Wednesday, Jul 27, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

MBT Financial returns to black

MONROE - MBT Financial Corp., which owns Monroe Bank & Trust, reported yesterday that it had a profit of $3.5 million, or 21 cents a share, for the second quarter, up from a loss of $3.6 million, or 21 cents a share, for the same period a year ago.

The Michigan company said interest rates and poor economic conditions in southeast Michigan have hindered the bank's growth. Net interest income was $10.7 million for the quarter, down from $11.2 million for the prior quarter, and assets were $1.52 billion, compared with $1.55 billion at the end of the first quarter.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…