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MAYVILLE - Established in 1885, Mayville State Bank is one of the oldest banks in Michigan and up until recently it was one of the few banks in the state without a holding company. That all changed on Oct. 1 when the Mayville Financial Corp. began operations.
"We are looking to expand into other financial services and we also like the flexibility the holding company structure allows us in dealing with our own stock and improving the way its marketed," explained President/CEO Gary A. Haas. Specifically, he said, the bank is considering forming companies to sell insurance...