Exhibit 99.1

FENTURA FINANCIAL, INC.
P.O. BOX 725
FENTON, MI 48430-0725

Contact:		Donald L. Grill Fentura Financial, Inc. (810) 714-3985 November 5, 2010

FENTURA ANNOUNCES THIRD QUARTER RESULTS AND
FEDERAL RESERVE BANK ACTION

     For the quarter ended September 30, 2010, Fentura Financial, Inc. reported an operating loss of $2,337,000, or $1.03 per share. At the close of the third quarter of 2009, Fentura reported an operating loss of $847,000, or $0.38 per share. For both calendar year quarters, extraordinary loan loss provision created the operating losses as many bank borrowers continue to struggle in making their loan repayment obligations. Non-performing asset totals declined $5,777,000 or 16.6% from the end of the third quarter 2009 through 2010. The subsidiary banks have been successful in dealing effectively with non-performing assets, in part, by selling such assets at or near carrying values. According the Fentura CEO Donald L. Grill, “While many of our borrowers continue to experience financial stress because of the recession, we are finally beginning to see some stabilization of property values and an improvement in the financial condition of some borrowers.”

     On a year to date basis, the 2010 operating loss of $5,600,000, or $2.47 per share reflects improvement from the $17,871,000 or $8.13 per share loss in 2009. The improvement in the year to year performance reflects improvement in the bank’s overall asset quality. Similar to the results for the quarter, extraordinary loan loss provision dominated the financial results for both year to date periods.

     Asset quality problems aside, the company has achieved year over year improvement in the areas of net interest margin, non interest income and non interest expense. The 2010 year to date net interest margin of 3.66% reflects a 26 basis point improvement over the margin through the same period in 2009. Similarly, year to date 2010 non interest income of $4,088,000 exceeded the 2009 year to date total by $843,000 or 26.0%. The continued focus on expense control at the subsidiary banks is apparent as total operating expenses declined $1,644,000 on a year to date basis between 2009 and 2010.

     Total assets reflect a sharp decline of $105,614,000 between September 30, 2009 and September 30, 2010. Approximately half of the decline is attributable to the sale of Davison State Bank which took place in April of 2010. The remaining portion of the decline is a result of asset and liability management strategies employed by the banks to reduce the size of the bank balance sheets to maintain adequate levels of capitalization. At September 30, 2010, both subsidiary banks were considered adequately capitalized by regulatory standards. Continued operating losses caused a $3,475,000 decline in shareholders equity on a year to year basis.

     In late October, Fentura received authorization from the Federal Reserve Bank to form a special purpose subsidiary in connection with the planned sale of West Michigan Community Bank. This was the final regulatory approval required in connection with the proposed sale, which is now expected to take place prior to year-end 2010. As announced earlier in the year, Fentura has agreed to sell the bank to private investors in a transaction that will recover a $9,484,000 investment in the bank and provide an approximate $950,000 gain to Fentura. In a simultaneous transaction, Fentura will acquire certain non-performing assets from the bank to be housed and serviced from the newly formed Fentura subsidiary. As the non-performing assets are converted to performing loans or liquidated, the proceeds will be available to strengthen the capital position of The State Bank through paid-in-capital injections by Fentura. It is expected that completion of the sale will also increase the Tier 1 leverage capital ratio of Fentura from 4.61% to 6.58%.

     In an unrelated action, the Federal Reserve Bank of Chicago and Fentura Financial, Inc. have entered into a written agreement designed to strengthen the overall financial condition of the company. Among other things, the agreement calls for a commitment to oversight responsibilities involving the subsidiary banks, stock, debt, dividend and distribution limitations at both the bank and holding company levels, cash flow projections, capital plans and periodic regulatory reporting. A copy of the written agreement is attached as an exhibit to this release.

# # #

CAUTIONARY STATEMENT: This press release contains certain forward-looking statements that involve risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services pricing. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Further information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s filing with the Securities and Exchange Commission.

Fentura Financial Inc.
Consolidated Balance Sheets
(Dollars in thousands)
UNAUDITED

		Sep 30				Jun 30				Mar 31				Dec 31				Sept 30
		2010				2010				2010				2009				2009
ASSETS
Cash and cash equivalents
Cash and due from banks		$	14,787			$	15,535			$	17,019			$	18,459			$	18,814
Short term investments			39,700				28,050				28,650				23,650				27,250
Total cash & cash equivalents			54,487				43,585				45,669				42,109				46,064
Securities:
Securities available for sale			54,786				45,604				42,113				43,608				49,405
Securities held to maturity			4,471				4,697				5,453				5,456				5,577
Total securities			59,257				50,301				47,566				49,064				54,982
Loans held for sale			1,877				1,259				1,265				831				1,434
Loans:
Commercial			228,731				244,672				252,231				252,764				270,542
Real estate — construction			15,439				17,578				20,129				26,295				34,072
Real estate — mortgage			23,719				24,465				25,751				28,058				30,829
Consumer			42,806				43,567				45,509				48,313				50,438
Total loans			310,695				330,282				343,620				355,430				385,881
Less: Allowance for loan losses			(15,037	)			(14,227	)			(12,338	)			(10,726	)			(14,485	)
Net loans			295,658				316,055				331,282				344,704				371,396
Bank owned life insurance			7,070				7,318				7,267				7,221				7,138
Bank premises and equipment			15,254				15,471				15,697				15,914				16,111
Federal Home Loan Bank stock			1,900				1,900				1,900				1,900				1,900
Accrued interest receivable			1,582				1,743				1,927				1,813				2,020
Acquisition intangibles			84				105				126				157				189
Other Real Estate Owned			9,003				7,948				8,928				7,967				6,856
Assets of discontinued operations			—				—				37,378				37,919				41,195
Other assets			3,206				9,605				9,989				12,480				5,707
TOTAL ASSETS		$	449,378			$	455,290			$	508,994			$	522,079			$	554,992
LIABILITIES & SHAREHOLDERS’ EQUITY
LIABILITIES
Deposits:
Non-interest bearing deposits			68,361				69,955				65,886				64,530				63,786
Interest bearing deposits			340,882				341,429				362,903				376,245				405,080
Total deposits			409,243				411,384				428,789				440,775				468,866
Short-term borrowings			116				10				67				164				34
Federal Home Loan Bank Advances			5,954				7,954				7,981				7,981				9,981
Subordinated debentures			14,000				14,000				14,000				14,000				14,000
Liabilities of discontinued operations			—				—				34,596				35,217				38,164
Accrued interest, taxes & other liabilities			3,993				4,047				3,318				3,410				4,400
Total liabilities			433,306				437,395				488,751				501,547				535,445
STOCKHOLDERS’ EQUITY
Common stock — no par value
5,000,000 shares authorized			43,002				42,974				42,945				42,913				42,883
Retained earnings			(27,257	)			(24,920	)			(22,140	)			(21,657	)			(22,548	)
Accumulated other comprehensive income (loss)			327				(159	)			(562	)			(724	)			(788	)
Total stockholders’ equity			16,072				17,895				20,243				20,532				19,547
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY		$	449,378			$	455,290			$	508,994			$	522,079			$	554,992
Common stock shares issued & outstanding			2,289,912				2,276,441				2,267,135				2,248,553				2,225,214
Asset Quality Ratios:
Non-Performing Loans as a % of Total Loans			5.96	%			6.18	%			5.96	%			6.56	%			6.73	%
Allowance for Loan Losses as a % of Non-Performing Loans			80.69	%			69.47	%			60.00	%			45.87	%			56.12	%
Accruing Loans Past Due 90 Days More to Total Loans			0.00	%			0.35	%			0.12	%			0.09	%			0.05	%
Non-Performing Assets as a % of Total Assets			6.45	%			6.87	%			6.52	%			6.96	%			6.27	%
Quarterly Average Balances:
Total Loans			322,276				338,814				356,573				373,415				392,044
Total Earning Assets			414,782				418,691				427,638				448,117				456,172
Total Shareholders’ Equity			18,260				19,870				20,750				20,281				20,167
Total Assets			457,986				477,761				513,830				530,250				562,326
Diluted Shares Outstanding			2,277,406				2,276,441				2,249,917				2,226,745				2,210,613

Fentura Financial Inc.
Consolidated Income Statements
(Dollars in thousands, except per share data)
UNAUDITED

		Three Months ended																				Nine months ended
		Sep 30				Jun 30				Mar 31				Dec 31				Sept 30				Sep 30				Sep 30
(prior periods restated with out DSB)		2010				2010				2010				2009				2009				2010				2009
Interest income:
Interest & fees on loans		$	5,030			$	5,200			$	5,306			$	5,665			$	5,936			$	15,536			$	18,399
Interest & dividends on securities:
Taxable			340				297				292				323				403				929				1,213
Tax-exempt			54				104				124				128				136				282				418
Interest on federal funds sold			12				10				5				3				2				27				1
Total interest income			5,436				5,611				5,727				6,119				6,477				16,774				20,031
Interest expense:
Deposits			1,451				1,594				1,817				2,035				2,278				4,862				7,503
Borrowings			203				198				197				220				226				598				829
Total interest expense			1,654				1,792				2,014				2,255				2,504				5,460				8,332
Net interest income			3,782				3,819				3,713				3,864				3,973				11,314				11,699
Provision for loan losses			2,905				3,619				1,790				3,417				1,940				8,314				11,306
Net interest income after provision for loan losses			877				200				1,923				447				2,033				3,000				393
Non-interest income:
Service charges on deposit accounts			378				403				474				532				519				1,255				1,435
Gain on sale of mortgage loans			214				135				93				155				100				442				612
Trust & investment services income			376				338				389				330				458				1,103				1,285
Gain (Loss) on sale of securities			—				75				—				—				12				—				—
Other than temporary impairment loss			(307	)			—				—				(79	)			—				(307	)			—
Income (Loss) on Equity Investment			—				—				—				—				—				—				(1,560	)
Other income and fees			522				607				391				481				391				1,595				1,473
Total non-interest income			1,183				1,558				1,347				1,419				1,480				4,088				3,245
Non-interest expense:
Salaries & employee benefits			2,013				2,063				2,114				1,942				2,129				6,191				6,752
Occupancy			430				431				449				423				428				1,310				1,378
Furniture and equipment			395				386				371				406				385				1,152				1,212
Loan and collection			542				433				557				1,204				984				1,532				2,302
Advertising and promotional			25				45				28				22				39				98				126
Loss on Equity Impairment			—				—				—				9				—				—				—
Loss/(Recovery) on impairment of held for sale operations			—				—				—				—				—				—				—
Other operating expenses			1,242				1,012				1,048				1,271				1,016				3,301				3,458
Total non-interest expense			4,647				4,370				4,567				5,277				4,981				13,584				15,228
Income (loss) from continuing operations before income tax			(2,587	)			(2,612	)			(1,297	)			(3,411	)			(1,468	)			(6,496	)			(11,590	)
Federal income taxes (benefit)			(250	)			53				(327	)			(4,034	)			(332	)			(524	)			5,266
Net income (loss) from continuing operations			(2,337	)			(2,665	)			(970	)			623				(1,136	)			(5,972	)			(16,856	)
Net Income (loss) from discontinued operations, net of tax			—				(115	)			487				267				289				372				(1,015	)
Net Income (loss)		$	(2,337	)		$	(2,780	)		$	(483	)		$	890			$	(847	)		$	(5,600	)		$	(17,871	)
Net Income (Loss) per share from continuing operations:
Basic and diluted earnings		$	(1.03	)		$	(1.17	)		$	(0.43	)		$	0.28			$	(0.51	)		$	(2.64	)		$	(7.67	)
Net Income (Loss) per share from discontinued operations:
Basic and diluted earnings		$	—			$	(0.06	)		$	0.22			$	0.12			$	0.13			$	(0.17	)		$	(0.46	)
Net Income (Loss) per share:
Basic and diluted earnings		$	(1.03	)		$	(1.23	)		$	(0.21	)		$	0.40			$	(0.38	)		$	(2.47	)		$	(8.13	)
Performance Ratios:
Return on Average Assets			-0.51	%			-0.58	%			-0.09	%			0.17	%			-0.15	%			-1.55	%			-4.16	%
Return on Average Equity			-12.80	%			-13.99	%			-2.33	%			4.39	%			-4.20	%			-28.56	%			-59.04	%
Net Interest Margin (FTE)			3.66	%			3.66	%			3.59	%			3.49	%			3.53	%			3.66	%			3.40	%
Book Value Per Share		$	7.02			$	7.86			$	8.93			$	9.13			$	8.78			$	7.02			$	8.78
Net Charge-offs			2,095				1,908				178				7,278				1,425				4,003				7,276
Ratio of Net charge-offs to Gross Loans			0.67	%			0.58	%			0.05	%			2.05	%			0.48	%			1.29	%			1.89	%