Dart Bank, founded in 1925, is an independent community bank based in Mason, Michigan, with branches in Holt (just outside the city limits of Lansing) and Grand Ledge. As of December 31, 2006, the bank's assets stood at $228 million, with $202 million in deposits and 92 employees.
The bank was founded by Rollin C. Dart and his son, Doc Campbell Dart, chief executive officer from 1943 to 1960. The founder's grandson, Rollin Dart, was chairman from 1962 to 2005, and president from 1962 to 1999. Under Rollin Dart, the bank expanded to serve nearby areas including Holt, Lansing, and Grand Ledge. Ronald Rhoades took over as president and chief executive officer in 1999, and since 2005 also serves as chairman.
On July 2, 2008 The Dart Bank became the sole subsidiary of the holding company and shares of Dart Financial Corporation were exchanged for those of The Dart Bank. The bank have greater flexibility in making investments in financially related businesses and greater options in dealing with our capital stock, including the repurchase of our own shares, if desired.
