Lotus Bank Routing Number

Lotus Bank of Michigan - Routing Number
72414242	The routing number for Lotus Bank in Michigan is used on Lotus Bank checks and for direct deposits and wire transfers.
Bank Name:	Lotus Bank
Chartered By:	STATE
FDIC Certificate:	#58340
Return On Assets:	0.58%
Return On Equity:	5.18%
Established:	2007-02-28
Data Updated:	2010-06-17
FDIC Insured:	Yes, since 2007-02-28
Insured Savings Institution:	No
Insured Commercial Bank:	Yes

Lotus Bank is a commercial bank located in Michigan, and has 1 branches and offices. Lotus Bank is classified as a commercial bank with a state charter supervised by the FDIC, but not a member of the Federal Reserve.

Lotus Bank holds a total of $74,332 in assets, of which $66,122 are deposits in the savings and checking accounts offered by the bank. Lotus Bank is owned by Lotus Bancorp, Inc., a bank holding company headquartered in Novi.

How to use the Lotus Bank Routing Number

Lotus Bank's routing number is the eight or nine-digit number found on the bottom left hand side of Lotus Bank checks, next to your checking account number and check number.

In the sample check on the left, the routing number is circled in red. Your checks may have a slightly different layout.

Your routing number is used like a bank's address, to ensure that financial transactions (like checks and direct deposits) get sent to the correct banking institution. You will need to know the Lotus Bank Routing Number when setting up direct deposit with your employer, receiving direct-deposit benefits or tax refunds from the U.S. Government, or requesting a direct bank wire payment to your bank account.