In the summer of 1995, the only banking institutions available to Ann Arbor and Ypsilanti residents were from outside the area. A group of prominent business people decided to change that by organizing a local bank. The applications for a new bank charter and for deposit insurance were both filed that summer. The banking office at 125 S. Fifth Avenue in downtown Ann Arbor was purchased from Comerica Bank. Six million dollars of initial capital was raised in the local community from businesses and professionals.
On January 16, 1996 Bank of Ann Arbor opened its doors with 15 employees and one location. Today we have seven locations and nearly 150 employees.
Bank of Ann Arbor's success is due to our disciplined focus on the fundamentals and the unwavering support of our shareholders, clients and the communities we serve.