Bank of Michigan

Consumer Loans

Our knowledgeable staff is here to help you with all of your credit needs, from acquiring real estate to funding your child's education.

We can access any of the traditional loan products. In addition, we have an array of customized products which include:

Equity Lines

Equity lines offer a low interest rate tied to The Wall Street Journal prime rate and feature monthly, interest-only payments (if you qualify). You can easily access your account with convenience checks.

Lines of Credit

This unsecured line of credit is tied to The Wall Street Journal prime rate and offers interest-only payments (if you qualify), plus easy access via convenience checks.

Term Loans

We offer a variety of term loans, both unsecured and secured, to meet your unique needs. A variety of options are available to secure your loan when required.


Whether it's for your primary or secondary residence, we can provide a fixed or variable mortgage at a competitive rate with terms you can live with.

* All loans are subject to credit approval.

Bank of Michigan President Michael G. Sarafa

Letter from the President

Welcome to the new Bank of Michigan website. We hope you find it fresh and easy to use. It is our goal to create positive customer experiences for every transaction from internet banking to a personal visit with us at the bank. Our experienced and dedicated team of bankers is ready to offer creative solutions to meet your banking needs.

At Bank of Michigan, we take great pride in our core values: integrity, loyalty, community, responsiveness and maximizing success. We take these principles very seriously. They drive our mission, purpose and values. Our Board of Directors and staff personally stand behind these commitments.

Thank you for visiting us and do not hesitate to contact me if I can assist you in any way.

Michael G. Sarafa, President