Level One Bancorp, Inc. to Enter Grand Rapids Market

Expansion reinforces Level One’s commitment to growth, community banking in Michigan

Patrick J. Fehring, President and CEO of Level One Bancorp, Inc. (Level One Bank) announced today that the bank plans to enter into the Grand Rapids marketplace.

On September 1st, Level One Bank will acquire the lease of a currently vacant bank branch property located at 2355 Burton Street SE on Grand Rapids’ east side. Over the next several months, the 7,000 square foot building will be updated and remodeled with a branch opening date scheduled for early December.

“Grand Rapids has one of the strongest and fastest growing economies in the nation, one of the lowest unemployment rates, and is well recognized as one of the best places to live in the country,” said Fehring. “We are incredibly attracted to the robust market that Grand Rapids offers for a community bank and we look forward to serving this city well with an eye toward future expansion here.”

Said Tim Mackay, Executive Vice President of Consumer Banking: “Having lived and worked in the Grand Rapids community for over a decade prior to joining Level One, it is exciting to return to my roots and once again serve this quality market and its quality people. There is a great need here for a new, Michigan-based community bank. We plan to fill that need.”

In the coming weeks, Level One Bank plans to hire 12-13 banking professionals from the Grand Rapids area, including: Commercial Lenders, Mortgage Loan Originators, Business Development Officers and other branch personnel, including a Banking Center Manager. Employment inquiries can be made at: 248-737-0300.

Level One Bank currently operates ten full-service banking centers throughout the Metro Detroit region. Level One Bank has been recognized both locally and nationally as the U.S. Small Business Administration’s (SBA) ‘Community Lender of the Year’ and ‘Export Finance Lender of the Year’, Inc. Magazine’s list of 5,000 ‘Fastest Growing Private Companies in America’, one of American Banker’s ‘Best Banks to Work For’, and ranks 10th in the nation among best-performing community banks as published by S&P Global Market Intelligence.

About Level One Bank

Level One Bank is a full-service, 5-Star BauerFinancial rated commercial and consumer bank headquartered locally in Farmington Hills, Michigan with assets of approximately $1.0 billion. It currently operates ten full-service banking centers located throughout the Metro Detroit region. Level One’s Commercial Division provides a complete menu of products including lines of credit, term loans, leases, commercial mortgages, SBA loans, Export-Import Financing and a full suite of Treasury Management services. The Consumer Division offers personal savings and checking accounts and a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One Bank offers a variety of online banking services and a robust mobile banking application for individuals and businesses. Level One Bank offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, please visit www.levelonebank.com.

Tim Mackay joins Level One Bank as Senior Vice President of Retail Banking

Level One Bank, one of Oakland County’s largest community banks, has hired Timothy R. Mackay as Senior Vice President of Retail Banking. The announcement was made by Patrick J. Fehring, President & CEO of Level One Bank.

In his new position, Mackay will focus on the Retail division in an effort to grow and develop consumer banking for Level One Bank. Currently operating seven banking centers, primarily in Oakland County, Mackay plans to cultivate a new service model and improve product offerings.

“As we continue our robust growth in Southeastern Michigan, we remain committed to the quality of our products, services, and team members,” said Fehring. “Tim brings an abundance of retail leadership experience along with high integrity and an inherent customer service orientation. He is an outstanding addition to our executive team and we look forward to his contributions.”

Prior to joining Level One, Mackay served for seven years as SVP/ Retail Executive at a bank in South Florida where he was responsible for the leadership and financial success of 63 banking centers and the management of over 400 employees. Mackay also worked for ten years as VP, Retail Regional Manager for a Michigan-based bank prior to his time in Florida.

Mackay graduated from Hope College with a B.A. in Business Administration. He currently resides in Novi with his wife, Tricia, and their teenage quadruplets.

Level One Bank moves into new corporate headquarters in Farmington Hills

Level One Bank, one of Oakland County’s largest community banks, has moved into its new corporate headquarters, located at 32991 Hamilton Court in Farmington Hills (off 12 Mile Road east of Farmington Road). The newly renovated, 92,000 sq. ft. building brought together Level One team members from two separate corporate office locations in Farmington Hills.

The new office buildout, encompassing three floors, allowed Level One to create a unique workspace for its employees with an open floor plan designed to promote teamwork and enhance customer service. Level One teams were actively involved in the planning process and were entrusted to make decisions on furniture and finishes throughout the space, ensuring an employee friendly work environment. Some features of interest include collaborative meeting areas and conference rooms, many with floor-to-ceiling whiteboard/brainstorming walls, an exercise room and frosted glass applications in offices and workstations to optimize natural light.

“Joining our teams together has brought a new, positive energy to our entire organization, including new workplace dynamics that will ultimately improve productivity and service to our customers,” said Patrick J. Fehring, Level One Bank President and CEO. “Our goal was not only to create a space that would increase efficiencies and teamwork, but to create an environment that employees and customers can call home.”

Level One Bank’s new HQ features Zeeland, Michigan-based Herman Miller Systems Furniture, coordinated through Facility Matrix Group in Pontiac. Kraemer Design Group in Detroit handled the facility’s innovative interior design, while Metro Detroit’s Sachse Construction completed the office build out.
The headquarters move does not affect any of the Level One Bank branches. The branches at Level One’s two previous Farmington Hills office locations are continuing to operate as usual.

Oxford Bank Corporation shareholders approve definitive agreement to merge with Level One Bancorp, Inc.

Today, the shareholders of Oxford Bank Corporation (Oxford) approved a definitive agreement under which Oxford will merge into Level One Bancorp, Inc. (Level One). This deal will create one of the largest, locally owned independent community banks in Oakland County. The announcement was made by James Bess, President and CEO of Oxford Bank and Patrick Fehring, President and CEO of Level One Bank.
In September, the two banks announced plans to merge Oxford Bank operations with Level One Bank, following the unanimous approval of the Boards of Directors of both financial institutions. With today’s approval by Oxford shareholders, the sale is now subject to approval by the Federal Reserve Bank of Chicago, the Michigan Office of Finance and Insurance Regulation and the FDIC, as is customary in such transactions. It is anticipated that this process will be completed by the 1st quarter of 2013. Upon closing, the two institutions will have combined assets of approximately $750 million, including 15 bank branches.
“We greatly appreciate the confidence the shareholders have placed in Level One and our growing relationship with Oxford and the surrounding communities,” said Patrick Fehring, President and CEO of Level One Bank. “We look forward to building upon their nearly 130-year tradition of service while bringing new resources – including residential and mortgage services, business loans and Treasury Management services – to the community.”

“Our shareholders’ show of support demonstrates we are moving in the right direction,” said James Bess, President and CEO of Oxford Bank. “Joining forces with Level One will provide the capital, infrastructure and resources necessary to continue our heritage as a full-service community bank focused on the customers in our backyard.”

Founded in 2007, Level One Bank has completed two prior acquisitions in the past five years, including Michigan Heritage Bank in 2009 and Paramount Bank in 2010. Advisors for the latest acquisition for Level One include the financial firm of Sterne, Agee & Leach, Inc. and the law firm of Howard & Howard. For Oxford, Austin Associates LLC, served as financial advisors with Shumaker, Loop & Kendrick LLP, providing legal counsel.

About Level One Bank
Level One Bank is a full-service, 5-Star BauerFinancial rated commercial and consumer bank committed to connecting with unparalleled service and delivering outstanding financial solutions. Owned and managed locally, Level One Bank is headquartered in Farmington Hills, Michigan with assets of approximately $500 million. It currently operates seven full-service banking centers, located throughout Oakland County and the surrounding communities. Level One’s Commercial Division provides a complete menu of products including lines of credit, term loans, commercial mortgages, SBA loans, Export-Import Financing and a full suite of Treasury Management Services. The Consumer Division offers personal savings and checking accounts, including free checking and competitive interest-bearing accounts such as Money Markets, IRAs, and CDs. The bank also provides a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur.
For more information, please visit www.levelonebank.com.

About Oxford Bank
Oxford Bank Corporation is a registered holding company. Its subsidiary, Oxford Bank, is the oldest commercial bank in Oakland County, celebrating its 128th year in 2012. In recent years, the Bank has been voted the Best Bank in Oakland County by the readers of the Oakland Press and earned the 1st Place Readers Choice for Best Bank by the readers of the Oxford Leader and the Lake Orion Review. It operates eight full-service offices in Clarkston, Davison, Dryden, Goodrich, Lake Orion, Oakland Township, Ortonville and Oxford, along with 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, please visit www.oxfordbank.com.