ANN ARBOR – Bank of Ann Arbor is pleased to announce the promotion of Michael Cole to Group President, Technology Industry Group.

Cole’s promotion recognizes his contribution at Bank of Ann Arbor and within our region’s technology and life science business community. He has extended the bank’s products and services to help local investors, venture capitalists, entrepreneurs, and seasoned technology sector businesses. Most recently, Bank of Ann Arbor became the region’s only local provider of venture debt and venture capital call lines of credit.

“Michael�??s first assignment with Bank of Ann Arbor was to develop and implement a business plan to establish the bank as a value add business partner for emerging technology companies and their principals,” said Tim Marshall, President & CEO. “Michael’s intrapreneurial ability to transform his tech banking expertise into value for Bank of Ann Arbor has uniquely positioned us to play an important role in the revitalization of Michigan’s economy. We look forward to the challenge and opportunity to grow this line of business.”

The Technology Industry Group’s portfolio has grown to represent a significant portion of the bank’s assets. In the last year, Mark Holtz, Assistant Vice President, joined the team to expand Bank of Ann Arbor’s commitment to Michigan�??s new economy which Cole initiated over six years ago.

Cole has also been instrumental in the formation of the Ann Arbor Angels, a local angel capital group which has partnered with Ann Arbor Spark, the University of Michigan, the Michigan Venture Capital Association, and the Michigan Small Business & Technology Development Center to help bridge the gap between promising early stage technology companies and private investors.

Cole joined Bank of Ann Arbor in 2002 as a Vice President in the Commercial Banking Group. Previously, Cole had 20 years of financial and entrepreneurial experience, in California, Texas and Canada. Prior to returning to his hometown of Ann Arbor, Michael was a founding member and Senior Manager of the Technology Industry Group with Royal Bank of Canada in Los Angeles. Michael is a summa cum laude MBA graduate of the University of Southern California and holds a B.A. in Finance from Michigan State University. He is frequently asked to speak before business groups or to participate as a panelist, alongside other recognized leaders in the technology and life science community.

For additional information, click on BOAA.Com/Tech

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