United Bank & Trust Announces Addition to Special Assets Group
FOR IMMEDIATE RELEASE
Bryan A. Freeman
September 27, 2012
UNITED BANK & TRUST ANNOUNCES ADDITION TO SPECIAL ASSETS GROUP
ANN ARBOR, MI – United Bank & Trust is pleased to announce the hire of Michael Aginian, vice president, special assets group. Richard C. Northrup, executive vice president and chief credit officer states, “We are very excited to have Michael join the Special Assets team. His professional expertise and extensive lending experience will help United maximize the opportunities we have with under-performing loans and assets.”
Michael has over 25 years of business banking experience working for a variety of community and regional financial institutions. He comes to us most recently from Talmer Bank and Trust in Troy, where he was an associate managing director of special assets. In his new role at United, Michael will manage a portfolio of non-performing problem loans/assets assigned for collection or rehabilitation with the goal of bringing the loans/assets to an acceptable performing status or collection through liquidation of collateral or collection through guarantors to maximize the recovery on a failed loan arrangement.
Aginian earned a bachelor of business administration from Eastern Michigan University. He will be relocating to Washtenaw County in the near future. He is the treasurer of CLEAVE, a group home for adults with special needs, and is involved in athletic programs at Eastern Michigan University as the official scorekeeper for both men’s and women’s basketball.
About United Bank & Trust
United Bank & Trust is a community-based financial services company located in Washtenaw, Lenawee, Livingston and Monroe Counties in Michigan. The bank provides financial solutions to our clients based on their unique circumstances and needs, through a line of business delivery systems that includes banking, mortgage, structured finance and wealth management. For more information, visit the bank’s website at www.ubat.com.