Karen Mersino Named Board Chair of Oxford Bank Corporation and Oxford Bank

OXFORD, Mich., May 19 /PRNewswire-FirstCall/ -- The board of directors of
Oxford Bank Corporation (OTC Bulletin Board: OXBC), the holding company for
Oxford Bank, announced today the appointment of Karen Mersino to board chair
of both the Corporation and the Bank. The move is pending regulatory
approval. Mrs. Mersino has been a member of the board of directors since
1999.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090519/DE19714 )

Jeffrey M. Davidson, president and chief executive officer of the Corporation
and the Bank, who has served as chairman since April of 2007, commented on the
move, "As I have stated in prior correspondences, the board and management
have remained aggressive in evaluating all areas of our organization as we
look to lead Oxford Bank back to profitability. During the last
twelve-to-eighteen months, we have initiated the reorganization of vital
functional areas, leadership positions, and board and managerial committees,
with an eye toward improving oversight, work flow and the dissemination of
critical information. This current announcement represents the next action in
this process. The separation of the duties of board chair from the internal
president and CEO more closely reflects the manner in which this Board
functions, and always has. During these times of increased outside scrutiny,
perception often over-rules reality. Therefore, I feel it is important to
emphasize that this change is not just symbolic, it is prudent. Karen is an
outstanding business person with a vast background in operating and chairing
numerous corporations and entities. She has been a critical contributing
member of our board for ten years, and is the right choice to assume these
responsibilities. I sincerely look forward to furthering our already strong
professional relationship." Mr. Davidson will remain a member of both boards
of directors.

In addressing her appointment, Mrs. Mersino added, "I'm honored by the board's
decision and their confidence in me. The opportunity to play such an integral
role in the guidance of this historic, 125-year old institution is humbling.
My ten-year association with Oxford Bank has been a rewarding one. I look
forward to broadening that experience as I undertake this new challenge."

A resident of Lapeer, Michigan, Mrs. Mersino is the co-founder, and current
chief financial officer, of Mersino Dewatering and Mersino Enterprises with
operations in Michigan, Ohio and Florida. She is the founder and former
operator of the Oxford Frosty Boy ice cream parlor, as well as a licensed real
estate broker and owner of several property management companies. She, also,
currently serves as a member of the board of trustees of the Lapeer Regional
Medical Center.

Mrs. Mersino's professional leadership experience also includes an eight-year
period as a Brandon School District board member (four as the board's
president), six years as vice chair, and two years as chair, of the Lapeer
County Republican Party, and three years as chair of the board of directors of
Our Lady Academy in Lapeer, Michigan. She has also donated her time as the
chair of the Immaculate Conception Parish council in Lapeer, Michigan and as a
member and officer of the Brandon Sports Boosters.

Oxford Bank Corporation is a registered holding company. Its subsidiary,
Oxford Bank, is the oldest commercial bank in Oakland County, celebrating its
125th year in 2009. The Bank was recently voted the Best Bank in Oakland
County by the readers of the Oakland Press and earned the 1st Place Readers
Choice for Best Bank in December of 2008 by the readers of the Oxford Leader
and the Lake Orion Review. It operates eight full-service offices in
Clarkston, Davison, Dryden, Goodrich, Lake Orion, Oakland Township, Ortonville
and Oxford, along with 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

Anthony P. Lasher of Oxford Bank Corporation, +1-248-969-7227, or Fax:
+1-248-969-7230, lasher@oxfordbank.com