FORM 4 [  ]   Check this box if no longer
       subject to Section 16. Form 4 or
       Form 5 obligations may continue.
       See Instruction 1(b).

(Print or Type Responses) UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*
                  McKenney                    Thomas                         P. (Last)                      (First)                      (Middle)
c/o Fentura Financial, Inc., 175 North Leroy Street P.O. Box 725 (Street)
                    Fenton                       MI                        48430 (City)                      (State)                      (Zip)
2. Issuer Name and Ticker or Trading
    Symbol
    Fentura Financial, Inc. - FETM
3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary) 4. Statement for
    Month/Day/Year
    03/12/2003
5. If Amendment,
    Date of Original
    (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
X   Director                                10% Owner      Officer (give title below)          Other (specify below)
Description           7. Individual or Joint/Group Filing
   (Check Applicable Line)
X   Form filed by One Reporting Person      Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security     (Instr. 3)	2.Transaction     Date (Month/Day/Year)	2A. Deemed       Execution       Date, if any (Month/Day/Year)	3. Trans-     action     Code     (Instr. 8)		4. Securities Acquired (A) or Disposed     of (D)     (Instr. 3, 4, and 5)			5. Amount of     Securities     Beneficially     Owned     Following     Reported     Transaction(s)     (Instr. 3 and 4)	6. Owner-     ship     Form:     Direct     (D) or     Indirect     (I)     (Instr. 4)	7. Nature of      Indirect      Beneficial      Ownership     (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2003		P	--	32	A	$34.25	2,822.3359	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. (Over)
SEC 1474 (9-02)

FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative     Security     (Instr. 3)

2. Conver-     sion or     Exercise     Price of     Deri-     vative     Security

3. Trans-     action     Date (Month/ Day/ Year)

3A. Deemed Execution Date, if any (Month/ Day/ Year)

4. Trans-     action     Code     (Instr.8)

5. Number of Deriv-     ative Securities Ac-     quired (A) or Dis-     posed of (D)     (Instr. 3, 4 and 5)

6. Date Exercisable     (DE) and     Expiration     Date (ED)     (Month/Day/Year)

7. Title and Amount of     Underlying Securities     (Instr. 3 and 4)

8. Price of     Derivative     Security     (Instr.5)

9. Number of     Derivative     Securities     Beneficially     Owned     Following     Reported     Trans-     action(s)     (Instr.4)

10. Owner-      ship      Form of      Deriv-      ative      Security:      Direct      (D) or      Indirect      (I)      (Instr.4)

11. Nature of       Indirect       Beneficial       Ownership       (Instr.4)

Code

V

A

D

DE

ED

Title

Amount or Number of Shares

Explanation of Responses:

 
 
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. /s/ John Emmendorfer ** Signature of Reporting Person
John Emmendorfer for Thomas P. McKenney
by Power of Attorney 03/14/03 Date