A veteran of the banking industry in Michigan’s Great Southwest has landed a new role with a new institution, introducing a new community bank to the City of St. Joseph right at the crossroads of downtown.
Larry Morrow, who got his start with Inter City Bank back in 1989 working for Bob Burch, continued with them as Chemical Bank for more than 28 years and then took a role at Horizon Bank in St. Joseph nearly two years ago, is now Vice President of Business Development for Sturgis Bank & Trust which is establishing a Banking Loan Center on the northwest corner of the intersection of Main & Broad Streets, kitty-corner from the St. Joseph City Hall.
That space, at 320 Main Street, has been the home to the law offices of Attorney Gary Hosbein for several decades, and is always immediately recognizable at this time of the year for the dynamic Christmas light displays erected there each winter.
Morrow will be joined in that office by Loan Assistant Kim Lanier.
The final negotiations to acquire the Hosbein building are wrapping up and the deal is expected to be complete soon.
Sturgis Bank & Trust, headquartered in Sturgis, has a total of 12 branches around the region and nearly a billion dollars in assets. The branches include these locations:
- East Chicago Road HQ in Sturgis
- South Centerville in Sturgis
- Maplecrest Plaza in Sturgis
- Centreville
- Colon
- Three Rivers
- White Pigeon
- Bronson
- Bangor
- South Haven Downtown
- South Haven South
- Climax
Sturgis Bank & Trust was originally founded in 1905. Since then the Bank has undergone several transformations. Yet, bank officials say, “Two things remain constant; our commitment to the communities we serve, and the employees desire to delight the thousands of customers in southwest Michigan and northern Indiana.” The employ the slogan, “Your hometown bank with hometown values.”
Morrow and Lanier will be performing mortgage and commercial lending to start, with hopes of creating a full service banking center in the future. He says that the Sturgis headquarters leaders, “Just felt that St. Joseph and the surrounding area was in need of a good community bank.”
Morrow earned his Bachelor’s of Business Degree from Siena Heights University. Since joining the banking industry he has worked in myriad positions from the teller line to Small Business Lending, and was a Mortgage Loan Officer for Horizon Bank before heading over to Sturgis Bank & Trust. He can be reached by phone at 269-930-2339.
