Bank of Ann Arbor Launches Asset-Based Lending Group

Bank of Ann Arbor launched a new asset-based lending group, stationed in its new branch office in Birmingham, MI. Bank of Ann Arbor acquired this new branch location, which houses retail banking, commercial lending and asset-based lending, from Nicolet National Bank after it was formerly part of mBank.   

“We are excited to join the very successful team at Bank of Ann Arbor who have built a welcoming culture for its clients, employees, and community,” Ed Lewan, president of asset-based lending at Bank of Ann Arbor, said. “Asset-based lending offers another banking solution for organizations with special circumstances. Our team works directly with the client to assess their needs and find a solution.”  

Lewan joined Bank of Ann Arbor with more than 35 years of banking experience, most of which has been in asset-based lending.

“Bank of Ann Arbor welcomes Ed and his team, who have had great success with their asset-based lending customers over the years” Tim Marshall, president and CEO of Bank of Ann Arbor, said. “We are grateful to add an exceptionally talented team and a product line that can be leveraged across the bank platform.”