Bank of Lenawee Announces Plan to Open Three New Branches
September 19 2006 - 10:41AM
PR Newswire (US)
ADRIAN, Mich., Sept. 19 /PRNewswire-FirstCall/ -- Pavilion Bancorp,
Inc. (OTC:PVLN) (BULLETIN BOARD: PVLN) , the parent company of the
Bank of Lenawee, is pleased to announce its plan to open three new
branches in 2007 and 2008. The first new branch, slated to open in
January of 2007, will be located in Hillsdale, Michigan. The other
two branches will be built in Tecumseh and Adrian, Michigan and are
anticipated to open in the summer of 2007 and spring of 2008,
respectively. Bank of Lenawee currently has a network of seven
facilities with offices in Lenawee and Hillsdale counties. "We are
extremely excited to announce our plans for future growth and
service expansion in the Lenawee County and Hillsdale County
areas," said Richard J. DeVries, President & CEO of Pavilion
Bancorp and Bank of Lenawee. "This is all part of a master plan to
expand our presence in the markets we serve." The Bank has selected
a site on West Chicago Boulevard (between Pamida and the Tecumseh
Inn) as the site for its second Tecumseh branch. The Bank's first
Tecumseh branch is located at 501 East Chicago Boulevard. Bank of
Lenawee has also signed a purchase agreement to acquire the land at
the corner of U.S. 223 and Treat Highway, adjacent to Kohl's
department store, on which to build its fourth facility in Adrian.
In Hillsdale County, the Bank has selected a site located at 8
Carleton Road in the City of Hillsdale for its new Hillsdale
office. The Bank currently has one existing branch in Hillsdale
County in the Village of Waldron. "We look forward to sharing the
details of our new branches with the communities of Lenawee and
Hillsdale Counties," said DeVries. "Our new branch facilities will
provide additional conveniences to our existing and future
customers, while enabling us to further our strong commitment to
the communities that we serve and support." About Pavilion Bancorp,
Inc. Pavilion Bancorp, Inc. is the parent company of Bank of
Lenawee. Pavilion Bancorp, Inc. is traded on the OTC Bulletin Board
under the symbol PVLN. Ferris, Baker and Watts of Dublin, Ohio, is
the primary market maker in the stock. Investor relations
information is available at http://pavilionbancorp.com/ . This
press release contains certain forward-looking statements that
involve risks and uncertainties. Any statements in this press
release that are not historical facts are forward-looking
statements. Such statements are subject to certain risks and
uncertainties which could cause actual results to differ materially
from those expressed or implied by such forward-looking statements,
including but not limited to, difficulties the company could
encounter in starting the branches as well as economic and
competitive factors affecting the company's operations and markets.
Readers are cautioned not to place undue reliance on these
forward-looking statements. DATASOURCE: Pavilion Bancorp, Inc.
CONTACT: Richard J. DeVries, President & CEO, or Melissa A.
Covell, Corporate Secretary, , of Pavilion Bancorp, Inc.,
+1-517-266-5035 Web site: http://www.pavilionbancorp.com/
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