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February 14, 2016 1:30 AM ET

Banks

Company Overview of Northern Michigan Bank & Trust

Company Overview

Northern Michigan Bank & Trust offers personal and commercial banking services. The bank was founded in 1974 and is based in Escanaba, Michigan. Northern Michigan Bank & Trust operates as a subsidiary of Northern Michigan Corporation.

723 Ludington Street

Escanaba, MI 49829

United States

Founded in 1974

Key Executives for Northern Michigan Bank & Trust

Chief Executive Officer, President and Director
Compensation as of Fiscal Year 2015.

Northern Michigan Bank & Trust Key Developments

Northern Michigan Bank & Trust Names Michael Nardi as President, CEO and Director

Northern Michigan Bank & Trust named Michael Nardi president, CEO and director. Nardi assumed his new position Oct. 20. Nardi served as bank president and CEO for 25 years before joining Northern Michigan Bank.

First Federal of Northern Michigan Bancorp, Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2013

First Federal of Northern Michigan Bancorp Inc. reported financial results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net loss of $191,835, compared to $817,507 for the same quarter ended December 31, 2012. Net interest income for the fourth quarter ended December 31, 2013 was $1.80 million, compared to $1.80 million for the same quarter ended December 31, 2012. Net income for the year ended December 31, 2013 was $54,753, compared to a net loss of $214,006 for the year ended December 31, 2012. Net interest income for the year ended December 31, 2013 was $7.17 million, compared to $7.59 million for the year ended December 31, 2012.

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