Sturgis Bancorp Inc. (STBI)

Overview

Sturgis Bancorp, Inc., founded in 1905 and headquartered in Sturgis, Michigan, serves as the parent company for Sturgis Bank & Trust Company, offering a broad range of banking and financial services across Michigan, United States. With a strong community banking focus, the organization is committed to providing personal and commercial banking solutions through its extensive network of 14 bank facilities and 4 standalone ATMs spread across 12 communities in Michigan. Sturgis Bancorp, Inc. continues to support the financial needs of its customers by combining traditional banking products with modern financial services.

Products and Services

Sturgis Bancorp, Inc. provides a comprehensive suite of banking products and services tailored to meet the diverse needs of its customers, including:

• Banking Accounts: The company offers various types of accounts such as checking, savings and health savings, and money market accounts, alongside certificates of deposit and individual retirement accounts to cater to the savings and investment needs of individuals and businesses.
• Loan Services: A wide range of loan options is available including mortgage, automobile, savings secured, personal, home equity, equipment and machinery, government supported, and commercial real estate loans. Additionally, they offer home equity lines of credit and business lines of credit, providing flexible financing solutions for personal and commercial purposes.
• Credit Cards: Sturgis Bancorp, Inc. issues credit cards, offering convenience and financial flexibility to its customers.
• Private Banking and Transaction Services: The company provides private banking services, cashier checks, wire transfers, foreign drafts and currency exchange services, along with overdraft protection, night depository, and notary services. Safe deposit boxes are also available for securing valuable items and documents.
• Remote and Digital Banking Services: To accommodate the evolving digital needs, it offers direct deposit, remote deposit capture, and online and mobile banking services including bill pay and mobile wallet for easy access to banking services anytime, anywhere.
• Investment and Insurance Services: Investment and financial-advisory services are offered to help customers plan for their future. The bank also provides commercial and consumer insurance and title insurance products, supporting customers’ needs for security and risk management.
• Estate and Asset Management Services: Comprehensive services including estate settlements, trust administration, record keeping, investment management, and custody services are provided to assist customers in managing their assets effectively.
• Cash and Treasury Management: Tailored solutions for cash and treasury management are designed to help businesses manage their finances efficiently and effectively.