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2445 84th St. SW Byron Center, MI 49315 MI Tel. 616-878-1591 Fax 616-878-4418 |
Type: Public
On the web:
http://www.bankatbyron.com
Employees:
253
Employee growth: 4.1%
O.A.K. Financial is A-OK. The holding company owns Byron Bank, which serves western Michigan through about a dozen branches. It offers standard banking services such as checking and savings accounts, certificates of deposit, and credit cards. Commercial real estate loans comprise nearly 60% of the bank's lending portfolio; business loans account for about 25%. The bank also writes residential mortgages and consumer loans. Subsidiary Byron Investment Services provides mutual funds, investment management, and brokerage services through an agreement with Raymond James Financial, while Byron Insurance sells personal and commercial coverage.
Key numbers for fiscal year ending December, 2008:
Sales: $29.7M
One year growth: (6.7%)
Net income: $1.5M
Income growth: (77.2%)
Officers:
President, CEO, and Director; President and CEO, Byron Bank: Patrick K. (Pat) Gill
EVP, COO, and CFO, O.A.K. Financial and Byron Bank: James A. Luyk
VP, Marketing: Jodi Sevigny
Competitors:
JPMorgan Chase
Macatawa Bank
Mercantile Bank
