Grand Traverse State Bank Adds Experienced Commercial Lender, Expands Business Support

Grand Traverse State Bank announced on November 5 that Kelly Schramski has joined the bank as Vice President of Commercial Lending in Traverse City. A Michigan State University graduate, Schramski arrives with over 20 years of experience spanning commercial lending, private banking, and Small Business Administration loan programs, and she previously helped lead the former Traverse City State Bank. The bank said she will focus on expanding commercial lending opportunities and supporting business growth across northern Michigan, and the announcement included contact information for Schramski.

Bank executives highlighted Schramski's leadership background and community reputation, framing the hire as part of a strategic push to deepen lending relationships with local firms. For Grand Traverse County businesses this matters because commercial lending is a primary channel through which companies finance expansion, manage seasonal cash flow, and invest in property or equipment. Increased local lending capacity can lower search costs and speed credit decisions for firms that rely on timely financing.

Schramski's experience with SBA loan programs is particularly relevant for small and medium size enterprises that seek government backed financing. SBA backed loans can reduce lending risk for banks while providing longer terms or lower down payments for borrowers. In a region where many enterprises are small proprietorships in retail, hospitality, and services, familiarity with these programs can translate into more competitive financing options and improved access for entrepreneurs seeking to grow or stabilize operations.

The appointment also has signaling value in local financial markets. A seasoned commercial lender with private banking experience can deepen relationships with existing customers and attract new commercial clients, potentially increasing the bank's loan book and altering competitive dynamics among community banks and credit unions in northern Michigan. For borrowers, that competition can mean better pricing and terms, although actual outcomes will depend on broader credit conditions and banks' risk appetites.

Policy and macroeconomic factors will shape how much of an effect this hire produces. Commercial lending decisions remain sensitive to benchmark interest rates, collateral values such as commercial real estate, and overall business confidence in the wake of national economic shifts. Locally, Grand Traverse County's economic mix of tourism, retail, professional services, and small manufacturing means credit demand is often seasonal and tied to visitor flows and real estate trends.

For business owners interested in commercial lending options, the bank release noted that Schramski is available as a contact, signaling the bank's intent to engage directly with the community. As Grand Traverse State Bank moves to expand its commercial footprint, local firms will be watching to see whether new lending initiatives translate into tangible financing offers that support investment and job growth across the county.