working

with Tom Bertschy and Craig Johnson for many years

partnership. now. These men know our business, our business

needs and go the extra mile. The State Bank is our
local, hometown connection to grow and thrive our
businesses, there is no reason to shop anywhere else.

John Evans
Allied Media | Fenton, MI
 Celebrating 125 I have used The State Bank for my personal financing
and borrowing needs since 2017. As a self-employed

Years:
business owner, I have in the past needed business
loans and lines of credit many times and have always
had difficulty dealing with banks to get fair and

Community, competitive products at the borrowing level I needed.

In 2023 I found myself in need of financing for new

Trust, and growth and was unable to increase my existing line

of credit with another bank. The State Bank and Tom

Enduring
Barrett were amazing and helped me navigate through
the minutia to achieve my financing goals through

Relationships
their SBA partnership program in a very short time
frame. The State Bank was dedicated to my cause
and willing to build on my personal relationship
to extend that to a business relationship as well. I
(cont’d) cannot be thankful enough for Tom and his team.

Chad R. Myers
Energy Mat Alliance | Brighton, MI

Working with Aeron Grigg at The State Bank

has been a pivotal part of our journey. As small
18 business owners with a keen interest in real estate
investment, Aeron’s expertise was exactly what we
needed. He guided us through the complexities
of commercial loans with a level of detail and
dedication that exceeded our expectations,
ensuring we secured the best deal possible.

They have Aeron’s approach went beyond just business

transactions; he became a valued mentor and

brought a friend, offering insights that have been instrumental

in both our business strategy and personal
investments. This trust in Aeron and The State
wealth of Bank’s services has laid a solid foundation for all
our future plans in real estate and business.
knowledge Looking forward, we’re excited to continue our

and expertise partnership with Aeron and The State Bank. Their
exceptional service and Aeron’s personal touch
have not just supported our current ventures
to both us and but are integral to our future success.”

our portfolio. Jeremy Gwizdala & Molly McGrandy

JM Performance, dba CrossFit Whip | Saginaw, MI
125 Years
 I am writing to express my wholehearted endorsement
for Mr. Michael Franklin, an outstanding banker at

Building Brighter Futures

The State Bank. As Owner/Founder at Quantam
Solutions, I have had the pleasure of working
closely with Michael over the past 15 years and
can confidently attest to his exceptional skills
and dedication in providing banking services.
The State Bank Michael has consistently demonstrated an
unwavering commitment to delivering exceptional
commitment service, particularly in the realm of providing
business loans and offering valuable guidance on
to “hometown” loan structuring. His depth of knowledge in financial
matters, coupled with a keen understanding of the
service has unique needs of businesses, has undoubtedly set him
apart as a trusted advisor in the banking industry.

remained top One of Michael’s standout qualities is his

unparalleled loyalty to his clients. He goes above
notch! and beyond the norm, ensuring that each client
receives personalized attention and tailored
solutions. His genuine interest in the success of
his clients is evident in his proactive approach to
addressing their financial needs and challenges.

Larry Freimark
Quantam Solutions LLC | Southfield, MI 19

In 2023, our four restaurants made the decision to

transition their banking to The State Bank. Their
friendly and courteous team made our transition
very easy. The dedication of the treasury department
[Not only] made sure that we were all set up with online
banking, ACH capabilities, wire transfers, and mobile

supported deposits. This team responded quickly either in

person with a phone call or via email. We could

our current not have made this transition without them.

Scott Nemode

ventures but Downtown Restaurant Investments | Bay City, MI

are integral We have never had such a smooth and seamless loan

to our future experience as we had with Kevin Neumeyer and The

State Bank. Kevin is always on top of everything we
need to have completed and walks us through every
success. detail so we never have any surprises at closing. He truly
makes the banking and loan experience enjoyable.

Josh Kemerer
Riverbend Storage North | Saginaw, MI
 MAIN OFFICE LINDEN ATM ONLY LOCATIONS
175 N. Leroy Street 107 Main Street
Fenton, MI 48430 Linden, MI 48451 ALPINE FOOD PLAZA
810.629.2263 810.750.8794 606 W. Broad Street
Linden, MI 48451
BIRCH RUN MONTROSE
8412 Main Street 200 W. State Street BURT
Birch Run, MI 48415 Montrose, MI 48457 10811 Albee Road
989.624.6280 810.639.6101 Burt, MI 48417

BRIGHTON MUNITH CHESANING

134 N. First Street 201 N. Main Street 148 Chapman Street
Brighton, MI 48116 Munith, MI 49259 Chesaning, MI 48616
810.534.0800 517.985.1062
THOMPSON ROAD
CHESANING NEW LOTHROP 3237 W. Thompson Road
12771 Brady Road 9380 Genesee Street Fenton, MI 48430
Chesaning, MI 48616 New Lothrop, MI 48460
989.845.7070 810.638.3003
LOAN PRODUCTION
FARMINGTON HILLS SAGINAW OFFICES
Northwestern Professional Center 218 S. Washington Avenue
31000 Northwestern Highway, Saginaw, MI 48601 BAY CITY
Suite 150 989.393.4020 268 Uptown Drive
Farmington Hills, MI 48334 Bay City, MI 48708
20 248.498.6979 SILVER PARKWAY
15095 Silver Parkway
FLINT Fenton, MI 48430
Ferris Wheel Building 810.750.5605
615 Saginaw Street
Flint, MI 48502 ST. CHARLES
810.616.7895 207 S. Saginaw Street
St. Charles, MI 48655
GRAND BLANC NORTH 989.865.9434
1401 E. Hill Road
Grand Blanc, MI 48439 STOCKBRIDGE
810.603.9500 5101 M-106
Stockbridge, MI 49285
GRAND BLANC SOUTH 517.985.1062
7606 S. Saginaw Street
Grand Blanc, MI 48439 THOMAS TOWNSHIP
810.695.9601 7590 Gratiot Road
Saginaw, MI 48609
GRASS LAKE 989.781.2350
12005 Michigan Avenue
Grass Lake, MI 49240 VG’S FOOD CENTER
517.985.1062 18005 Silver Parkway
Fenton, MI 48430
HOLLY 810.750.8781
125 Years

4043 Grange Hall Road

Holly, MI 48442
810.750.8701
800.535.0517 | Fentura.com | TheStateBank.com