Level One Bancorp, Inc. Announces Promotion of Timothy R. Mackay to President of the Company and Bank
20 Julio 2021 - 3:10PM
Level One Bancorp, Inc. (the “Company”) (Nasdaq: LEVL), parent
company of Level One Bank (the “Bank”), today announced that
Timothy R. Mackay, who currently serves as Executive Vice President
of the Bank, has been elevated to the positions of President of
both the Company and the Bank, effective as of July 16, 2021.
Patrick J. Fehring will continue in his roles as Chairman of the
Board and Chief Executive Officer of both the Company and the Bank.
Mr. Mackay has served as the Bank’s Executive Vice President,
Consumer Banking Officer since 2013, where he has been responsible
for the strategic leadership of the Bank’s Consumer Banking
Division, including branch banking, small business banking,
residential mortgage and marketing. Prior to joining the Bank, he
served for over 20 years in various leadership positions with Fifth
Third Bank. Mr. Mackay received his B.A. in business administration
from Hope College.
“We are pleased to have someone with the experience and
leadership qualities that Tim has shown throughout his tenure,”
noted Mr. Fehring. “I have worked closely with Tim for many years
and he has achieved great success in managing growth within his
various lines of business.”
Mr. Fehring said, “Tim’s promotion to President will enhance our
commitment to our customers as we move forward in executing our
business plans. Tim has been working closely with the executive
team since his arrival and I expect his transition into this role
to be smooth. He is a strongly qualified leader who knows our
Company and the Bank well. I am confident that he will serve the
Company and the Bank effectively in his new position.”
About Level One Bancorp, Inc.
Level One Bancorp, Inc. is the holding company for Level One
Bank, a full-service commercial and consumer bank headquartered in
Michigan with assets of approximately $2.57 billion as of March 31,
2021. It operates sixteen banking centers throughout Metro Detroit,
Ann Arbor, Grand Rapids, and Jackson and provides a variety of
commercial, small business, and consumer banking services. Level
One Bank’s success has been recognized both locally and nationally
as the U.S. Small Business Administration’s (SBA) “Community Lender
of the Year,” one of American Banker Magazine’s “Top 200 Community
Banks in the Nation,” one of Metro Detroit’s “Best & Brightest
Companies to Work For” and more. Level One Bank’s business banking
division provides a broad spectrum of products including lines of
credit, term loans, leases, commercial mortgages, SBA loans, MEDC
loans, export-import financing, and a full suite of treasury
management services. The consumer banking division offers a range
of personal checking, savings and CD products and a complete array
of consumer loan products including residential mortgages, new
construction and renovation loans, home equity lines of credit,
auto loans, and credit card services. Level One Bank offers a
variety of digital banking services including online banking,
robust mobile banking apps, online account opening and online loan
applications 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, visit
www.levelonebank.com.
Forward-Looking Statements
This release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995
that reflect management’s current views of future events and
operations. These forward-looking statements are based on the
information currently available to the Company as of the date of
this release. Forward-looking statements generally can be
identified by the use of forward-looking terminology such as
“will,” “propose,” “may,” “plan,” “seek,” “expect,” “intend,”
“estimate,” “anticipate,” “believe,” “continue” or similar
technology. It is important to note that these forward-looking
statements are not guarantees of future performance and involve
risk and uncertainties, including, but not limited to, the effects
of the COVID-19 pandemic, including its potential effects on the
economic environment, our customers and our operations, as well as
any changes to federal, state or local government laws, regulations
or orders in connection with the pandemic, the ability of the
Company to implement its strategy and expand its lending
operations, changes in interest rates and other general economic,
business and political conditions, including changes in the
financial markets, changes in benchmark interest rates used to
price loans and deposits including the expected elimination of
LIBOR, and changes in tax laws, regulations and guidance, as well
as other risks described in the Company’s filings with the
Securities and Exchange Commission. The Company does not undertake
any obligation to update or revise any forward-looking statements
to reflect changes in assumptions, the occurrence of unanticipated
events, or otherwise.
Media Contact:
Nicole Ransom
(248) 538-2183
Investor Relations Contact:
Peter Root
(248) 538-2186
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