First Michigan Bank has named Thomas Shafer as its new executive managing director for commercial banking, effective immediately.
Mr Shafer has been employed by Citizens Republic Bancorp since 1994. He held the position of executive vice president fro specialty banking; executive vice president for regional banking; regional president for East Michigan; president for Southeast Michigan; and executive vice president for commercial banking and chief credit officer. He also worked at Michigan National Bank in various commercial assignments.
Mr Shafer is active on the Detroit Regional Chamber Board and the Metropolitan Affairs Coalition and is a member of the executive committee and governance committee of Detroit Public Television.
David Provost, chairman, president and CEO of First Michigan Bank, said: “Tom is arguably the best lender in the state. He really knows how to put great commercial banking teams together that work for the mutual benefit of the customer and the bank. We are very pleased to have him on the First Michigan Bank team.”