Peggy Cummins has over 39 years of experience in commercial banking, with emphasis in Asset Based Lending and Workout. She began her career in 1982 at Comerica Bank in Detroit, Michigan and over her 23 years at that organization she held lending, credit and market management positions in asset based lending and middle market lending. In 2005, she moved to Citizens Republic Bank (now Huntington Bank) where she spent three years as a senior vice president managing a middle market lending group; in 2008, she assumed the role of SVP Special Assets to manage a team of nine commercial workout bankers to assist the Bank in exiting over $1 billion of distressed commercial credits.  In July 2015, Peggy joined a group of former Citizens Republic Bank colleagues to create a specialty finance unit—WNB Specialty Finance, based in Novi, Michigan, a division of Woodforest National Bank. Peggy held the position of Senior Managing Director/Senior Credit Officer and was responsible for developing policies and procedures for the various specialty finance business lines (asset based lending, leveraged lending, and equipment finance), managing the underwriting process and credit approval, regulatory examinations and reporting, and workout functions of the division. The business unit grew to $550 million of loans outstanding as of 12/31/18; in February 2019 the division was sold at a gain for the Bank.Following the sale, Peggy retired from the banking industry and formed Four C’s Advisors, LLC to provide financial advisory services to banks and distressed companies. Through Four C’s Advisors, Peggy has worked on various contracts including serving as financial advisor for the court-appointed receiver of a $125M automotive supplier.  Peggy’s responsibilities included preparing all cash and projection models, communication with all secured creditors, overseeing the daily accounting and finance functions undertaken by the CFO and accounting staff, identifying and reviewing progress of auctioneers, and distribution of funds to secured creditors.  Other contracts have included assisting financial institutions with credit training, structuring workout strategies, reviewing credit policy/ practices/procedures of specialty finance and workout divisions, and developing underwriting practices and manuals.

Peggy is a member of the Turnaround Management Association, a member of the International Women’s Insolvency and Restructuring Confederation (IWIRC), and a member of the Secured Finance Network.  She also serves as Chair of the Board of Directors of Angela Hospice, a leading not-for-profit hospice care provider serving over 2,500 patients annually in Southeast Michigan.

Peggy received a Bachelor of Business Administration in Accounting in 1982 from the University of Michigan (Ann Arbor) and a Master of Business Administration in Finance and Management in 1993 from the University of Michigan (Ann Arbor).

Steve joined Bank of Ann Arbor in May of 2017 as Birmingham District President. Located in the Birmingham office, Steve’s focus is on expanding the Bank’s presence in Oakland County by growing existing relationships and the development of new relationships. Steve is responsible for managing a team of commercial loan officers. Steve has more than 20 years of experience in the banking industry. Prior to joining BOAA, he has served in a number of roles at Fifth Third Bank, including commercial credit analyst, commercial real estate loan officer, special assets workout officer, senior asset sales manager, and most recently commercial relationship manager in the healthcare, education and not for profit lending group. Steve received a Bachelor’s Degree in Finance from Oakland University before earning his MBA from Wayne State University. As an involved member of the community, he assists a number of organizations including serving as President of the Board for the Mike Ilitch School of Business Alumni Association and on the Board of the Birmingham Bloomfield Chamber of Commerce.

Michael Hollander brings more than 23 years of banking experience to his role as Market President at First National Bank of Michigan. Throughout his career, Mike has built a diverse background across multiple areas of the financial industry, including Credit, Commercial Real Estate, Commercial & Industrial (C&I) Lending, Business Banking, Upper Middle Market, Retail, and Corporate Finance. After spending much of his career at larger financial institutions, Mike has spent the past five years at First National Bank of Michigan, where he has found great fulfillment working in a well-run community bank environment. He believes the local focus of FNBM sets it apart—every decision-maker, from tellers to commercial bankers to senior leadership and board members, lives and works in the same communities as the clients they serve. As Market President, Mike is passionate about helping businesses and individuals succeed while strengthening the communities in which FNBM operates. He values the difference a privately held, locally owned bank can make—not only for clients, but also for employees and shareholders who are equally committed to community growth and success.Prior to joining FNBM, Hollander was with Fifth Third Bank and most recently held the Michigan Market Leader position at Commerce Bank in Grand Rapids. He holds a Bachelor of Business Administration degree, Magna Cum Laude from Western Michigan University, and Master of Business Administration degree from Grand Valley State University.

Matt Lowman serves as Executive Vice President and Chief Lending Officer at Oxford Bank, the oldest commercial bank headquartered in Oakland County.  In his role as Chief Lending Officer, Mr. Lowman will determine and dictate the lending practices of the Bank while insuring it follows state and federal banking regulations.  As Chief Lending Officer, he is further responsible for measuring and managing the aggregate risk in the Bank’s loan portfolio.  Additionally, Mr. Lowman leads, coaches and develops a staff of relationship managers as well as others throughout the organization as a member of the Executive Team.  Previously, he served as Chief Lending Officer at Hantz Bank.  Prior to Hantz Bank, he served in varying capacities at Fifth Third Bank and received his formal credit training at First Chicago NBD Bank.  He received his B.A in Economics & Management from Albion College.  He has served as a Board Member on the Genesee County Habitat for Humanity since 2017, currently presiding as Board Chairman.

Mr. Richardson is the Founder, President, and CEO of The Chemico Group. For over 30 years, he has led one of the largest minority-owned chemical management and distribution companies in the United States. Mr. Richardson has been a member of the MSF Board since April 27, 2023. He participated in Grow Michigan, LLC as a borrower and utilized the capital to grow his business into its success today. His experience and insight will be an exemplary skill for investors and Michigan businesses pursuing expansion and growth opportunities.