The State bank

The State Bank Celebrates its 125th Anniversary

Retrieved on: 
Wednesday, September 27, 2023

FENTON, Mich., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) is proud to celebrate the 125th anniversary of The State Bank.

Key Points: 
  • FENTON, Mich., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) is proud to celebrate the 125th anniversary of The State Bank.
  • From the Great Depression to the Great Recession and beyond, The State Bank has held tight to its community values.
  • “As the only bank still headquartered in Genesee County, we are proud to honor our rich heritage as an independent and growing community bank,” said Ron Justice, President and CEO of The State Bank.
  • The State Bank has celebrated its 125th anniversary by sharing its Michigan history through interactive social media and a historical timeline on its website.

The State Bank Announces Appointment of Bob Herdoiza to Fentura Financial, Inc. Corporate Board of Directors

Retrieved on: 
Wednesday, July 5, 2023

FENTON, Mich., July 05, 2023 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. and The State Bank are excited to announce the appointment of Bob Herdoiza to the Board of Directors for both Fentura Financial, Inc. and The State Bank.

Key Points: 
  • FENTON, Mich., July 05, 2023 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. and The State Bank are excited to announce the appointment of Bob Herdoiza to the Board of Directors for both Fentura Financial, Inc. and The State Bank.
  • Bob Herdoiza is a Partner at Stonebridge Financial Group.
  • Herdoiza is currently a partner of Stonebridge Financial Group, leading strategic direction for its corporate retirement plan practice and consulting with clients.
  • “I am excited about the expertise that Mr. Herdoiza will bring to our Boards,” said Ron Justice, President and CEO of Fentura Financial, Inc. and The State Bank.

The State Bank Selects Ameriprise Financial to Manage its Investment Program

Retrieved on: 
Thursday, June 8, 2023

Ameriprise Financial (NYSE: AMP) today announced The State Bank, an independently owned bank with more than $1.75 billion in assets, has transitioned its investment program to the Ameriprise Financial Institution Group (AFIG) from Cetera Financial Group.

Key Points: 
  • Ameriprise Financial (NYSE: AMP) today announced The State Bank, an independently owned bank with more than $1.75 billion in assets, has transitioned its investment program to the Ameriprise Financial Institution Group (AFIG) from Cetera Financial Group.
  • “Our new partnership with Ameriprise Financial is founded on our shared focus on providing an excellent client experience,” said Ronald Justice, President & CEO of The State Bank.
  • The State Wealth Advisors is led by program manager Tom Hufton, Vice President of Wealth Management and Trust Services at The State Bank.
  • “We’re thrilled to partner with The State Bank to help their clients achieve their financial goals with more confidence,” said Jay McAnelly, Group Vice President, Ameriprise Financial Institutions Group.

Fentura Financial, Inc. Announces Settlement Agreement

Retrieved on: 
Wednesday, May 24, 2023

FENTON, Mich., May 24, 2023 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) (“Fentura Financial” or “the Company”), the holding company for The State Bank today announced that it has entered into a settlement agreement with shareholder Paul Drueke in connection with the Company’s 2023 annual meeting of stockholders.

Key Points: 
  • FENTON, Mich., May 24, 2023 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) (“Fentura Financial” or “the Company”), the holding company for The State Bank today announced that it has entered into a settlement agreement with shareholder Paul Drueke in connection with the Company’s 2023 annual meeting of stockholders.
  • “Following consultations with Mr. Drueke, we are pleased to inform shareholders that Fentura and Mr. Drueke have mutually agreed to resolve issues raised in their competing proxies,” said Fentura Financial Chairman of the Board Brian Petty.
  • Any votes for the proxy submitted by Mr. Paul Drueke (the Green Card), shall be counted toward a quorum.
  • Votes as to the election of Director Nominee Mr. Herdoiza, whether on the proxy submitted by Mr. Drueke (the Green Card) or the proxy submitted by Fentura (the White Card) will be counted.

Fentura Financial, Inc. Announces Quarterly Dividend

Retrieved on: 
Friday, October 28, 2022

FENTON, Mich., Oct. 28, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.09 per share for shareholders of record as of November 7, 2022, and payable November 14, 2022.

Key Points: 
  • FENTON, Mich., Oct. 28, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.09 per share for shareholders of record as of November 7, 2022, and payable November 14, 2022.
  • Fentura Financial, Inc. is the holding company for The State Bank.
  • The State Bank is a full-service, 5-Star Bauer Financial rated commercial, retail and trust bank headquartered in Fenton, Michigan.
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

The State Bank Announces Appointment of Mark Bole, Kristen Holt, and Debra Williams to Fentura Financial, Inc. Corporate Board of Directors

Retrieved on: 
Friday, August 26, 2022

FENTON, Mich., Aug. 26, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. and The State Bank are excited to announce the appointment of three new Board of Directors.

Key Points: 
  • FENTON, Mich., Aug. 26, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. and The State Bank are excited to announce the appointment of three new Board of Directors.
  • Mark Bole, Kristen Holt, and Debra Williams were appointed to the Board of Directors for both Fentura Financial, Inc. and The State Bank.
  • About Fentura Financial, Inc. and The State Bank Fentura Financial, Inc. is the holding company for The State Bank.
  • The State Bank is a full-service, 5-star Bauer Financial-rated commercial, retail and trust bank, based in Fenton, MI.

Fentura Financial, Inc. Announces Quarterly Dividend

Retrieved on: 
Thursday, July 28, 2022

FENTON, Mich., July 28, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.09 per share for shareholders of record as of August8, 2022, and payable August15, 2022.

Key Points: 
  • FENTON, Mich., July 28, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.09 per share for shareholders of record as of August8, 2022, and payable August15, 2022.
  • Fentura Financial, Inc. is the holding company for The State Bank.
  • The State Bank is a full-service, 5-Star Bauer Financial rated commercial, retail and trust bank headquartered in Fenton, Michigan.
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

SeABank reached nearly US$120 million pre-tax profit, exceeded 2022's First half business plan

Retrieved on: 
Thursday, July 14, 2022

HANOI, Vietnam, July 14, 2022 /PRNewswire/ -- Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its First half 2022 business results.

Key Points: 
  • HANOI, Vietnam, July 14, 2022 /PRNewswire/ -- Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its First half 2022 business results.
  • Accordingly, in the first half of 2022: SeABank's total assets reached US$ 9.82 billion; Pre-tax profit reached nearly US$ 20 million; Total Operating Income (TOI) reached US$ 215 million; Non-interest income (NoII) recorded a growth of US$ 74.2 million.
  • Notably, cost-to-income ratio (CIR) dropped to 30.3% compared to 38.3% as of 2021's first half; NPL ratio decreased to 1.6%.
  • Additionally, SeABank issued 211.4 million shares for dividend payment and 109.7 million shares to increase share capital from stakeholders' equity.

SeABank reached nearly US$120 million pre-tax profit, exceeded 2022's First half business plan

Retrieved on: 
Thursday, July 14, 2022

HANOI, Vietnam, July 14, 2022 /PRNewswire/ -- Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its First half 2022 business results.

Key Points: 
  • HANOI, Vietnam, July 14, 2022 /PRNewswire/ -- Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its First half 2022 business results.
  • Accordingly, in the first half of 2022: SeABank's total assets reached US$ 9.82 billion; Pre-tax profit reached nearly US$ 20 million; Total Operating Income (TOI) reached US$ 215 million; Non-interest income (NoII) recorded a growth of US$ 74.2 million.
  • Notably, cost-to-income ratio (CIR) dropped to 30.3% compared to 38.3% as of 2021's first half; NPL ratio decreased to 1.6%.
  • Additionally, SeABank issued 211.4 million shares for dividend payment and 109.7 million shares to increase share capital from stakeholders' equity.

Fentura Financial, Inc. Announces Quarterly Dividend

Retrieved on: 
Friday, April 29, 2022

FENTON, Mich., April 29, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.09 per share for shareholders of record as of May9, 2022, and payable May16, 2022.

Key Points: 
  • FENTON, Mich., April 29, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.09 per share for shareholders of record as of May9, 2022, and payable May16, 2022.
  • Fentura Financial, Inc. is the holding company for The State Bank.
  • The State Bank is a full-service, 5-Star Bauer Financial rated commercial, retail and trust bank headquartered in Fenton, Michigan.
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.