Lotus Bank

Status:Inactive as of 02/28/2015
 Merger - Without Assistance
Successor Bank:Level One Bank
Headquarters:Lotus Bank
44350 West 12 Mile Road
Novi, MI 48377
Established:02/28/2007
FDIC Insurance:02/28/2007
FDIC Cert:#58340
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$107,515,000
Total Deposits:$93,339,000

History

2007-02-28Institution established: Original name:Lotus Bank
2015-02-28Merged into and subsequently operated as part of Level One Bank (58604) in FARMINGTON HILLS, MI
2016-03-01Acquired Bank of Michigan (57861) in FARMINGTON HILLS, MI
2020-01-02Acquired Ann Arbor State Bank (58889) in ANN ARBOR, MI
2022-04-01Merged into and subsequently operated as part of First Merchants Bank (4365)

Financial Information (2014-12-31 and Older)