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Founders

Company

Bank of Ann Arbor

125 S Fifth Ave
Ann Arbor, MI 48104

Patti Judson

What educational, entrepreneurial or business development programs, if any, have you taken advantage of?
Many of our staff members participate in educational programs offered through the Michigan Bankers Association, various college courses and seminars or classes provide by companies like Dale Carnegie for example. We have also found that participating in networking events proves to be educational in helping grow our knowledge of the market areas we serve and increases our understanding of the business needs of our communities.

Who was your first customer and where did you find them?
As much as we would like to disclose this information we are not at liberty to disclose any customer information for privacy purposes. We can tell you that our first business client continues to do business with us.

Where did you find your first employee?
Our first employee had been employed with another local bank.

Have you promoted an intern to employee status, and if so how many times have you done it?
We have had two occasions where individuals worked as an intern and are now employed with Boaa. One is employed full time in our Trust and Investment area and another in our Loan support group.

Where have you turned to find capital to grow your company and which institutions have provided it?
Bank of Ann Arbor is a locally owned business with over 300 shareholders. We are very fortunate, as a true community bank to have a mission which is focused on helping our communities grow and prosper. Our mission and our superior financial performance continues to provide us with unique access to private investor capital.

What is one thing Michigan does better or has going for it that other more successful regional economies don't?
Michigan is clearly a state with world renowned resources from the Great Lakes, to manufacturing, to research, to education, to individual wealth, to arts, to recreation, and many more. Our great resources have set us apart for many decades in quality life standards. However, in many ways we have become victims of our own success and are now faced with huge economic and structural challenges. The one thing that differentiates Michigan today from other more successful regions is our vast potential to reinvent our economy, to leverage our resources, and to create a uniquely Michigan 21st Century quality of life.

What advice would you give to someone who was thinking about opening a business here?
We would highly encourage anyone that is interested in opening a business, relocating a business, or expanding a business to consider Michigan, its vast resources, its Midwestern culture, and its quality of life heritage, to get engaged in community at the local level and to become part of the exciting and potentially rewarding reinvention of Michigan for the 21st Century.


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