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Lotus Bank Blog

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Message From the President: Questions About the Level One Bank/Lotus Bank Announcement

Friday, November 21, 2014

Level One Bank and Lotus BankLotus Bank has entered into a definitive agreement with Level One Bank under which Lotus will merge into Level One. The Boards of Directors of both financial institutions have unanimously approved the purchase, but final approval must be obtained from the shareholders of Lotus, the Federal Reserve Bank of Chicago, the Michigan Department of Insurance and Financial Services and the FDIC. We anticipate final approval in early 2015. 

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FREE MOVIES During HOLLY DAY in Downtown Farmington

Thursday, November 20, 2014

That's right, you can enjoy FREE MOVIES with a donation of new books, new toys, and/or canned/boxed foods for the 2014 Farmington Area Goodfellows Holiday Assistance Program. 

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Dinner Out and Supporting a Great Cause - Join Us Monday, November 24th.

Wednesday, November 19, 2014

Battle of the Middles Buffalo Wild Wings EventYou've hopefully already read about Lotus Bank's support of the upcoming Battle of the Middles X, a charity basketball game to support a great local cause. We're helping to raise money for Neighborhood House of Farmington/Farmington Hills, and help to make sure that we make this year's holidays a bit brighter for those in need.  

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Lotus Bank Excited to Sponsor Battle of the Middles X

Wednesday, November 05, 2014

Lotus Bank is not your ordinary bank. We are committed to the communities we serve, and we take every opportunity to be proactive participants in initiatives that provide hope and financial opportunity to our customers. To achieve our vision, we support our community through various partnerships and outreach programs. One event that we are excited to be sponsoring again this year is Battle of the Middles X coming up December 5 at 6:30 pm (North Farmington High School). 

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What We Can Learn from the Home Depot Data Breach

Tuesday, October 28, 2014

Credit Card Data BreachThis past month Home Depot confirmed in a press release that a data breach had put 56 million payment cards at risk, more than Target’s massive breach that occurred last year. Home Depot reported that the criminals used a unique type of malware that was present during the months of April thru September. The malware was eliminated from the system in September, but the damage had already been done. 

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Data Breach: It’s time for changes to protect American consumers

Wednesday, October 01, 2014

These days, hardly a week goes by when we don’t hear about a major retailer reporting a data breach. The most recent, Jimmy John’s sandwich restaurant, affected 18 Michigan locations between June and September 2014. The restaurant reported that customer credit and debit card information was stolen. 

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Congratulations to our Detroit Tigers Gift Basket Winner!

Friday, September 12, 2014


Jeff Mangold of Southfield and his grandson Hudson, were the winners of the Lotus Bank Facebook Tigers Basket promotion. As you can see, both are serious Tiger Fans and Fans of Lotus Bank. They are looking forward to watching tonight’s game enjoying the basket of Detroit Tigers goodies. Congratulations guys! 

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There's Been A Change in The Detroit Tigers Facebook Basket Giveaway

Friday, August 29, 2014

Dear Facebook Fans of Lotus Bank,

First off, we’d like to thank everyone that has “liked” our Facebook page and participated in our Detroit Tigers promotion by letting us know who your favorite Tiger is. We have really enjoyed seeing the responses and there certainly are some great players out there that you all know and love! 

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Lotus Bank Names Gerald Wasen Chief Lending Officer

Wednesday, August 27, 2014

Gerald WasenLotus Bank is proud to announce the appointment of Gerald Wasen as the bank's Chief Lending Officer and will be overseeing the bank's personal as well as business and commercial lending activities. “His decades of leadership and banking expertise will enable us to continue providing outstanding service to our customers,” said Neal Searle, Lotus president and CEO. 

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You Have Until September 2nd to Win Detroit Tigers Tickets on Our Facebook Page

Thursday, August 07, 2014

That's right... Lotus Bank is giving away this awesome Tigers Gift Basket over on our Facebook Page and we want to make sure that you're entered to win. The basket includes four (4) tickets - right behind first base - and a ton of other great Tigers stuff (plus a gas and gift card). 

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