Exhibit 10.11

# HURON VALLEY STATE BANKStock Compensation Plan

# STOCK OPTION AGREEMENT

STOCK
OPTION AGREEMENT, made this _____ day of _____________, 200___, between HURON VALLEY STATE
BANK (herein called the Bank) and __________________________, a director or
employee of the Bank (the Grantee), pursuant to the Huron Valley State Bank
Stock Compensation Plan (herein called the Plan).

IT
IS AGREED AS FOLLOWS:

|1. | Grant
of Option
|-- | ---------------

Pursuant
to the Plan and the terms of this Agreement, the Bank hereby grants to Grantee, an
Eligible Director under the terms of the Plan, the option to purchase __________________
(________) shares of the Banks common stock.

|2. | Purchase
Price
|-- | --------------

The
purchase price of the shares covered by this option shall be Ten Dollars ($10.00) per
share, which represents one hundred percent (100%) of the Fair Market Value of the
Banks common stock on this date (Grant Date).

|3. | Additional
Terms
|-- | ----------------

| | (a) | Exercise
Period
| | --- | ---------------

The
Option may be exercised and Option Shares may be purchased at any time and from time to
time on or after the first anniversary of the date of this Agreement and prior to the
tenth anniversary of the date of this Agreement (Exercise Period), subject to
the following:

| | (1)       
               This Option may not be exercised after the earlier of (a) ninety (90) days after
               the date on which Grantees service as a director or employee terminates
               for reasons other than Death or Disability, (b) twelve (12) months after the
               date on which Grantees service as a director or employee terminates by
               reason of Death or Disability, or (c) the tenth anniversary of the Grant Date.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (2)       
               On each date set forth below, this Option will vest and become exercisable with
               respect to the percentage of shares subject to this Option, as set forth
               opposite such date, if the Grantee is serving as a director or employee of the
               Bank or a Subsidiary at that time:
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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|Date               | Percent of OptionShares Vested to Date
|------------------ | --------------------------------------
|____________, 2006 |                                       
|____________, 2007 |                                       
|____________, 2008 |                                       
|____________, 2009 |                                       
|____________, 2010 |                                       

| | If
the Grantee ceases to be a director or employee of the Bank for any reason, then the
Grantee shall forfeit this Option with respect to any shares not vested as of the date the
Grantee ceases to be a director.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | Required
Exercise or Forfeiture
| | --- | -------------------------------

Notwithstanding
anything to the contrary in the Plan or this Option, the Grantee acknowledges and agrees
that he or she will exercise or forfeit this Option if required to do so by the Bank.
Pursuant to the Plan, the primary federal regulator of the Bank may direct the Bank to
require such exercise or forfeiture if the capital of the Bank falls below the minimum
capital required by applicable laws, rules and regulations.

| | (c) | Procedure
for Exercise
| | --- | ----------------------

Subject
to conditions of this Agreement, including the vesting requirements of paragraph 3(a)(4),
the Option may be exercised at any time and from time to time during the Exercise Period
in accordance with the vesting requirements by delivering written notice to the Bank,
signed by the Grantee or Post-Death Representative, specifying the number of Option Shares
to be purchased and accompanied by this Agreement.

| | (d) | Payment
of Option Price
| | --- | -----------------------

The
Option Price shall be paid in full either in cash or by check.

|4. | Non-Transferability
of Option
|-- | -----------------------------

Except
as otherwise provided in this paragraph, this Option shall not be sold, pledged, assigned
or transferred in any way, nor be assignable by operation of law or subject to execution,
levy, attachment or similar process. Any attempted sale, pledge, assignment or other
transfer of this Option contrary to the terms hereof, and any execution, levy, attachment
or similar process upon the Option, shall be null and void and without any effect. This
Option may not be transferred if the transfer would constitute a violation of any
applicable federal or state securities or other law or valid regulation. As a condition to
the transfer of this Option, the Bank may require the proposed transferee to make any
representations and warranties to the Bank as the Bank may deem to be required by
applicable law or regulation. In such event, the Option may not be transferred unless and
until the Bank is satisfied with the correctness of any such representation and warranty.
Moreover, the Bank, in its discretion, may postpone the transfer of this Option until
completion of such stock exchange listing, or registration, or other qualification under
any state and/or federal law, rule or regulation as the Bank may consider appropriate.

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|5. | Conformity
with Plan
|-- | --------------------

The
Option is intended to conform in all respects with and is subject to all applicable
provisions of the Plan which is incorporated herein by reference. Any inconsistencies
between this Agreement and the Plan shall be resolved in accordance with the terms of the
Plan. By executing and returning the enclosed copy of this Agreement, Grantee acknowledges
receipt of the Plan and agrees to be bound by all of the terms of the Plan.

|6. | Service
as a Director or Employee
|-- | ---------------------------------

Grantee
acknowledges that nothing in this Agreement or in the Plan imposes upon the Bank, its
Board of Directors, or its shareholders any obligation to retain or elect the Grantee as
director of the Bank or continue the employment of the Grantee for any period.

|7. | Adjustments
|-- | -----------

The
Bank shall make appropriate and proportionate adjustments, to the number of Option Shares
and the Option Price to reflect any stock dividend, stock split, or combination of shares,
merger, consolidation, or other change in the capitalization of the Bank, as provided in
Article 11 of the Plan. In the event of any such adjustment, all new, substituted, or
additional securities or other property to which Grantee is entitled under the Option
shall be included in the term Option Shares.

|8. | Postponement
of Delivery of Shares and Representations
|-- | ------------------------------------------------------

The
Bank, in its discretion, may postpone the issuance or delivery of Shares upon any exercise
of this Option until completion of the registration, or other qualification of such shares
under any state and/or federal law, rule, or regulation as the Bank may consider
appropriate. The Bank may require any person exercising this Option to make such
representations, including a representation that it is their intention to acquire Shares
for investment and not with a view to distribution thereof, and furnish such information
as it may consider appropriate in connection with the issuance or delivery of the Shares
in compliance with applicable laws, rules and regulations. No Shares shall be issued
unless the Bank is satisfied with the accuracy of any such representations.

|9. | Rights
as a Shareholder
|-- | -----------------------

The
Grantee shall have no rights as a shareholder with respect to any Option Shares until the
Grantee becomes the holder of record of such shares.

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|10. | Further
Actions
|--- | ---------------

The
parties agree to execute such further instruments and to take such further actions as may
reasonably be required to carry out the intent of this Agreement.

|11. | Notice
|--- | ------

Any
notice required or permitted hereunder shall be given in writing and shall be deemed
effectively given upon personal delivery or upon deposit in the United States Post Office,
by registered or certified mail with postage and fees prepaid, addressed to the other
party hereto at the address set forth in this Agreement or at such other address as such
party may designate by ten days advance written notice to the other party.

|12. | Successors
and Assigns
|--- | ----------------------

This
Agreement shall be binding upon and inure to the benefit of the successors and assigns of
the Bank and, subject to the restrictions on transfer set forth herein, be binding upon
and inure to the benefit of Grantees heirs, personal representatives, successors,
and permitted assigns.

|13. | Governing
Law
|--- | -------------

This
Agreement and all documents contemplated hereby, and all remedies in connection therewith
and all questions or transactions relating thereto, shall be construed in accordance with
and governed by the laws of the state of Michigan.

|14. | Entire
Agreement
|--- | ----------------

This
Agreement constitutes the entire understanding between the Grantee and the Bank with
respect to the Option Shares and supersedes all other agreements, whether written or oral,
with respect to such Shares.

[Signatures appear
on the following page.]

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IN
WITNESS WHEREOF, this Stock Option Agreement has been executed as of the date first above
written.

| |  | HURON
VALLEY STATE BANKBy:        
        David Blossey
        President
| |  | ----------------------------------------------------------------------------------------

The undersigned hereby acknowledges
having read this Agreement, the Plan, and the other enclosures to this Agreement and
hereby agrees to be bound by all provisions set forth herein and in the Plan.

| |  | GRANTEE
Signature
(Please print name)
Address:
| |  | --------------------------------------------------------------------------------------------------------------------

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# Record of Exercise

|Date | Number of Shares | Price Per Share | Shares Subject toOption After Exercise
|---- | ---------------- | --------------- | --------------------------------------

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