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Lotus Bank Names Kenneth Alleman Senior Credit Administration Analyst

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Kenneth AllemanLotus Bank, a full-service commercial bank serving Southeast Michigan announced that it has named Kenneth S. Alleman its Senior Credit Administration Analyst.

Alleman has more than 25 years of experience in banking and finance, with a background in auditing, tax analysis, cash flow analysis, documentation, financial statement analysis, sampling and fraud prevention.

“We are pleased to announce Ken’s appointment,” said Neal Searle, president and CEO of Lotus Bank. “His decades of experience will allow Lotus Bank to continue to serve the community and grow as one of the premier commercial banks in the region.” 

Senior Vice President and Chief Lending Officer of Lotus Bank, John Westerheide added, “Ken’s addition to our team will further enhance our ability to provide outstanding customer service.” 

Located at 44350 W. 12 Mile Rd. in Novi, Lotus Bank was established in 2007 to serve the business and personal finance needs of Southeast Michigan, with a special focus within the Indian community. It has been recognized by the American Bankers Association as one of the top 100 banks and thrifts in the country, and is one of the most well capitalized banks in Michigan, with approximately $102 million in total assets.

Prior to joining Lotus Bank, Alleman served as an administration manager, auditor and analyst at prominent regional and national financial institutions. Alleman is a resident of New Hudson, Michigan.

About Lotus Bank

Established in 2007, Lotus Bank was founded by Indian-American business and medical industry leaders from southeast Michigan. Lotus Bank is a State chartered full service commercial bank headquartered in Novi, Michigan providing a broad range of commercial and consumer banking services to small and medium sized businesses, professionals and individuals including no-fee checking accounts, money market accounts, CDs, Small Business Administration (SBA) loans and construction loans. Operating branch offices in Novi and Farmington Hills, Lotus Bank is one of the most well capitalized banks in Michigan. In 2013, Lotus Bank was ranked number 14 by the American Bankers Association (ABA) in its list of Top 100 community banks in the U.S. in its “Banks and Thrifts Under $100 Million” category. For more information, please visit or call 248-735-1000. 



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