Rob Farr, chairman and CEO of Mi Bank located in Bloomfield Hills, announced Scot Lund’s appointment as executive vice president and director of small business lending. Lund will be responsible for introducing and overseeing a new digital platform that allows small businesses to obtain the credit needed to grow their businesses more quickly and efficiently.
Lund has experience as a financial and operational executive with a background that includes equipment finance, asset-based lending, credit underwriting, construction, manufacturing, foundries, hospitality, and more. Lund has recently served as division president of Crestmark Vendor Finance where he grew a sales team and built relationships with some of the largest and brokerage firms in the country.
“Scot is a seasoned banking executive who has significant experience in the small business digital space,” says Farr. “We feel very fortunate that he has joined our team, which is committed to becoming the preferred bank to business owners in the state of Michigan.”
Lund earned a bachelor’s degree in management from Central Michigan University and is also a past president of Leadership Oakland.
“Mi Bank is making a significant impact on metro Detroit’s business banking community through its tailored approach to service,” says Lund. “I’m excited to join this team and help launch a new platform that will help us deliver an even better banking experience for our clients.”
Mi Bank offers a range of products and services tailored to business owners. It was created to set a new standard of excellence for business banking by providing next-level commitment to service, personalization, flexibility, and responsiveness.