Level One Bank acquires assets of Paramount Bank
The Michigan Office of Financial and Insurance Regulation announced recently that Level One Bank has acquired all the deposits and the majority of the assets of Paramount Bank, both of which are based in Farmington Hills.
Paramount Bank was wholly owned by Paramount Bancorp Inc and was headquartered in Farmington Hills as well as operating additional branches in Clinton Township, Birmingham and Ferndale.
Paramount Bank’s offices will be open for business as usual and checks drawn on Paramount Bank will continue to be processed. Level One has assumed approximately $19 million of brokered deposits held by Paramount Bank. These funds will be paid by the Federal Deposit Insurance Corporation to the broker of the funds. Customers who placed their deposits through brokers show contact their brokers show contact their brokers about the status of their deposits. Call 800-881-7816.
New Dollar Castle opens
Dollar Castle is opening a new location at 44773 Schoenherr Road, Sterling Heights at 9 a.m. Thursday, Dec. 16. The first 10 customers can purchase a Haier LED HD 19-inch television with remote control for $1 and the next 100 in line that day can purchase a coffee maker for $1.
On Friday, Dec. 17, the first 100 people in line can purchase a slow cooker for only $1 and on Saturday the first 100 in line can purchase a Laso and Holmes Space Heater for $1.
Kroger chicken donation helps Forgotten HarvestKroger donated 10,000 pounds of frozen chicken, Dec. 8 to Forgotten Harvest as part of the grocer’s “Bringing Hope to the Table” campaign to help feed the hungry. The contribution results from a generous donation by Orland, Indiana-based Miller Amish Country Poultry, a distributor to Kroger’s Michigan stores. Partnering with Forgotten Harvest since 2000, 76 Kroger stores in the Detroit tri-county area support the organization through food and monetary donations. Kroger is on target to deliver over 4.0 million pounds of food to Forgotten Harvest in 2010.
3-Dimensional Services food drive aids Children’s CenterThe employees of 3-Dimensional Services Group of Rochester Hills, a leading prototype and low-volume production firm, raised more than $1000 in cash and “goods” in a week-long food drive to help stock the shelves of the Children's Center of Detroit.