The Michigan Bankers Association (MBA) congratulates Tim Marshall, President & CEO of Bank of Ann Arbor as the 2023 Banker of the Year. The MBA Board of Directors recognizes an industry leader as the MBA Banker of the Year based on their commitment to the Michigan Bankers Association, contributions to the industry, the success of their bank, and a strong record of community service.
"Tim Marshall is most deserving of this honor. He has dedicated his career to Michigan banking and the development of our industry's future bankers," stated T. Rann Paynter, MBA President and CEO. "Tim is a leader in our industry. He has been devoted exclusively to community banking and exemplifies the professional and leadership qualities set forth in the criteria for the nominees for the award. I’m grateful to Tim for his advice and guidance as a board member and past chairman of the MBA.”
Tim Marshall joined the bank in 2004 when the bank had $300 million in assets. Since his arrival he has served as the President and CEO of Arbor Bancorp, Inc. and Bank of Ann Arbor, a locally owned and operated full-service community bank with 16 locations serving Michiganders throughout southeast Michigan. The bank was founded in 1996 and has grown to over $3.3 billion in total assets. The trust and investment management group was formed in late 1997 and has total assets under management exceeding $2.1 billion. Combined bank and trust assets are over $5.4 billion. The December 31, 2019 fiscal year end represented ten consecutive years of record-level earnings, increasing at an average annual growth rate of 23% since 2010. The December 31, 2021 fiscal year reflected another year of record earnings and growth. In addition to supporting the lending and deposit needs of our local businesses and consumers, Bank of Ann Arbor is very active in the entrepreneurial community and has built one of the premier Technology and Life Science Banking Groups in the Midwest. The bank has also been recognized state-wide and nationally for its employee health initiatives, social media strategies, and as a great place to work.
Tim’s banking career spans 30 plus years starting in 1981 at Indianapolis-based American Fletcher National Bank. In 1994, he moved to Indianapolis-headquartered Salin Bank & Trust Co. where his management responsibilities ranged from serving as Chief Credit Officer to managing all functional business lines as the President, Chief Operating Officer, and a Board Director of Salin. The bank grew from approximately $200 million in assets to over $1 billion under his management. Trust assets were $34 million in 1998 and grew to $431 million prior to his departure in June 2004 when he joined Bank of Ann Arbor in his current role.
Active in his community, Tim is a past board member and chair for the Michigan Bankers Association as well as a current board member for the Affordable Housing Partners, Inc., Cinnaire Investment Corp., Inclusivity Institute, LLC, and the Ann Arbor Economic Development Corp. In 2017, he finished a seven-year term on the board of directors of the Washtenaw County Shelter Association. In 2011, Tim was appointed to the Federal Reserve Bank of Chicago's Community Depository Institution Advisory Council (CDIAC) and served as its Chair from 2012-2014. In his capacity as Chair, Tim met with the Federal Reserve Board of Governors twice a year in Washington, D.C. on economic and banking industry trends. Bank of Ann Arbor was a founding member in 2005 of Ann Arbor SPARK, an economic development organization in southeast Michigan where he has served on its board and executive committee since its founding and served as Chairman of the Board from 2012-2015. Tim was elected to the University Musical Society Board of Directors on July 1, 2018. He's also a member of the Downtown Rotary Club and has volunteered his time on numerous initiatives with the United Way, American Red Cross, Arbor Hospice, Telling It, Ann Arbor Area Transportation Authority, SOS Community Services, and Chamber of Commerce.
“The Michigan Bankers Association has made an outstanding choice in electing Tim Marshall as the 2023 Banker of the Year,” said Jerome Schwind, MBA Chairman and President of Isabella Bank. “As a dynamic energized leader, Tim fosters an environment of engagement and collaboration, recognizing the strength of everyone’s contributions and the benefit to communities. Bank of Ann Arbor has had great success and growth under Tim’s leadership which is a testament to his abilities.”
The MBA plans to honor Tim Marshall at its 137th Annual Convention on Mackinac Island in June.