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FARMINGTON HILLS, Mich., - Level One Bank, a leading community bank in Michigan, has hired Peter Root as VP, Treasurer. The announcement was made by Patrick J. Fehring, President and CEO of Level One Bank.
Root will lead the Treasury team at Level One and provide leadership over liquidity, funding, asset-liability management, investments, capital planning, and investor relations, among other responsibilities.
“Throughout his career, Peter has drawn upon his extensive capital markets knowledge and experience to drive positive results for several financial institutions,” said David Walker, EVP and Chief Financial Officer at Level One Bank. “Peter embraces the relationship focus and entrepreneurial spirit of our culture and we are excited to welcome him to the Level One team.”
Prior to joining Level One, Root served as Treasurer and Chief Investment Officer at Talmer Bank and Trust since 2010. Previously, he served Munder Capital Management for 20 years as Chief Investment Officer-Fixed Income and Senior Portfolio Manager.
Root is an active member of the Metro Detroit community and a Trustee of the Beaumont Health System Investment Committee. Previously, he served on the Investment Committee of the City of Birmingham for 14 years and was a Trustee of the Kirk in the Hills Investment Committee for 8 years. He has an M.B.A from the University of Michigan and a B.A. from Stanford University.
About Level One Bank
Level One Bank is a full-service, 5-Star BauerFinancial rated commercial and consumer bank headquartered in Michigan with assets of approximately $1.0 billion. It currently operates eleven full-service banking centers located throughout Southeast Michigan and West Michigan. Level One Bank’s success has been recognized both locally and nationally as the U.S. Small Business Administration’s (SBA) ‘Community Lender of the Year’ and ‘Export Finance Lender of the Year’, one of S&P Global’s Top 10 ‘Best-Performing Community Banks’ in the nation, Inc. Magazine’s list of 5,000 ‘Fastest Growing Private Companies in America’, and one of American Banker Magazine’s ‘Best Banks to Work For’. Level One’s Commercial Division provides a complete menu of products including lines of credit, term loans, leases, commercial mortgages, SBA loans, Export-Import Financing, and a full suite of Treasury Management and Private Banking services. The Consumer Division offers personal savings and checking accounts and a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One Bank offers a variety of online banking services and a robust mobile banking application for individuals and businesses. Level One Bank offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, please visit www.levelonebank.com.