Travis Hampton Joins Southern Michigan Bancorp, Inc. Board of Directors

Rhea-AI Summary

Southern Michigan Bancorp has appointed Travis Hampton to its board of directors. Hampton, owner of Value Max Products, brings substantial experience from his successful business ventures, including partnerships with major retailers like Amazon and Walmart. He holds a Bachelor’s degree in Business Administration from Western Michigan University. Chairman and CEO John H. Castle expressed confidence in Hampton’s leadership and community commitment. Southern Michigan Bancorp operates 14 branches, offering various banking services across several counties.

Positive

• Travis Hampton's extensive business experience and local prominence may enhance the board's strategic direction.
• Hampton's connections with major retailers can potentially lead to new business opportunities.

Negative

• Concerns regarding potential continuity and experience gaps due to the new board member's integration.

COLDWATER, Mich., July 28, 2022 (GLOBE NEWSWIRE) -- John H. Castle, Chairman and CEO of Southern Michigan Bancorp, Inc., the holding company of Southern Michigan Bank & Trust, recently announced the appointment of Travis Hampton as a member of its board of directors.

Hampton is the owner of Value Max Products, an international company based in Coldwater, MI. Value Max supplies high impulse general merchandise and health and beauty products to several retailers and distributors across the US including Amazon, Costco, Walmart, Meijer, SpartanNash, Albertsons, and CVS. A growing segment of their business offers manufacturing of products for retailers in their private label brands and under licensing agreements with Viacom.

Hampton developed his enterprising spirit from his father, Terry, who started Hampton Games in Burlington, MI. In 2001, Hampton founded A-1 Homes Development, DBA Hampton Homes, which is now operated by his brother, Troy. Hampton and his two brothers also own Douglas Corporation, a business his father acquired in Tekonsha, MI.

A graduate of Tekonsha High School, Hampton earned a Bachelor of Science degree in business administration from Western Michigan University, where he majored in finance and minored in accounting. He and his wife, Alysa, and their two children reside in Coldwater, MI.

“As a prominent business leader known locally and internationally, Mr. Hampton brings extensive experience and a commitment to community in his role as a director for Southern,” said Castle. “It is my privilege to welcome Travis to our board.”

Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates fourteen branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties, providing a broad range of consumer, business and wealth management services throughout the region. For more information, please visit the Southern Michigan Bank & Trust website at www.smb-t.com.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/bfd0ed28-b8ef-4623-9e8e-836dde0ecbb4

FAQ

Who is Travis Hampton in relation to Southern Michigan Bancorp?

Travis Hampton has been appointed as a member of the board of directors of Southern Michigan Bancorp.

What experience does Travis Hampton bring to Southern Michigan Bancorp?

Hampton brings substantial experience as the owner of Value Max Products, which supplies merchandise to major retailers.

What are the potential impacts of Travis Hampton's appointment on SOMC?

Hampton's connections and experience may lead to new business opportunities for SOMC, but there may be concerns about continuity.

When was Travis Hampton appointed to the board of Southern Michigan Bancorp?

Travis Hampton was appointed to the board on July 28, 2022.