OXFORD, Mich., Dec. 5 /PRNewswire-FirstCall/ -- Jeffrey M. Davidson, chairman, president, and chief executive officer of Oxford Bank, a subsidiary of Oxford Bank Corporation (OTC:OXBC) (BULLETIN BOARD: OXBC) , announced today the retirement of Nicholas W. Hevron, senior vice president and chief financial officer. The retirement was effective November 27, 2007. (Photo: http://www.newscom.com/cgi-bin/prnh/20071205/CLW089 ) Mr. Hevron's 43-year career in banking and financial services began in 1964 with Wayne Oakland Bank and has included two, separate periods of employment with Oxford Bank. He first worked for Oxford Bank between 1972 and 1978 as the senior financial officer. After, again, working for Wayne Oakland Bank as a vice president until 1983, Mr. Hevron owned and operated his own bank consulting firm managing client bank investment portfolios. Finally, he was a registered representative for a third-party provider of annuities and mutual funds assigned to work with Oxford Bank customers when he was rehired by the Bank in December of 1994 as vice president and controller. Mr. Hevron added the duties of cashier in May of 1999 and received the designation of chief financial officer for both the Bank and the Corporation in December of that same year. His responsibilities since rejoining the Bank 13 years ago had included financial management, accounting, management and regulatory reporting, investments, asset liability management, and shareholder relations. A graduate of the Stonier Graduate School of Banking, Mr. Hevron parlayed his vast knowledge and background into teaching, serving as a past instructor for the Northern Michigan School of Banking in Marquette, the Southeast Chapter of the American Institute of Banking, and the Oxford Community Schools Continuing Education Program. Throughout his career, Mr. Hevron served on numerous corporate boards, professional organizations, and service organizations, including the board of Michigan Bankers Title of Mid-Michigan, vice chair of the Michigan Bankers Association Funds Management Committee, the board of the Echo Grove Salvation Army Camp, vice chairman of the former Oxford Community Development Authority, a member of the current Oxford Downtown Development Authority and a chair of its Economic Restructuring committee, and a driver for the Oxford Meal-On-Wheels program. Mr. Davidson made the announcement and commented, "I would personally like to thank Nick for his tireless commitment to Oxford Bank over the last 13 years. Nick has been an outstanding leader, bringing strong character and a sharp mind to our senior management team. His contributions to the success of our institution are undeniable and his guidance will be sorely missed. This retirement is well-earned and I wish Nick all the best as he now focuses all his energy on enjoying what he loves most ... his family." 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 http://www.oxfordbank.com/. http://www.newscom.com/cgi-bin/prnh/20071205/CLW089 http://photoarchive.ap.org/ DATASOURCE: Oxford Bank Corporation CONTACT: Anthony P. Lasher of Oxford Bank Corporation, +1-248-628-2533, Fax: +1-248-969-7230 Web site: http://www.oxfordbank.com/

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