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STURGIS - Sturgis Bank & Trust Co. has recorded net income of $175,733, or 6 cents per share, for the quarter ended Sept. 30, 2000. This compares to $432,539, or 14 cents per share, for the previous third quarter.
The decrease in net income is the result of two events. The bank incurred $363,403 in expenses in the quarter relating to the attempted merger with Southern...