Oxford Bank is headquartered in Oxford and is the 24th largest bank in the state of Michigan. It is also the 1,443rd largest bank in the nation. It was established in 1884 and as of December of 2019, it had grown to 107 employees at 9 locations. Oxford Bank has an A health rating.
We have been dealing with Oxford Bank since 1979.I have never had any issues with the bank and or their services, not only is our business through them, we have several personal accts and no complaints there also.I would like to send kudos to Michelle Phelan and Tina Campbell for all their assistance over the years. Keep up the good work.
I switched my accounts over to Oxford Bank a little less than a year ago, and I'm extremely happy with the service I've received in that time.
The Personal Bankers are always there to help me with any need I have - and will even call me if they think I would benefit from a different product. The employees are friendly and always on top of everything.
They also just installed these awesome machines called ITMs for the drive-thru, so they've extended their banking hours to 7am-8pm so you don't have to rush to get to the bank for your banking needs.
Their mobile products are up to date and you can even use your fingerprint to log in, which is cool.
Overall, I'm extremely happy with the service I've received from Oxford. What an awesome asset to our community!
I cannot express how frustrated I am with Oxford Bank. I have tried to have them resolve an issue from Feb 22-June 1 and they have still not fixed it! I am currently refinancing my house and the bank required clarification on a loan we had with Oxford. It had been misreported to our credit report as a collection account, a mortgage, with incorrect payment amount and balance. It was not a mortgage and we had not missed a payment in 5 years. Literally everything on the credit report was wrong except that the loan was with Oxford Bank. Fast forward 100 days and they still have not gotten the necessary paperwork to the refinance bank and it is still on my credit report- incorrectly!!
To sum up my experience- incompetent, will not return phone calls/emails, will not follow up or take initiative to help a customer, I had to climb the ladder and threaten a letter to the president and CFO before action was taken, and it's still not finished! Put your money somewhere else. You will be happy you did.
They are horrible. I wish I could go back in time and go somewhere else. I would give them 0 stars but it won't let me.
|FDIC Certificate #||9719|
|Return on Assets - YTD||1.14%|
|Return on Equity - YTD||12.19%|
|Annual Interest Income||$21.1MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$505.3MM$457.4MM|
|Loans||Q4 2019vs Q4 2018||$338.1MM$319.4MM|
|Deposits||Q4 2019vs Q4 2018||$456.1MM$415.2MM|
|Equity Capital||Q4 2019vs Q4 2018||$46.8MM$41.0MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$3.7MM$3.2MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$1.1MM$2.2MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$127.00K|
Rates for Oxford Bank are currently being reviewed.
|Oxford Bank Locations|
|Lake Orion Branch||1115 South Lapeer Road||Lake Orion, MI 48360|
|Ortonville Branch||345 Ortonville Road||Ortonville, MI 48462|
|Addison-Oaks Branch||35 Rochester Road||Oakland Township, MI 48363|
|Dryden Branch||5459 Main Street||Dryden, MI 48428|
|Oxford Bank||60 South Washington Street||Oxford, MI 48371|
|Davison Branch||600 North State Road||Davison, MI 48423|
|Clarkston Branch||7199 North Main Street||Clarkston, MI 48346|