OXFORD, Mich., Jan. 31 /PRNewswire-FirstCall/ -- The board of directors
of Oxford Bank, a subsidiary of Oxford Bank Corporation (OTC Bulletin
Board: OXBC), announced today the appointment of Jerry V. Farstvedt to
senior loan officer. His responsibilities will include the supervision of
all activities related to the Bank's commercial banking and consumer loan
departments, the Bank's mortgage subsidiary Oxford Bank Mortgage Services,
L.L.C., and its compliance and loss prevention apparatus.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080131/CLTH072 )
Mr. Farstvedt began his 18-year career with Oxford Bank as an assistant
vice president and commercial loan officer in August of 1988. He was
promoted to vice president in December of 1995 and to senior vice president
in January of 2004. In addition, Mr. Farstvedt was designated manager of
the Bank's commercial banking department in 1996.
A community banker for over 34 years, and commercial lender and manager
for over 27 years, Mr. Farstvedt joined Oxford Bank after spending nearly
16 years in various positions with a larger, southeastern Michigan-based
bank. A long-time resident of Orion Township, he is a past president and
past board member of the Oxford Community Development Authority.
Jeffrey M. Davidson, chairman, president, and chief executive officer
of Oxford Bank, announced the appointment and commented, "Jerry has been a
valuable and dedicated member of our senior management team for many years.
He is an outstanding and respected community banker who has met every
challenge that has been entrusted to him throughout his tenure with this
organization. I am confident that he will, once again, excel in his new
area of responsibility. And, I look forward to working with him as we
reposition the Bank to address those difficulties that the local economy
continues to present."
Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered
holding company. It is the oldest commercial bank in Oakland County and
operates eight full-service offices in Clarkston, Davison, Dryden,
Goodrich, Lake Orion, Oakland Township, Ortonville and Oxford. It also
manages a consumer lending center in Oxford and a commercial banking office
in Lake Orion. The Bank has operated continuously under local ownership and
management since it first opened for business in 1884. For more information
about Oxford Bank and its complete line of financial services, please visit
http://www.oxfordbank.com.
SOURCE Oxford Bank Corporation
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Related links:
http://www.oxfordbank.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20080131/CLTH072
AP Archive: http://photoarchive.ap.org AP PhotoExpress
Network: PRN7 PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Anthony P. Lasher of Oxford Bank Corporation,
+1-248-628-2533, +1-248-969-7230 (fax)
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