The Staff at Sturgis Bank have secured Paycheck Protection Program (PPP) loans through the
Small Business Administration (SBA) for 458 businesses throughout our communities. This
amounts to $33,337,027 in loans and over 4500 jobs protected for our local residents.
“I’m proud of our staff and the way they proactively worked to ensure our businesses got the
relief needed through the CARES Act. Their efforts have been appreciated and gratitude
expressed by the many business owners that have secured loans. I express my gratitude for the
other financial institutions that stepped up and helped businesses secure loans. Banks were not
mandated to participate, but as a Community Bank we knew it was the right thing to do,” said
Eric Eishen, President and CEO.
“We opened the door to both existing customers and non-customers in our region with 100% of qualifying
applicants receiving approval. This success rate is a testament to our energetic staff who worked countless
hours, nights and weekends pouring over PPP applications, and to our existing customers who completed
applications patiently and efficiently so that together we could do our part for the entire community,” said
Matt Scheske, Senior Vice President.
Sturgis Bank and its subsidiaries Oakleaf Financial Services, Inc., Oak Mortgage, LLC, Oak Insurance
Services, LLC, and Oak Title Services, LLC. serve Southwest MI.
For additional information, visit our website at www.sturgisbank.com.