Oxford Bank Partners With Marc M. Powers of Raymond James Financial Services

OXFORD, Mich., Oct 02, 2008 /PRNewswire-FirstCall via COMTEX/ -- RJF | Quote | Chart | News | PowerRating -- Oxford Bank, a subsidiary of Oxford Bank Corporation (OTC Bulletin Board: OXBC), announced today the hiring of Marc M. Powers, a licensed Raymond James Financial Services representative, to manage the non-traditional banking portfolios of the Bank's customers. Since 2002, Oxford Bank has maintained a third-party agreement with the Tampa, Florida investment firm allowing for a registered agent to represent and service the Bank's customers who are seeking to acquire non-traditional banking products such as stocks, bonds, mutual funds and insurance.

(Photo: http://www.newscom.com/cgi-bin/prnh/20081002/CLTH115 )

Mr. Powers officially joined the Bank on September 8, 2008. He brings over 11 years of financial planning experience with Raymond James Financial Services to this position. In addition to advising and assisting Oxford Bank individual and commercial customers with the purchase of investment options, he will also provide expertise in financial research and planning, along with tax and estate planning.

A Clarkston resident, Mr. Powers holds a Bachelor of Science in business administration and finance as well as an Associates Degree in real estate management from Ferris State University.

Jeffrey M. Davidson, chairman, president and chief executive officer of the Corporation and the Bank, announced the appointment and commented, "I am very excited to announce our relationship with Marc and look forward to working with him. His skills as a financial planner coupled with his demonstrated ability to foster strong relationships with co-workers and clients will prove important as we look to grow this area of our business. It is also important to note that Marc has worked in our local communities for over a decade and is already a familiar face with many individuals who bank with us. This should allow him to transition quickly and begin providing Oxford Bank customers with the kind of quality service that they have come to expect."

Mr. Powers Raymond James Financial Services office is located at 720 N. Lapeer Rd., Suite 201 in Lake Orion, Michigan. He can be reached via phone at 248-814-6580 or by e-mail at marc.powers@raymondjames.com.

Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company. It is the oldest commercial bank in Oakland County and operates eight full-service offices in Clarkston, Davison, Dryden, Goodrich, Lake Orion, Oakland Township, Ortonville and Oxford. It also manages a consumer lending center in Oxford and a commercial banking office in Lake Orion. The Bank has operated continuously under local ownership and management since it first opened for business in 1884. For more information about Oxford Bank and its complete line of financial services, please visit www.oxfordbank.com.

SOURCE Oxford Bank Corporation

http://www.oxfordbank.com

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