News & Events

2016 MBA Banker of the Year

The Michigan Bankers Association (MBA) has selected Deborah Smith-Olson, chairman and CEO of Lake-Osceola State Bank, as its 2016 MBA Banker of the Year. Ms. Smith-Olson is the first woman to be selected for this honor.

"We are proud to select Deb Smith-Olson for the MBA Banker of the Year Award. Her dedication to the banking industry, the MBA and to Baldwin and the surrounding communities has been exceptional," said Don St. Germaine, board chairman of the Michigan Bankers Association.

The MBA annually selects a member Michigan banker who has shown outstanding leadership throughout the year as its MBA Banker of the Year, based on three criteria:

• Service to the Michigan Bankers Association

• Statewide reputation as a banker who is helpful to other state bankers

• Instrumental in the growth of her/his own bank

"It is particularly rewarding to be selected as the 2016 MBA Banker of the Year," said Smith-Olson. "This award is special since you are nominated and selected by your peers across the state. It is also a reflection on the hard-working team here at Lake-Osceola State Bank who provide quality services to Baldwin and communities in the area."

Ms. Smith-Olson has been the chief executive officer of Lake-Osceola State Bank since 1987 and has been its chairman since 2004. Under Ms. Smith-Olson's leadership, the bank has shown consistent growth --growing by 30 percent during the last decade. The bank has also been rated ―outstanding‖ during the last three years by the FDIC when evaluating the institution's involvement in its community.

Ms. Smith-Olson has a long history of participation with the Michigan Bankers Association, serving several years on the board of directors and as chairman of the board in 2014. She has served as trustee of the MBA Perry Schools of Banking and held many leadership positions on various MBA committees. She was instrumental in the launch and continuing success of MBA's Women in Banking Conference devoted to the development of women's leadership. She has been a well-known and enthusiastic supporter of the industry and Michigan bankers alike.

Locally, Ms. Smith-Olson has been a long-time champion of her community. She currently serves or has served as a volunteer in several community organizations, including: executive board member of the Spectrum Health Big Rapids/Reed City Foundation; chairperson of Baldwin Promise Authority; treasurer of Baldwin Downtown Development Authority; board vice president of West Shore Community College Foundation; member of the community corrections advisory board of the Department of Corrections; workforce development board member of the Michigan Works! – West Central; and chair of the Lake County Enterprise Community Board, among others. Ms. Smith-Olson also supports the American Cancer Society and the Girl Scouts of America.

Click here to read the full press release.


Watch our feature on "In View with Larry King"

Community banks are the backbone of small businesses and startups. In this episode, "In View with Larry King" discusses the benefits of banking with a community bank. When megabanks fail small business, community banks gladly step in to ensure that their community will thrive.

We are invested in your success because when the community wins -- so do we. Find out how LOSB has invested in the Lake Osceola community in this episode of "In View with Larry King" from Fox Business News!

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Help us Support Walkerville Schools Students

Our Walkerville location is now open! We are committed to the communities we serve, and in honor of our new location we will make donations to the Walkerville Schools Scholarship Fund.

Every account opened through February 29, 2015 earns a $25 donation.

Every loan opened or switched to LOSB through February 29, 2016 earns a $50 donation.

The total donation will be presented to WPS in April 2016.

Mention this post at account opening at our Walkerville location.

133 E. Main Street, Walkerville

*Loans must be approved to qualify. Donations made for the first 100 accounts/loans.


LOSB Welcomes New Board Member - Terry Gerber

Lake-Osceola State Bank is happy to welcome Terry Gerber to the Board of Directors. Terry is a life-time resident of Reed City and is well respected in the community. His experience in the field of construction began at the age of 14 when he started working for his father Russell Gerber. After graduating from Reed City High School, Terry attended Ferris State University and the University of Michigan. Through all of his education one thing remained constant and that was his passion for construction.

Terry became President of Gerber Construction in 2002 after his father retired and since has enjoyed a fairly successful career. He believes his success is thanks to the hard working employees that make up the company. He also is grateful to his daughter and son-in-law, Jill and Bill Terryn, who he states, "have enabled the company to progress with their fresh and innovative ideas."

Along with Terry's parents Russell and Avis Gerber, he also has a sister Debbie and three brothers, Gary, Steve, and Kirk. Terry is married to Holly, who is recently semi-retired as co-owner of the Anderson Agency in Reed City. Together they are the very proud and loving parents of Heidi, Jill, Chad, and Jamie. Terry and Holly also have two beautiful granddaughters, Casey and Malley.

With as much time and effort it takes to run a growing business, Terry has made an honest and true effort to be involved in the community and its surrounding areas. He has served on the Osceola Community Foundation, the St. Paul Lutheran Church Board, the Local Home Builder Association Board, and as Supervisor for Richmond Township.

Lake-Osceola is looking forward to the expertise and knowledge that Terry has of the market areas and community as he serves as a board member.


Distinguished Service

Image At the Michigan Primary Care Association's (MPCA) 33rd Annual Awards ceremony held August 14, 2012, the non-profit association representing Michigan Health Centers honored Robert Fisher, Treasurer of the Board of Directors at Baldwin Family Health Care and President of Lake-Osceola State Bank for his distinguished service.

The MPCA Distinguished Service Award recognizes commitment, dedication, and outstanding service on behalf of Michigan Health Center patients.

Bob's drive and determination to serve on the board for over 20 years (as if the Health Center is part of his family) is undeniable. He is a busy bank president and most certainly has been asked to serve in many capacities in and around the Baldwin community; yet, he chooses to volunteer at Baldwin Family Health Care.

Bob has demonstrated that commitment at every board meeting and every finance committee meeting over the last 20 years. He takes great care in addressing the issues and offers a skill set that brings a wealth of experience, detail, direction, and purpose. It's clear that Bob believes in and honors the mission and vision of Baldwin Family Health Care. His strong commitment to see the center succeed and grow has substantially added to its ability to continue the mission of serving the health care needs of the community.

This press release was originally prepared by the Michigan Primary Care Association.


Endless Nature

Lake County is a place of infinite beauty, rich history, and endless nature. Check out a video highlighting its splendor...

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