News Releases


                  

    April 10, 2009, Free Community Shred Day

    NEWS RELEASE -  Free Community Shred Days are sponsored by Lapeer County Bank & Trust Co. and iSHRED.  Since the first Free Community Shred Day in 2006 we have helped over 517 people shred approximately 17.25 tons of paper.  Not only have our efforts helped reduce the risk of identity theft, through recycling about 289 mature trees have been saved from unnecessary destruction.  To continue this effort we have set up the following Free Community Shred Days:
                 • April 18, 2009 at the Imlay City Office; 9:00-noon
                 • May 16, 2009 at the Main Office; 9:00-noon
                 • October 17, 2009 at the Main Office; 9:00-noon      

     

    This project highlights the Bank’s ongoing efforts to provide resources to the community for the prevention of Identity Theft and Fraud.  Identity Theft is a devastating crime from which it can take years to recover from.  Protect your personal information.  Shred documents such as old credit cards, utility bills and pre-approved credit offers.  In addition check your credit report for unauthorized activity.  Consumers can access their credit report from the three bureaus, Experian, Equifax and TransUnion each year for FREE.  The links for free credit reports, along with frequently asked Shred Day questions are available on the Bank’s website at LCBT.com.

     

    iSHRED, an Attica based, on-site document destruction company uses the latest technology in mobile document destruction.  Their sophisticated shredders can handle paper clips, staples, binder clips and binders.  For recycling purposes, do NOT include compact discs in the materials to be shred.  More information regarding iSHRED is available at ishredit.com.

     

     Any additional questions can be directed to Lapeer County Bank & Trust Co. at 664-2977, ext. 337.   

    December 30,2008, Quarterly Cash Dividend

    NEWS RELEASE -   The Board of Directors of County Bank Corp, the holding company of Lapeer County Bank & Trust Co., declared a quarterly cash dividend of $.10 per share payable on December 31, 2008 to shareholders of record on December 17, 2008.  The 4th quarter cash dividend totals $108,095 and is the 173rd consecutive dividend paid to the shareholders.  The cash dividend payout this quarter combined with the dividends paid in the first 3 quarters total $918,805 paid in 2008 or $.85 per share.

     

    Although the Bank was profitable in the last quarter of 2008, it has continued to be necessary to fund the allowance for loan and lease loss at unprecedented levels.  The special contribution made to the allowance in September adequately covered the decrease in value of many, but not all of the land development loans.  As a result of this action and the troubling economic times, the Bank will continue to fund the allowance to cover any further erosion in real estate values.        

     

     The fact that the Bank has been able to pay continuous dividends through this period confirms the Corporation’s superior capital position.  Through November 30, 2008, stockholder’s equity remained a healthy $27 million and our Tier 1 Leverage Capital Ratio stood at 10.29%, well above the required 4% ratio that indicates adequate capitalization. 
     

     

    Main Office: 83 W. Nepessing St. • P.O. Box 250 Lapeer, MI 48446