FARMINGTON HILLS, Mich., July 20, 2021 (GLOBE NEWSWIRE) – Level One Bancorp, Inc. (the “Company”) (Nasdaq: LEVL), parent company of Level One Bank (the “Bank”), announced today that Timothy R. Mackay, who currently serves as Executive Vice President of the Bank, has been elevated to the positions of President of the Company and of the Bank, effective July 16, 2021. Patrick J. Fehring will continue to serve his duties as Chairman of the Board and Chief Executive Officer of the Company and of the Bank.
Mr. Mackay has been the Bank’s Executive Vice President, Director of Consumer Banking Services since 2013, where he is responsible for the strategic direction of the Bank’s consumer banking division, including branch banking, small business banking, residential mortgages and marketing. Prior to joining the Bank, he spent more than 20 years in various management positions with Fifth Third Bank. Mr. Mackay received his Bachelor of Business Administration from Hope College.
“We are pleased to have someone with the experience and leadership qualities that Tim has demonstrated throughout his tenure,” said Mr. Fehring. “I have worked closely with Tim for many years and he has been very successful in managing growth across his various lines of business. “
Mr. Fehring said, “Promoting Tim to President will strengthen our commitment to our clients as we move forward in executing our business plans. Tim has worked closely with the management team since joining and I expect his transition to this role to be smooth. He is a highly qualified leader who knows our company and the Bank well. I have no doubts 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 of Level One Bank, a Michigan-based full-service commercial and consumer bank with assets of approximately $ 2.57 billion as of March 31, 2021. It operates sixteen banking centers in 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 “Community Lender of the Year” by the US Small Business Administration (SBA), one of the “200 Best Community Banks in the Nation” d ‘American Banker Magazine, one of “Best and Best, Brightest Companies to Work For” and more. Level One Bank’s business banking division offers a wide range of products, including lines of credit, term loans, leases, commercial mortgages, SBA loans, MEDC loans, export-import finance. and a full range of cash management services. The Consumer Banking division offers a line of personal check, savings and CD products and a full line of consumer loan products, including residential mortgages, construction loans and home improvement 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 large bank, the heart of a community bank and the spirit of an entrepreneur. For more information visit www.levelonebank.com.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the current views of management on future events and operations. These forward-looking statements are based on information currently available to the Company at the date of this press release. Forward-looking statements can generally 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 risks 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 in laws, regulations or federal, state or local ordinances relating to the pandemic, the ability of the Company to implement its strategy and to expand its operations from loan, interest rate and other changes, business and political conditions, including changes in financial markets, changes in benchmark interest rates used to price loans and deposits, including the planned elimination of LIBOR, and changes in tax laws, regulations and guidelines, as well as other risks described in filings with Securities and Excha nge Commission. The Company assumes no obligation to update or revise forward-looking statements to reflect changes in assumptions, the occurrence of unforeseen events or otherwise.
CONTACT: Media Contact: Nicole Ransom (248) 538-2183 Investor Relations Contact: Peter Root (248) 538-2186