Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 23, 2009, Richard W. Stafford, age 43, was appointed to the position of Senior Vice President and Chief Operating Officer of the Company. Mr. Stafford's preliminary appointment to these positions was originally reported on a Form 8-K filed by the Company with the Commission on October 7, 2009.
Mr. Stafford most recently served as the Senior Vice President of Retail Banking and Operations Services for the Bank, maintaining responsibility for the Bank's retail banking and various operational services areas. He has 21 years of banking experience and has been associated with the Company for four years through his affiliation with Metrobank, formerly a wholly-owned subsidiary of the Company. He has an MBA from Walsh College and is a graduate of the ABA Graduate School at Georgetown University. He has served in various retail banking, management, operational and IT positions at Metrobank, Comerica and Manufacturers Bank. Mr. Stafford serves on various chambers of commerce, and is an active "Wish Grantor" for the Make-A-Wish Foundation of Michigan.
Since the beginning of the Company's last fiscal year, Mr. Stafford, as well as certain members of his family, have been customers of, or have had transactions with, the Company, the Bank, or certain subsidiaries of Company or the Bank, which transactions have been in the ordinary course of business. Additional transactions may be expected to take place in the future. All such transactions were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral where applicable, as those prevailing at the time for comparable transactions with other persons, except for certain residential and consumer loans made pursuant to programs generally available to all employees of the Bank, and did not involve more than normal risk of collectability or present other unfavorable features.

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