Sturgis Bancorp Appoints Leonard L. Eishen Chairman

STURGIS, Mich., March 31 /PRNewswire-FirstCall/ -- Sturgis Bancorp, Inc.
(OTC Bulletin Board: STBI) today announced the appointment of Leonard L.
Eishen as Chairman. Mr. Eishen is the former President and Chief Executive
Officer of the Company. He retired from the Company in 2003. He was also the
President of Sturgis Bank & Trust Company, the wholly owned subsidiary of the
Company, since 1980 and Chief Executive Officer since 1976 until retiring in
2002. He is 70 years old and has been a Director of the Company or Bank since
1976. He is a member of the Sturgis Foundation Investment Committee and
Sturgis Rotary Club. He is a board member for the Sturgis Neighborhood Program
and a member of the Salvation Army Advisory Board for St. Joseph and Branch
Counties. He is a past Chairman of the Michigan League of Community Banks. He
is a former member of the board of directors of America's Community Bankers
(1998-2002) and former Vice Chairman of District V (1998) of the Michigan
Chamber of Commerce. He is also a past Vice Chairman of the Federal Home Loan
Bank of Indianapolis. President and Chief Executive Officer Eric L. Eishen is
his son.
Sturgis Bancorp is the holding company for Sturgis Bank & Trust Company,
and its subsidiaries Oakleaf Financial Services, Inc. and Oak Mortgage, LLC.
Sturgis Bancorp provides a full array of trust, commercial and consumer
banking services from 11 banking centers in Sturgis, Bronson, Centreville,
Climax, Coldwater, Colon, South Haven, Three Rivers and White Pigeon, Mich.
Oakleaf Financial Services offers a complete range of investment and
financial-advisory services. Oak Mortgage offers residential mortgages in all
markets of the Bank.
This release contains statements that constitute forward-looking
statements. These statements regarding commitment of the board of directors
and management and circumstances which "could" or "should" occur and
statements and implications regarding the future financial performance of the
company are forward-looking statements. Such forward-looking statements are
not guarantees of future events or performance and involve risks and
uncertainties, and actual results may differ materially from those in the
forward-looking statement. The ability of the company and its subsidiaries to
preserve well capitalized regulatory status, raise additional capital and
identify and implement favorable strategic opportunities depend on future
events and circumstances and are not assured. Factors that could cause a
difference between an ultimate actual outcome and a preceding forward-looking
statement include, but are not limited to, changes in interest rates and
interest rate relationships; demand for products and services; the degree of
competition by traditional and non-traditional competitors; changes in banking
laws and regulations; changes in tax laws; changes in prices, levies, and
assessments; the impact of technological advances; government and regulatory
policy changes; the outcome of any pending and future litigation and
contingencies; trends in consumer behavior and ability to repay loans; and
changes of the world, national and local economies. Bancorp undertakes no
obligation to update, amend or clarify forward-looking statements as a result
of new information, future events, or otherwise. The numbers presented herein
are unaudited.
For additional information, visit our website at www.sturgisbank.com.
SOURCE Sturgis Bancorp, Inc.

Eric Eishen, President & CEO, or Brian P. Hoggatt, CFO, both of Sturgis
Bancorp, +1-269-651-9345