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Lotus Bank Blog

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Lotus Bank Supports Main Street League

Thursday, June 05, 2014

Community involvement is one of the cornerstones on which Lotus Bank has built its business. We routinely donate to local charities and our employees gladly volunteer their time to help with local causes. Recently, Lotus Bank showed its support for another community focused organization.  

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Sustainability and its Importance to Community Banking

Thursday, May 01, 2014

The word “sustainability” can be linked to a lot of our local activities these days—whether it’s reusing or recycling products that otherwise might be tossed out, shopping locally at our farmers markets and area small businesses right here in Oakland County, or making a commitment to buy American-made products. Needless to say, there are a lot of ways to go local and build a more sustainable world.  

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Proud to Support the 2014 ACC Golf Outing and Scholarship Awards Dinner

Friday, April 25, 2014

Lotus Bank is proud to be supporting the Arab American and Chaldean Council (ACC) 12th Annual Golf Outing and Scholarship Awards Dinner coming up on Tuesday, June 3 at Shenandoah Country Club in West Bloomfield. Money raised from the golf outing provides scholarships to Detroit area high school seniors of Arab American and Chaldean descent to help them offset the costs of college tuition. Lotus Bank is a $1,000 Scholarship Sponsor and our President Neal Searle is serving as one of the Honorary Chairs for the event (check out the press release for more information). 

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"Big Bank" Rates with "Community Bank" Service

Friday, March 07, 2014

Great RatesWhen selecting a bank, one of the first factors that consumers frequently look for are the rates the bank offers. The “big banks” are some of the first to be considered since they entice customers with perception of better rates that many of the smaller community banks can’t compete with. The thought of “bigger is better” doesn’t always hold true, so not giving a community bank a chance can be a big mistake! 

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Saving for the New Year

Friday, February 28, 2014

Just about everyone hopes to do a better job managing their money in the New Year, but unless you have well planned strategies that change the way you spend money, this is hard to accomplish. Since many people will not see pay raises or bonuses this year, it’s likely that you’re not able to depend on a greater cash flow. What you can do is begin taking smart and strategic steps to save more of the money that you do make.  

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The Importance of Saving for Your Retirement

Tuesday, February 25, 2014

For many of us, retirement feels light years away. And maybe for you, it’s a distant day in the future. Yet there is one thing that is consistent across people no matter their age or income: saving and investing as early as possible is best.
 

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Ever Wonder About the Difference Between Roth and Traditional IRAs?

Thursday, February 20, 2014

The type of individual retirement account (IRA) you choose can have a huge impact on your family’s retirement savings. That’s why it’s worth knowing the options available to you and how they will affect your savings over time.  

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Observations from a Michigan Bank CEO - How Are We Doing?

Wednesday, November 27, 2013

It’s turned out to be a very nice year in Michigan. Here are some of my thoughts on the industry: 

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Lotus Bank Ranked 14th in the Nation

Wednesday, August 14, 2013

It’s with great pride that I share with you that Lotus Bank has risen from 698th to 14th in the Nation for community banks under $100 million in assets.  It’s been a wonderful journey over the past several years, watching the Bank blossom from a small and well-run company into the more mature, strong, stable “adult” that we are today. 

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Lotus Bank Announces the Launch of New Website

Tuesday, June 25, 2013

Lotus Bank's New WebsiteLotus Bank is excited to announce that we've launched our new website (LotusBank.com), with an enhanced look and feel, simplified navigation and helpful features for our customers (and community) to use. While we still are happy to serve our customers from our two convenient locations in Novi and Farmington Hills, we realize that more of our customers prefer the "online branch" to get access to their account information via online banking. 

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