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SOMC Southern Michigan Bancorp Inc (PK)

16.46
-0.24 (-1.44%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Southern Michigan Bancorp Inc (PK) USOTC:SOMC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.24 -1.44% 16.46 16.45 16.86 16.50 16.46 16.50 1,200 21:54:52

Small Company Offering and Sale of Securities Without Registration (d)

26/04/2021 5:38pm

Edgar (US Regulatory)


x NoneEntity Type
0000703699
 
x Corporation
o Limited Partnership
o Limited Liability Company
o General Partnership
o Business Trust
o Other
Name of Issuer
 SOUTHERN MICHIGAN BANCORP INC
Jurisdiction of Incorporation/OrganizationMICHIGAN 
Year of Incorporation/Organization
  x Over Five Years Ago
  o Within Last Five Years (Specify Year)  
  o Yet to Be Formed 



2. Principal Place of Business and Contact Information
Name of Issuer 
 SOUTHERN MICHIGAN BANCORP INC 
Street Address 1Street Address 2
 51 W PEARL ST 
CityState/Province/CountryZIP/Postal CodePhone No. of Issuer
 COLDWATER MICHIGAN 49036 517-279-5500 



3. Related Persons
Last NameFirst NameMiddle Name
CastleJohn
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: x Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 Chairman and CEO

Last NameFirst NameMiddle Name
ClarkCharles
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 

Last NameFirst NameMiddle Name
HaberlGary
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 

Last NameFirst NameMiddle Name
McConnellBrian
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 

 
Last NameFirst NameMiddle Name
RiddleFreeman
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 

Last NameFirst NameMiddle Name
FlanneryPatrick
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 

Last NameFirst NameMiddle Name
ColeH. Kenneth
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 

Last NameFirst NameMiddle Name
NolanHooker
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 

 
Last NameFirst NameMiddle Name
CalhounDean
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 

Last NameFirst NameMiddle Name
MillerKurt
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: x Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
 President, Director and CCO

Last NameFirst NameMiddle Name
ChartrandDanice
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
 Treasurer, Secretary and CFO

Last NameFirst NameMiddle Name
VaughnKevin
Street Address 1Street Address 2
51 West Pearl Street
CityState/Province/CountryZIP/Postal Code
ColdwaterMICHIGAN49036
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
 1st VP of Finance

 


4. Industry Group
o Agriculture Health Care o Retailing
 Banking & Financial Services   o Biotechnology o Restaurants
  x Commercial Banking   o Health Insurance Technology
  o Insurance  o Hospitals & Physicians  o Computers
  o Investing  o Pharmaceuticals  o Telecommunications
  o Investment Banking  o Other Health Care  o Other Technology
  o Pooled Investment Fund

    Travel
  o Other Banking & Financial Services o Manufacturing  o Airlines & Airports
 Real Estate  o Lodging & Conventions
  o Commercial  o Tourism & Travel Services
  o Construction  o Other Travel
  o REITS & Finance o Other
  o Residential 
  o Other Real Estate 
o Business Services 
 Energy 
  o Coal Mining 
  o Electric Utilities 
  o Energy Conservation 
  o Environmental Services 
  o Oil & Gas 
  o Other Energy 


5. Issuer Size
Revenue RangeAggregate Net Asset Value Range
o No Revenues o No Aggregate Net Asset Value
o $1 - $1,000,000 o $1 - $5,000,000
o $1,000,001 - $5,000,000 o $5,000,001 - $25,000,000
o $5,000,001 - $25,000,000 o $25,000,001 - $50,000,000
o $25,000,001 - $100,000,000 o $50,000,001 - $100,000,000
o Over $100,000,000 o Over $100,000,000
x Decline to Disclose o Decline to Disclose
o Not Applicable o Not Applicable


6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)
o Rule 504(b)(1) (not (i), (ii) or (iii)) o Rule 505
o Rule 504 (b)(1)(i) x Rule 506(b)
o Rule 504 (b)(1)(ii) o Rule 506(c)
o Rule 504 (b)(1)(iii) o Securities Act Section 4(a)(5)
  o Investment Company Act Section 3(c)

7. Type of Filing
x New Notice Date of First Sale 2021-04-16 o First Sale Yet to Occur
o Amendment

8. Duration of Offering
Does the Issuer intend this offering to last more than one year? o Yes x No

9. Type(s) of Securities Offered (select all that apply)
o Pooled Investment Fund Interests o Equity
o Tenant-in-Common Securities x Debt
o Mineral Property Securities o Option, Warrant or Other Right to Acquire Another Security
o Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security o Other (describe)
  


10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? o Yes x No
 
Clarification of Response (if Necessary) 
  

11. Minimum Investment
Minimum investment accepted from any outside investor$ 1000 USD

12. Sales Compensation
RecipientRecipient CRD Number o None
 Performance Trust Capital Partners, LLC 36155
(Associated) Broker or Dealer x None(Associated) Broker or Dealer CRD Number x None
    
Street Address 1Street Address 2
 500 W MADISON STREET SUITE 450
City State/Province/CountryZIP/Postal Code
 CHICAGO ILLINOIS 60661
State(s) of Solicitation o All States o Foreign/Non-US
 COLORADO
 CONNECTICUT
 FLORIDA
 ILLINOIS
 INDIANA
 IOWA
 KANSAS
 KENTUCKY
 LOUISIANA
 MARYLAND
 MASSACHUSETTS
 MICHIGAN
 MINNESOTA
 MISSOURI
 NEBRASKA
 NEW YORK
 PENNSYLVANIA
 SOUTH DAKOTA
 TEXAS
 VIRGINIA
 WASHINGTON
 WISCONSIN
 

 



13. Offering and Sales Amounts
Total Offering Amount $ 30000000 USD o Indefinite
Total Amount Sold $ 30000000 USD 
Total Remaining to be Sold $ 0 USD o Indefinite
 
Clarification of Response (if Necessary)
  


14. Investors
o Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors,
Number of such non-accredited investors who already have invested in the offering
 
  Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering: 44


15. Sales Commissions & Finders’ Fees Expenses
Provide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.
Sales Commissions$ 600000 USD x Estimate
Finders' Fees$ 0 USD o Estimate
 
Clarification of Response (if Necessary)
  


16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
 $ 0 USD o

1 Year Southern Michigan Bancorp (PK) Chart

1 Year Southern Michigan Bancorp (PK) Chart

1 Month Southern Michigan Bancorp (PK) Chart

1 Month Southern Michigan Bancorp (PK) Chart