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The Michigan Bankers Association (MBA) congratulates Michael J. Manica, Vice Chairman, United Bank of Michigan as the 2020 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, success of their bank, and a strong record of community service.
"Mike Manica 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. "Mike is a leader in the financial 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."
Five decades ago, Mike Manica accepted a position with FDIC. During this time, he achieved the level of Senior Field Examiner, working in the FDIC Liquidation Division and the Problem Bank Department of the Division of Bank Supervision. He also served as a trainer, concentrating on loan quality and assessment. He began his career at United Bank nearly 40 years ago, when he accepted the position of Vice President of Loan Administration with Wayland State Bank, which later became United Bank of Michigan in 1983. In the following years, he held several positions at the bank, serving as the President and Chief Operating Officer, leading up to him being named Chief Executive Officer in 2014. Michael served as CEO until stepping down in 2019, still contributing to the operations and success as the Vice-Chairman for United Bank Financial Corporation and Board of Directors.
Michael was instrumental in the shared success of expanding United Bank from $45 million in size to over $660 million. As the bank grew, he always kept in mind the importance of community banking and empowering customers with real solutions in business and life.
Throughout his career, Michael has been an active supporter of the MBA, most notably serving as the 2017-2018 MBA Chairman. As Chairman, Michael participated in Dodd-Frank reform, representing community bankers most affected by past increases to government regulation. During his time as Chairman, he promoted full participation in political advocacy. Michael also served on the MBA Bank Management Committee, as treasurer of the MBA, and is a former member of the Board of Directors of the MBA. Manica has always been committed to improving the trust and integrity of the banking industry and the local banker.
“The Michigan Bankers Association has made an outstanding choice in electing Mike Manica as Banker of the Year,” said Jeanne Richter, MBA Chairman, President, and CFO, Farmers State Bank of Munith. “Mike is a leader in the banking industry and is committed to his community. United Bank of Michigan has had great success and growth under Mike’s leadership which is a testament to his abilities.”
“I value most the opportunity to have had Mike as my mentor throughout my career. He exemplifies a true leader in the financial industry and as a community banker” stated Joe Manica, President & CEO, United Bank of Michigan. “Mike’s leadership and business acumen helped to grow United Bank to be the healthy strong community bank we are today. He has earned the respect of bankers across our great state through his tireless efforts and dedication. As his successor, I know I have mighty shoes to fill and my commitment to him is to work hard to continue his legacy of success and honorable leadership within United Bank and throughout our industry. Congratulations on a long successful career, Mike!”
The MBA plans to honor Mike Manica at its 134th Annual Convention on Mackinac Island in June.
Banker of the Year
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