The State Bank has been awarded Innovator of the Year
LANSING, Mich.- The Michigan Bankers Association (MBA) honored 20 Michigan banks for their outstanding financial literacy initiatives at the annual MBA Bankers Education Summit & Trade Show (BEST) Conference held in Traverse City. The prestigious awards presented included the Financial Literacy Award and the Innovator of the Year Award.
The MBA Financial Literacy Award and Innovator of the Year Award celebrate member banks for their exceptional contributions to financial literacy education and community engagement.
"The MBA takes great pride celebrating the recipients of the Financial Literacy Award for their unwavering dedication to advancing financial literacy. These distinguished banks stand as a shining example of the remarkable initiatives they undertake daily within their communities across Michigan. We commend the recipients for their tireless efforts in fostering financial education, a cornerstone in empowering individuals and communities. Through their impactful programs and community engagement, these banks are integral contributors to the well-being and prosperity of the people they serve. The MBA remains committed to celebrating and supporting such exemplary work, recognizing that the ripple effect of financial literacy extends far beyond the individual, creating a more informed and economically resilient society," affirmed T. Rann Paynter, President and CEO, MBA.
The recipients of the 2023 MBA Financial Literacy Awards are Bayport State Bank, Century Bank and Trust, ChoiceOne Bank, County National Bank, First Independence Bank, Highpoint Community Bank, Huntington Bank, Huron Valley State Bank, Independent Bank, Isabella Bank, Mercantile Bank, NorthPointe Bank, Oxford Bank, Range Bank, Southern Michigan Bank & Trust, Sturgis Bank and Trust, The State Bank, Thumb Bank & Trust, University Bank, and West Shore Bank.
The 2024 MBA Financial Innovator of the Year award was presented to The State Bank. This recognition stems from The State Bank's collaboration with The City of Flint's Lead-Based Paint Hazard Control for the implementation of the Basic Needs Program. The State Bank provided grants to address property tax shortfalls, assisting participants in meeting program requirements. Twelve financial literacy participants received grants totaling $14,000, resulting in $463,500 in home improvement repairs for properties in low-to-moderate census tracts.
MBA commends all banks for their unwavering commitment to providing Michiganders with the essential financial education for a successful future. For further details, click here.
About the Michigan Bankers AssociationThe Michigan Bankers Association (MBA), the voice of the banking industry since 1887, consists of Michigan financial institutions with more than 2,800 branches located throughout the state. The MBA promotes strong communities and economic activity in Michigan by advancing a positive business environment. MBA assists banks by offering products and services to reduce expenses and increase profitability through the strength of the association. For more information, visit michigan.bank. ###
