In This Issue



Milford Branch

130 S. Milford Rd

Milford, MI 48381



Highland Branch

2920 E. Highland Rd

Highland, MI 48356



 Loan Center

522 N. Main St., Ste. 100

Milford, MI 48381




Thank You for Helping Us Grow This Past Decade
It was ten years ago in August when Huron Valley State Bank opened its doors for business in the Mill Valley Centre in downtown Milford.  Since then we have built our headquarters on Milford Road, added a second branch in Highland and opened the loan center in downtown Milford.   Thank you for being our customer and helping us grow over the past decade. 
Downtown Milford's new LaFontaine Family Amphitheater will welcome rockers of all ages for an evening of Indie Rock from 7-10 p.m. on Saturday, Sept. 19.
Presented by Huron Valley State Bank and the Milford Downtown Development Authority, the free concert is curated by 800Beloved's Sean Lynch and will showcase three local and regional bands in one night.
The evening will feature performances by three Michigan Indie rock bands, including: 800Beloved of Milford, Dear Tracks of Grand Rapids,  and Missionary of Detroit.
Deriving its namesake from its location, set in the new LaFontaine Family Amphitheater near the Albert Kahn Powerhouse, CURRENTS represents a completely new concert format and style for Milford.  Milford's existing Summer Concert Series has been very popular in the local and surrounding communities, featuring cover bands and favorite tunes for all generations.
800Beloved, Dear Tracks, and Missionary will bring all original music to the audience at the LaFontaine Family Amphitheater. Bridging the gap between generations, the concert will reach a broader audience with upcycled music trends reminiscent of past generations. 
The event serves as a great opportunity for visitors to explore and experience the Village of Milford's expansive downtown district. Please come downtown early to shop and dine at downtown Milford's retailers and restaurants before the show. 
ATM Located Outside of Holden's 
The fire that destroyed Holden's Party Store earlier this month has resulted in the loss of the Huron Valley State Bank ATM outside the store.  For the time being, ATM's are available at both the Milford and Highland branches. We apologize for this inconvenience. 

On behalf of the Directors and Staff of Huron Valley State Bank our thoughts are with the Holden's Family and their employees.  Holden's is an icon in our community and has deep roots in Milford.   
Meet Your Bankers
Jim Biel, Assistant Vice President
Mortgage Lending  
Jim Biel has joined the bank as Assistant Vice President of Mortgage Lending. Jim is 
responsible for developing new mortgage activity and expanding relationships with Realtors and other business partners.

"We are pleased to have Jim on our team here at Huron Valley State Bank," said Jack Shubitowski, President and CEO. "His background and experience will help us expand our mortgage program. His arrival also means we have a stronger presence at our Highland branch and he will be able to expand our program within our community as well as target other areas of Oakland and Livingston county".

Biel joins the bank with over 25 years of lending experience and a diverse background in conforming, non-conforming, FHA, reverse mortgages, equity mortgages, secured and unsecured loans. He most recently worked at Paychex as a Major Market Sales Consultant and Account Manger. Prior to that he was with One Reverse Mortgage, a Quicken Loans Company where he worked as a Mortgage Banker. He held various other roles in lending over his career.

"It is great to be part of a bank that strongly supports the community and has a strong presence within its footprint," said Biel. "For me the most rewarding part of my job is helping people with their financial goals; whether it is getting them into a new home, using their equity for other purposes, or improving their credit rating. I truly look forward to taking the bank's mortgage department to the next level". 
Huron Valley State Bank Forms Holding Company Huron Valley Bancorp, Inc.
Huron Valley State Bank announced that effective as of the close of business on August 31, 2015, it has reorganized its business by creating a holding company named Huron Valley Bancorp, Inc. The holding company has 100% ownership of Huron Valley State Bank and was formed to provide greater flexibility for raising capital.

Outstanding shares of the common stock of Huron Valley State Bank were converted into
common stock of Huron Valley Bancorp, Inc. with the result that Huron Valley State Bank has become a wholly-owned subsidiary of Huron Valley Bancorp, Inc. Stockholders will need to exchange their old stock certificate for shares of Huron Valley Bancorp. Inc. common stock.

The outstanding shares of Huron Valley State Bank common stock will be exchanged on a one share-for-one share basis. The rights, privileges and interests of the stockholders will remain the same with respect to the new holding company.

The common stock of the new holding company will be listed on the OTC under the symbol
Huron Valley State Bank Partners With Cygnet Institute Offering Adult Financial Literacy
Huron Valley State Bank (HVSB) and the Cygnet Institute have partnered to offer a comprehensive adult financial literacy program for the community through the area libraries.  The Waterford Public Library, White Lake Township Library, Highland Township Public Library and the Milford Public Library are participating in this program to offer seminars on Personal Finance.

The Cygnet Institute of Personal Financial Literacy is a tax exempt non-profit organization.  The workshops will adhere to the Fiduciary Standard and are designed to be experiential and a true educational experience without a sales pitch.  "Financial Literacy is a key to the success of any community.  These workshops for public libraries are designed to help people with their financial decisions with no sales pitch or follow up solicitations.  Regardless of your stage in life, everyone can benefit from these hands on classes," said Ted Lakkides┬«, CFP founder and President of Cygnet Institute for Personal Financial Literacy.  

The schedule of offerings is as follows:

Waterford Public Library, 5168 Civic Center Dr, Waterford Twp. 248.674.4831
*    Monday, September 14, 7:00-8:30 pm - Estate Planning with Mike Hughes
*    Wednesday, September 22, 7:00-8:30 pm, Investment Fees with Brian Lakkides
*    Wednesday, September 30, 7:00-8:30 pm, Budgeting with David Dieterle
*    Thursday, October 15, 7:00-8:30 pm, Social Security with Scott Smith
*    Thursday, October 22, 7:00-8:30 pm, Education Funding with Aaron Cary
*    Thursday, November 19, 7:00-8:30 pm, Social Security with Scott Smith
*    Wednesday, December 9, 7:00-8:30 pm, Income Tax Planning with Brian Weiland

White Lake Township Library, 7527 Highland Road, White Lake, 248.698.2360
*    Thursday, September 24, 6:30-8:00 pm, Social Security with Scott Smith
*    Wednesday, October 22, 6:30-8:00 pm, Budgeting with David Dieterle
*    Thursday, November 19, 6:30-8:00 pm, Income Tax Planning with Brian Weiland

Highland Township Library, 444 Beach Farm Circle, Highland, 248.887.2218
*    Thursday, September 17, 6:30-8:00 pm, Education Funding with Aaron Cary
*    Thursday, October 1, 6:30-8:00 pm, Estate Planning with Mike Hughes
*    Thursday, October 20, 6:30-8:00 pm, Budgeting with David Dieterle
*    Wednesday, October 21, 6:30-8:00 pm, Budgeting with David Dieterle
*    Thursday, December 3, 6:30-8:00 pm, Investment Fees with Brian Lakkides
*    Thursday, December 10, 6:30-8:00 pm, Income Tax Planning with Brian Weiland
Milford Public Library, 330 Family Drive, Milford, 248.684.0845
*    Tuesday, September 15, 6:30-8:00 pm, Social Security with Scott Smith
*    Wednesday, October 28, 6:30-8:00 pm, Budgeting with David Dieterle
*    Thursday, November 17, 6:30-8:00 pm, Investment Fees with Brian Lakkides
*    Tuesday, December 8, 6:30-8:00 pm, Income Tax Planning with Brian Weiland
*    Wednesday, December 2, 6:30-8:00 pm, Education Funding with Aaron Cary
Beware Of New ATM Skimmer Techniques
Source: Krebs on Security  
Most of us know to keep our guard up when withdrawing cash from an ATM and to look for any signs that the machine may have been tampered with. But ATM fraud experts say they continue to see criminal innovations with "insert skimmers," wafer-thin data theft devices that fit inside the ATM's card acceptance slot and do not alter the outward appearance of a compromised cash machine.

Of course, an insert skimmer alone isn't going to capture your PIN. For that, thieves typically rely on cleverly hidden tiny cameras. Often, the spy camera is tucked inside a false panel above or directly beside the PIN pad. But as I've noted in stories about skimming attacks that never touch the ATM (such as vestibule door skimmers), crooks often get very creative, hiding cameras behind things like convex mirrors - or even phony fire alarms.

Broken record alert: Consumers can foil the vast majority of skimming attacks merely by covering the PIN pad with their hand when entering their PIN: That way, even if the thieves somehow skim your card, there is less chance that they will be able to snag your PIN as well. You'd be amazed at how many people fail to take this basic precaution. Yes, there is still a chance that thieves could use a PIN-pad overlay device to capture your PIN, but in my experience these are far less common than hidden cameras (and quite a bit more costly for thieves who aren't making their own skimmers).

For more info and rest of story, click here:

 Did You Know?

The whole country makes money when the Mint makes money...  Why? The answer is "seigniorage"-the difference between the cost of making a coin and its face value. (For example, it costs only a few cents to make a quarter, yet its face value is 25 cents.) This profit runs the Mint and puts extra funds into the country's Treasury-funds then spent on education, health care, defense, and other services for the nation.