updated 1/13/2011 9:17:12 AM ET 2011-01-13T14:17:12

CLARKSTON, Mich., Jan. 13, 2011 (GLOBE NEWSWIRE) -- Linda Salas has been hired as a vice president within the commercial loan department at Clarkston State Bank ("CSB") with the responsibility for developing lending relationships within the Lake Orion/Oxford market.

Salas has 30 years expertise in the banking industry with a heavy concentration in commercial lending. She was employed by Oxford Bank since 1998 and prior to that by National Bank of Detroit. During her time at Oxford Bank, she was responsible for the oversight of the commercial loan department and management of a $113 million commercial loan portfolio. In addition to developing strong relationships with her clients, Linda was the chairperson of the Board of Directors Loan Executive Committee. 

"The addition of Linda to our commercial loan team demonstrates our continued commitment to lending in northeast Oakland County", says J. Grant Smith, president and chief executive officer of Clarkston State Bank. "Linda's extensive credit experience and knowledge of the local market will be extremely valuable to our team as we complete the final phase of our turnaround and begin the process of rebuilding our balance sheet."

Salas is a graduate of Walsh College where she received her bachelor degree in business administration.

Clarkston State Bank, which opened in January 1999, operates four branches in Clarkston, Waterford and Independence Township, Michigan.

The Clarkston Financial Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8228

CONTACT: J. Grant Smith
         Clarkston Financial Corporation
         (248)922-6945

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