Community Unity Bank, a new state-chartered bank that will expand access to banking services, has opened in Birmingham at 34040 Woodward Ave., just north of East Lincoln Street.
The bank has assets of more than $25 million, is located in a 4,500-square-foot space, and has 13 employees. It is Michigan’s second new depository bank to open in four years.
“The opening of Community Unity Bank will provide area residents with increased options to access financial services and tools to build stronger financial futures for themselves and their families,” says Anita Fox, director of The Michigan Department of Insurance and Financial Services in Lansing.
“DIFS is pleased to oversee the continued growth of banking access in our state. Locally based community banks promote economic growth and community development within the markets they serve.”
The Office of Banking ensures that Michigan’s state-chartered banks, savings banks, and Business and Industrial Development Companies are operating safely and soundly, that public confidence in the financial system is maintained, and that the interests of depositors, creditors, and shareholders are protected.
“We pride ourselves on providing exceptional support and supervision to the growing number of Michigan banks we regulate,” says Aaron Luetzow, director of DIFS’s Office of Banking. “Employees and customers of Community Unity Bank can have confidence that they will be supported by a team of dedicated and local Michiganders.”
More information will be released by the bank in the next few weeks. The bank has a website that will be activated shortly.
