Huron Valley State Bank announces new capabilities to its mobile banking application available for Smartphone and tablet users.  The Bank’s new Mobile Deposit feature allows customers to upload and deposit checks into their bank account.

Huron Valley State Bank hosted a Ribbon Cutting Ceremony and Grand Re-Opening Celebration on Tuesday, September 19 for the newest Automatic Teller Machine (ATM) located across the parking lot directly in front of Holden’s Party Store. The original ATM was attached to the storefront which was destroyed by the fire that took place on September 2, 2015. The new and improved ATM was designed to provide easy access to commuters on Milford Road and provide consumers visiting Holden’s with a convenient way to access money.

Huron Valley State Bank will host a community document shredding event that will take place on Tuesday, August 15, from 9:00 am – 11:00 am at the Milford and Highland Branches. The community is welcomed to shred confidential documents safely and securely free of charge (up to four banker boxes per person or business, and up to shredding truck capacity). The shredding event is taking place on the same day as the bank’s 12 year anniversary.

Huron Valley Bancorp, Inc had a strong third quarter with net income of $348,000 or $0.41 per share. For the nine months ending 9/30/17 net income was $930,000 reflecting a 28% increase in earnings over the previous year. The continued strong earnings trend is reflected in higher ROAE and ROAA numbers for the quarter and year-to-date as well. Earnings per share for the nine months ending 9/30/17 is $1.08 compared to $0.85 in the same timeframe of 2016. The Bancorp’s total assets ended the quarter at $140,821,000, an increase of 12% from Q3 2016. Loan activity remains good with core growth of 9.0% from one year earlier, and 4.8% year-to date.

Huron Valley Bancorp, Inc. (NASDAQ: HVLM),The holding company for Huron Valley State Bank, announces the purchase of 49% of its stock from its largest shareholder John H. Welker, and the simultaneous sale of the shares to twenty individual accredited investors. Terms of the sale were not disclosed. Mr. Welker was one of the Bank’s founding members and has served as director since that time. As part of the transaction Mr. Welker has resigned his position as director of the holding company and Bank but will remain a valued friend of the organization. “Mr. Welker was largely responsible for establishing the bank in 2005 and has been a strong advocate for community banking. I greatly appreciate all of the support and guidance Mr. Welker has provided over the last eleven years” said Jack Shubitowski, President and CEO.