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                                                                    EXHIBIT 10.2

                          NORTH COUNTRY BANK AND TRUST
                               130 S. CEDAR STREET
                                 MANISTIQUE, MI
                   SUMMARY OF EMPLOYMENT TERMS FOR JANI BLAKE

         We are pleased that you have accepted our offer of employment with
North Country Bank and Trust. The following is a Summary of the terms and
conditions of your employment:

         1.       Commencement date of Employment: September 1, 2003.

         2.       Position: Executive Vice President - Chief Operating Officer

         3.       Salary: $110,000 per year, prorated on a calendar year basis
from Commencement Date of Employment, paid in accordance with Bank's standard
payroll practices.

         4.       Vacation: Four (4) weeks per year (prorated).

         5.       Additional Benefits: Employee will be entitled to all standard
benefits provided employees of the Bank, including by way of illustration and
not limitation, health coverage, 401(k), etc. These benefits are subject to the
standard policies and practices of the Bank.

         6.       Term: At-will (subject to Paragraphs 9 and 10 hereafter).

         7.       Change in Control/Termination without Cause: If there is a
"Change in Control Transaction" or Employee's employment with Bank is terminated
without cause, the Employee shall receive one year of Employee's then base pay.
For purposes herein, "Change in Control Transaction" shall mean a circumstance
where Employee's termination with Bank is terminated as a consequence of the
sale, liquidation, regulatory closure, or change in management (of the Bank).
Termination without cause means that Employee's employment with Bank is
terminated for any reason other than cause (as hereinafter defined in Paragraph
8).

         8.       Termination for Cause or Resignation: In the event Employee's
termination of employment with Bank is terminated for cause or by Employee's
voluntary resignation, Employee shall not be entitled to any compensation beyond
that earned through the date of termination (for cause) or resignation. For
purposes hereof, the term "cause" shall mean removal of Employee by order of a
regulatory agency having jurisdiction over the Bank, or the Employee's wilful
and repeated failure to perform her duties, which failure is not cured within
thirty (30) days after the Bank gives notice to the Employee.

         9.       Regulatory Conditions: Employee acknowledges and agrees that
all terms of this Summary may, to the extent permitted or required by law,
applicable banking regulations, or by written agreement between the Bank and its
regulatory agencies, and not otherwise waived in writing, may be modified,
terminated, or prohibited (from enforcement) by the regulatory agencies having
jurisdiction or oversight authority regarding the Bank.

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         10.      Miscellaneous:

                  a.       This Summary shall be binding upon and inure to the
benefit of any successor of the Bank and any such successor shall be deemed
substituted for the Bank under the terms of this Summary.

                  b.       This Summary contains the entire agreement of the
parties hereto concerning Employee's employment and cancels any and all other
oral or written agreements or understandings between the Employee and the Bank
with respect to her employment. This Summary may not be changed orally, but only
by agreement in writing signed by both parties.

                  c.       This Summary shall be governed by and construed in
accordance with the laws of the State of Michigan.

                  d.       Jurisdiction and venue for any dispute arising under
this Summary shall rest with the Circuit and/or District Courts for Schoolcraft
County, State of Michigan.

                  e.       Employee acknowledges and agrees that she has fully
investigated the now-current condition of the Bank and acknowledges that the
Bank is a "troubled institution" operating under a Cease and Desist Order and
accepts employment voluntarily with full knowledge of Bank's condition.

Accepted By:                        Accepted By:

                                    NORTH COUNTRY BANK AND TRUST

/s/ Jani Blake                      By /s/ C. James Bess
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Jani Blake                          C. James Bess
                                    Chief Executive Officer and President

9/8/03                              9/8/03
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Date                                Date