The Hantz business empire continues to expand in Metro Detroit. Most people know the name Hantz from the
retirement financial services or the Hantz Farms
proposal from Hantz Group founder John Hantz to bring commercial urban agriculture to Detroit. Now, Hantz Bank is poised to become another signature endeavor.
Hantz Group bought the Davidson State Bank in 2010, creating Hantz Bank to provide banking services for its financial services customers. The newly re-formed bank opened a branch in Ann Arbor last year, an office in Southfield, and plans to open a retail branch at its new Southfield headquarters later this year.
All of that growth has meant more jobs. Hantz Bank has hired 20 people in the last year, expanding its staff to 42 people.
"We'll probably double that (employee growth) in 2012," says David Lamb, CEO of Hantz Bank
Hantz Bank's deposits are up $24 million in the last year. Lamb expects assets to grow to $100 million by the end of this year. Another $40 million to $50 million in assets are projected to be added to Hantz Bank's bottom line in 2013.
"Almost all of our growth has come from working with financial services clients," Lamb says.
Source: David Lamb, CEO of Hantz Bank
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.