Bank of Ann Arbor hires 13 in A2, Ypsilanti

Last year was a terrible year for most financials, but the Bank of Ann Arbor was able to turn that sow’s ear into a silk purse.The downtown Ann Arbor-based added 13 people to its payroll as it capitalized on one of the worst financial meltdowns in decades. The bank now employs 96 people in five branches in Ann Arbor and Ypsilanti. It’s all thanks to more and more people choosing to bank locally. It’s a trend with a future, according to the Bank of Ann Arbor brass.”I don’t think this local first movement is a one-year wonder,” says Tim Marshall, president and CEO of Bank of Ann Arbor. “We continue to grow and I think that trend will continue.”So much so that he expects Bank of Ann Arbor to continue to hire. He doesn’t foresee adding any more branches in the near future, but expansion is in the firm’s plans during a time when most banks wouldn’t even think about such things.”Most companies are downsizing and cutting employees,” Marshall says. “We have taken the opposite approach of hiring good people for the benefit of the bank and the community.”Source: Tim Marshall, president and CEO of Bank of Ann ArborWriter: Jon Zemke