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Department of Insurance and Financial Services to Begin Supervision of Huron National Bank as it Becomes Huron State Bank

Media Contact: Laura Hall, 517-290-3779,
Consumer Hotline: 877-999-6442,


(LANSING, MICH) The Michigan Department of Insurance and Financial Services (DIFS) today announced that it will assume supervisory duties for Huron National Bank as it converts from a national bank to a state-chartered bank, a change that will bring local support and oversight to the bank and the consumers it serves. After the transition, this will be the 75th bank supervised by DIFS.

“This is a small-town community bank, and the transition from federal to state regulation stands to benefit the institution and its customers,” said DIFS Director Anita Fox. “State supervision will provide bank management local support, consultation, and supervision by regulators who truly care for Michigan’s consumers and economy.”

Founded on May 12, 1980, Huron National Bank has focused on providing traditional services to locals in the Presque Isle County area for the past 40 years. As part of this transition, the bank has changed its name to Huron State Bank effective Sept. 25, 2020.

While charter conversions are not common, local supervision and consultation of Huron State Bank by DIFS will allow for more attention to be paid to local and state economics and trends, and clearer communication between the bank and supervisor. Additionally, Huron State Bank will benefit from much lower costs on annual assessments as a state-chartered bank. Deposits held at Huron State Bank will still be federally insured to $250,000 by the FDIC. The last conversion from a national charter to a state charter in Michigan occurred in late 2017.

“DIFS’ analysts and examiners are poised to provide exceptional support and supervision, and the employees and customers of Huron State Bank can have confidence that they will be supported by a team of dedicated Michiganders,” said Acting Director of DIFS Office of Banking, Aaron Luetzow. “This conversion is a testament to the strong work of the DIFS team and its commitment to Michigan financial intuitions and consumers.”

Huron National Bank was formerly supervised by the Office of the Comptroller of the Currency, the primary regulator of banks chartered under the National Bank Act (12 USC 1 et seq.). As a state-chartered bank, Huron State Bank will be supervised by DIFS.

The mission of the Michigan Department of Insurance and Financial Services is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security, and success of Michigan residents, while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan residents. For more information, visit or follow the Department on Facebook, Twitter, or LinkedIn.