As retail customers and small business clients increasingly conduct transactions online or through mobile applications on their smartphones or tablets, those who visit a branch office tend to do more than make a quick deposit or withdrawal. By redesigning and adapting the offices, PNC seeks to stay ahead of the changing times.
As Huntington Bank commits $5 million to extend its microlending initiative to West Michigan, the bank has also forged partnerships with organizations to work with prospective business borrowers in the region.
After establishing a solid presence in the West Michigan market through acquisitions, Old National Bancorp Inc. wants to further build its franchise.
A $3 million follow-on venture capital investment provides growth funding for a Kalamazoo company that offers high-speed telecommunications services to businesses across the state.
As many remain skeptical of crowdfunding’s ability to bolster growth among private-sector entrepreneurs, economic developers have found the fundraising model holds promise for public placemaking efforts statewide.
Private equity investments in Michigan are surging with the rest of the nation, as merger and acquisition activity remains strong and provides plenty of opportunity for prospective buyers.
A Petoskey-based venture capital firm looks to invest in 10 or more medical device startups over the next five years after closing last week on its third fund.
HUDSONVILLE — Backed by a $15 million capital infusion from its owners and a newly expanded commercial lending team, West Michigan Community Bank aims to further grow market share after doubling in size in four years.
Credit unions would have greater flexibility in how they structure business loans if a proposed change in federal regulations takes effect as written.
Community Shores Bank Corp. will seek to raise $6.4 million in needed capital in a stock offering to existing shareholders that would go to pay off debt, maintain operations and improve its capital position.
Despite an initial rush of publicity after it was passed in late 2013, entrepreneurs’ interest in securities-based crowdfunding under the Michigan Invests Locally Exemption (MILE) Act has waned throughout 2015.
The venture capital industry’s success over the last decade in Michigan has created a significant challenge as the demand for funding in the next few years far outpaces the availability of capital, requiring a broader approach by managers creating new funds.
The sale of the parent corporations for Founders Bank & Trust and The Bank of Holland are the latest deals in a merger trend across the banking industry in Michigan that M&A experts expect will only continue to occur in coming years.
After putting about $1 million into four companies during the early months of 2015, Grand Angels looks to close three more deals in the coming weeks.
Even investors and finance professionals say they are feeling the pinch from the widespread labor shortage.
Venture capital investing in Michigan got off to a strong start in 2014, as the amount invested in the first quarter reached the highest value in 15 years.