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JEWISH BUSINESS EXCHANGE

DETROIT

bank charter as a commercial Edgar M. Fenton, chairman and
bank in September 1991, and CEO of Cadroy Management
changed its name to Franklin Company; Herbert N. Glass,
Bank, National Association. It is president and CEO of the Glass
now the seventh largest bank in Freedman Company; George M.
the Oakland County market, Nyman, president of the Pro-
Present
with a 2 percent market share.
fessional Property Management
The bank reported assets of Company of Michigan, Inc.;
$513 million in June 1996, and James B. Wechsler, president of
deposits of $422 million. It is the Wechsler Financial Group, Inc.;
only bank headquartered in and as advisory director, Joseph
Oakland County with assets be- A. Pick, president of Pick Mon-
tween $200 million and $10 bil- etary Group, Inc.
lion. At the time of the bank's
Former directors have in-
last annual report, its stock, cluded Manny Chicorel, Richard
which is traded publicly, was Pierce and Fred Nederlander.
valued at $10.50 a share. It
"The directors are a very sig-
peaked at $13 in 1995.
nificant part of your identity in
the community, and your at-
tachment to the community, be-
International
cause they participate in the
community in other contexts,"
business is
said Mr. Dunn.
growing very
"As bankers, that's what we
do all day, so that's our primary
quickly.
connection. But the directors
have other obligations, like the
owners of advertising agencies
Franklin has regional offices and whatnot, and touch other
located in affluent suburban ar- places in the community."
eas. Banldng centers are at the
Geographically, Franklin
Southfield headquarters, in Bank is headquartered in
Grosse Pointe Woods and in Southfield, which has a sub-
Birmingham.
stantial Jewish community, and
Mr. Dunn has served as pres- "the third linkage of Franklin
ident and CEO of Franklin Bank to the Jewish communi-
Bank, N.A. since its inception. ty is probably our niche or spe-
He was previously president of cialization," said Mr. Dunn.
ewish Busin
Michigan Bank - Livingston, a
"We, more so than most
subsidiary of Michigan Nation- banks, are very targeted in our
33290 W. 14 Mile, Suite 423 • West Bloomfield, MI 48322
al Corporation, a post he held for audience. With all of the bank
(810) 932-5797
four years.
mergers, particularly in the last
Franklin Bank opened an in- five years, we have gotten very
ternational department in Jan- focused on the local business
Jewish Business Exchange is Southeast Michigan's dedicated forum promoting networking and
uary. "Today, whether it is community as our primary tar-
business development, Jewish ethics and values and business issues affecting Jewish interests
Germany, or China, or India, geted customer base. We're not
and its surrounding communities.
Latin America or Israel, the going after the large national
amount of commerce that local companies, and we are not near-
businesses are doing interna- ly as consumer oriented as some
tionally is staggering," said Mr. of the other banks."
Dunn. "It is a global economy.
"And I think there's no ques-
So we have moved with the com- tion that a large percentage of
munity to serve their needs.
the leadership in the local busi-
"We just sold a group of loans ness community is Jewish."
to a Belgian bank: We didn't go
From the very beginning,
to Belgium to look for them, they Franklin Bank has had two ad-
found us.
vertising professionals on the
"You hear a lot of hue and cry board of directors: Dean Fried-
about Japanese banks, but a far man of Solomon Friedman, who
bigger influence has been Euro- does most of the creative work
pean banks. The amount of for the bank's radio ads, and
money coming from Europe into William Murcko of Communi-
50°/0 Off all
the U.S. banking system is far cation Associates, Inc., who does
services with
greater than what's coming in most of the creative for print.
Carol Lee on any
from Japanese banks," said Mr.
The bank's innovative annu-
Monday
or Tuesday
Dunn.
al reports for 1994, 1995 and
Franklin Bank has several 1996 were recognized national-
major linkages to the Jewish ly for their creativity.
community.
"Beyond creative, they have
"One is certainly our board of both (Mr. Friedman and Mr.
directors," said Mr. Dunn. "From Murcko) been a help to me and
4=1 1 .1
the beginning, the majority of have trained me and educated
Specializing in
our directors have been Jewish, me," said Mr. Dunn. "I came out
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knowing how ignorant I was.
In addition to board chairman
0d \.
i CONSIGNMENT
"One of the things both of them
Cash
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Wesley Berry
David F. Simon, that number in- have really shown, persuaded
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.349.4570
secretary of the bank's board; ATM page 74
(248) 68 I - I 397
43041 W. 7 Mile • Northville
6677 Orchard Lake Rd., S. of Maple

THE JEWISH NEWS

David Simon

Chairman

e Board

BSA-3313

110141tg
1 /2 OFF

I

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BARI
BECKETT

CA$H

CV

LU

73

