Lotus Bank helps sponsor sports broadcasters scholarship award program

NOVI, Mich., – Oct. 1, 2014 – Lotus Bank (www.lotusbank.com), a state-chartered, full-service commercial bank based in Novi, is proud to help sponsor the Detroit Sports Broadcasters Association grants and scholarships program. The DSBA announced that it will award nearly $19,000 to area students, high schools and colleges as part of its 2014 grant fund and scholarship awards program.

“We are proud to be one of the sponsors of this program by the Detroit Sports Broadcasters Association, which has a tradition of supporting young people who are pursuing careers in sports and news broadcasting,” said Neal Searle, President & CEO, Lotus Bank.

DSBA Grants will be distributed to students and programs at nine Michigan high schools, from the Detroit metro area to the Upper Peninsula. Additionally, the association is awarding four scholarships to Specs Howard School of Media Arts students who will be recognized at the DSBA Annual Detroit Red Wings luncheon on Oct. 7, 2014.

Funding for the Detroit Sports Broadcasters Association educational program is also made possible through sponsorship from Farm Bureau Insurance, as well as through the DSBA Charity Golf Outing and donations from individual contributors. The DSBA is a registered 501 (c ) (3) nonprofit organization.

Lotus Bank was established in 2007 by Indian-American business and medical industry leaders from southeast Michigan to serve the business and personal finance needs of the region with a special focus within the Indian community. It is one of the most well capitalized banks in Michigan, with approximately $102 million in total assets.

About Lotus Bank

Established in 2007, Lotus Bank was founded by Indian-American business and medical industry leaders from southeast Michigan. Lotus Bank is a State chartered full service commercial bank headquartered in Novi, Michigan providing a broad range of commercial and consumer banking services to small and medium sized businesses, professionals and individuals including no-fee checking accounts, money market accounts, CDs, Small Business Administration (SBA) loans and construction loans. Operating branch offices in Novi and Farmington Hills, Lotus Bank is one of the most well capitalized banks in Michigan. In 2013, Lotus Bank was ranked number 14 by the American Bankers Association (ABA) in its list of Top 100 community banks in the U.S. in its “Banks and Thrifts Under $100 Million” category. For more information, please visit www.lotusbank.com or call 248-735-1000.