Level One Bank Celebrates its Fifth Birthday
FARMINGTON HILLS, Mich.: On Friday, October 5, Level One Bank turns five years old. Level One Bank opened its doors in 2007 with a team of just 11 employees. Today, Level One employs nearly 130 team members, operates seven banking centers, and has approximately $500 million in assets.
“Five years ago, we had a vision for a different, better way of banking; one that focused on personal relationships and reinvested in those who invest in us,” said Patrick J. Fehring, Level One Bank President and CEO. “With the dedication of an incredibly talented and innovative team; we are growing into the bank we envisioned five short years ago.”
Since its founding, Level One Bank has continued rapid growth, expanding its offerings and increasing its reach to local businesses and families in Southeastern Michigan.
Some of Level One’s key milestones and achievements include:
2007: Level One Bank opens October 5, 2007.
2008: American Bankers Association recognizes Level One as in the top 25 percent of assets among all U.S. banks chartered in 2007.
2009: Level One Bank acquires Michigan Heritage Bank, adding two retail banking centers.
2010: Level One Bank earns a Four-Star BauerFinancial rating; acquires Paramount Bank, expanding retail locations to six; Wins Crain’s Detroit Businesses Mergers & Acquisitions Award for Best Small Deal of the Year.
2011: Level One earns a Five-Star BauerFinancial rating; named by ICBA in top 20th percentile of banks in the United States for 2010 financial performance; launches Residential Mortgage and Small Business Loan Center programs.
2012: Team expands to more than 100 professionals; opens seventh banking center in Bloomfield Township; honored as one of 2012’s Michigan 50 Companies to Watch; named Community Lender of the Year for 2011 by SEM Resource Capital.
Level One continues to grow, both organically and through acquisitions. Last month, Level One Bank announced an agreement to acquire Oxford Bank Corporation, a community bank with eight branches throughout northern Oakland County and the surrounding communities. Once the acquisition is finalized, Level One Bank will operate 15 retail banking center locations and nearly $750 million in assets.