Clarkston Financial Corporation is a bank holding company for Clarkston State Bank (the Bank), which provides commercial and consumer banking services for small to medium-size businesses and individuals. The Banks initial primary service area is Independence Township, which includes the City of Clarkston and the adjacent township of Waterford, both of which are located in North Oakland County, Michigan. The Banks lending strategy is to focus on commercial, consumer and residential real estate lending. It offers deposit products and may also provide customers with trust services through third-party service providers. As of December 31, 2002, the Company had total assets of $115.3 million, total deposits of $104.9 million, approximately 7,375 deposit accounts and shareholders equity of $9.8 million.