March 29, 2019
Construction Loan Program
Are you a realtor or builder? Lakestone Bank & Trust's Constru ction Loan Program is designed to help consumers purchase a primary or secondary home. The Bank can finance construction on real estate you already own or are purchasing. Need to rehab a home you are purchasing before you move in? We can help. All loans subject to credit approval. 

Borrower Benefits:
  • 12 months interest only
  • Get the home they want
  • Loan to Value is 90% with private mortgage insurance
  • Loan to Value is 80% without private mortgage insurance
  • Access to FHA, RD, VA and more
  • Work with local decision makers

Realtor Benefits:
  • Move vacant land
  • Rehab construction
  • Help buyers get the home that checks all the boxes
  • Work with local decision makers

Builder  Benefits :
  • Ease of use - draw funds in 3-4 days
  • Multiple draws
  • No inspection fees
  • Work with local decision makers

For more information contact:

Eric Dyson
VP, Retail Lending Director
NMLS #747040
810.538.1902

Donald R. Schultz
AVP, Residential Mortgage Manager  NMLS #168495
810.538.1909

Lakestone Bank & Trust  |  Equal Housing Lender  |  NMLS #458980
Merger Announcement
For all Customers
We are pleased to announce that ChoiceOne Financial Services, Inc., parent company  of ChoiceOne Bank, and County Bank Corp., parent company of Lakestone Bank and T rust, signed a definitive merger agreement pursuant to which County Bank Corp. will  combine with ChoiceOne Financial Services, Inc. in a strategic merger of equals. The  transaction is expected to close in the second half of 2019, subject to the satisfaction of  customary closing conditions, including receipt of shareholder and regulatory approvals.

The merger will create an approximate $1.3 billion-asset bank holding company with 28  offices in West and Southeastern Michigan making it the 12 th largest bank holding  company in Michigan based on asset size.

Because of our separate, but similar markets, this combination will result in an  exceptional company that will allow us to expand our collective expertise and offer you  enhanced technology, more comprehensive services and an expanded network across  Michigan. It will also provide greater opportunities for us to invest in the local  communities we serve.

Our press release announcing the transaction is attached for more details. Thank you  for banking with us. We look forward to serving you with the same comprehensive  products, local decisions and exceptional service.

For additional information about the proposed merger, including information about  forward-looking statements, where to find important information about the proposed  merger and participants in the solicitation of proxies, please see the press release  linked below.

Sending Information to the Bank Securely
Need to send documents to one of our commercial lenders, customer service or other Bank employee? On our website under About/ Send a Secure Email , we have added a link to our Message Center secured by Zix. After creating a login, you can open secure email or upload documents and have them sent to a specific Bank employee.
 
Security Tip
ATSAIC Shamus Skelly of the U.S. Secret Service, Detroit Field Office provided a Business Email Compromise (BEC) alert. 

Steps that can prevent or deter email fraud schemes:
  1. Verify all changes in payment and financial information via phone or in person with a known and trusted individual.
  2. Employ dual factor authentication regarding changes in client or financial information.
  3. Consistently monitor IT systems for the presence of malware.
  4. Monitor and restrict the use of auto-forwarding and inbox sweep rules.
  5. If email systems are not working properly i.e. missing or not received emails, investigate immediately.
  6. Use a domain registration monitoring service to prevent the registration of spoofed domain names.
Holiday Hours
Good Friday, April 19, 2019  |   All offices closed between noon and 3 p.m.
Community Shred Days
The 2019 Community Shred Days will take place on April 27 at the Main office in downtown Lapeer, May 18, at the Capac office and September 28 at the Imlay City office. Lakestone Shred Days are free to the community and run from 9 a.m. to noon or until the trucks are full.
Call Ty to help you secure the future of your business.
Important Information: Lakestone Bank & Trust is pleased to provide the information contained in this newsletter to our customers seeking to gain the most value from their banking relationship with us. The content of this newsletter contains advertising of products and services. Lakestone encourages you to discuss your specific situation with your banker or other advisor before acting on ideas offered in Business Connections.
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Lakestone Bank & Trust | 810.664.2977 | community@LAKESTONEbank.com 
LAKESTONEbank.com  |   Member FDIC | Equal Housing Lender
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