Jonesville bank to close

The Grant County Deposit Bank Jonesville branch is set to close January 2012. The Jonesville community may be a casualty of the national economic and regulatory climate.

“New banking regulations that are coming down the pike, and plus we’re having to compete—we’re the only bank in Grant County that is independent, all the other banks are regional banks.” said Tom McCandless, president of Grant County Deposit Bank. “Given that—we’re having to consolidate operations somewhat in order to be competitive.”

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