Union Bank
“Union Bank is a truly local, right-sized and proudly independent bank with roots deep in West and Central Michigan—more specifically, we equip business owners who make, build and grow for success. The Bank is state-chartered and overseen by a Board of Directors that are fully committed to remaining independent and real: real people who solve real problems, who listen with local knowledge and who consult with common sense.
Union Bank was founded in 1934 as the result of a “union” of two Lake Odessa banks. Since then, we have served the Lake Odessa community and slowly expanded into other neighboring communities; Union Bank proudly serves the communities of Ada, Dimondale, Grand Rapids, Hastings, Lake Odessa, Mulliken, Portage and Westphalia.”
- website: https://www.ubmich.com/
Cannabis Banking Services
“At Union Bank, we’ve worked hard for local businesses and the hard-working people who make, build and grow for a living for nearly a century. We aren’t run by a distant corporation with artificial intelligence. We’re local leaders with local knowledge who listen well, find effective solutions and care for our communities so they can thrive. Union Bank has recognized Cannabis Related Business (CRB) as a sector of our community since 2019, and offers deposit products that help you build your business from the ground up.”
States Served:
- Michigan
Official cannabis banking page: https://www.ubmich.com/business/cannabis-related-banking
Media coverage: NA
Bank Health Rating
DepositAccounts.com Rating: link
- DepositAccounts considers several health grade components:
- Texas Ratio (measuring bank credit risk);
- Texas Ratio trend;
- Deposit growth;
- Capitalization (difference between bank assets and liabilities).