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Finance (262)

Legislation pending in Lansing would update and streamline state regulations over Michigan credit unions and potentially enable them to expand services.

Community banks based in West Michigan posted solid loan growth in the last few months, continuing recent momentum brought about by the state’s improved economy.

SEC finalizes equity crowdfunding rules

Written by | Sunday, 08 November 2015 21:34 |

The adoption of final federal rules to allow equity crowdfunding now puts the focus on who will actually use it to raise capital for their business or to make an investment.

M&A deal flow could be peaking, Dykema survey shows

Written by | Sunday, 01 November 2015 21:34 |

Fewer M&A professionals and business executives expect deal flow to strengthen in the year ahead. That’s according to an annual survey by law firm Dykema that indicates M&A activity could be peaking after a hot market the last few years.

GRAND RAPIDS — Opportunity from a planned retirement and the chance to further drive economies of scale led to the proposed transformational merger between Lake Michigan Credit Union and United Federal Credit Union in St. Joseph.

A good economy and participation from more banks across the state drove U.S. Small Business Administration lending to a record level in the last year.

LANSING — As the governor and legislators struggle to agree on a plan to fund upgrades to Michigan’s aging road system, Rich Studley worries that failure to resolve the issue hurts the state’s reputation and business climate.

Start Garden, Emerge West Michigan explore merger

Written by | Sunday, 25 October 2015 22:00 |

GRAND RAPIDS — Early-stage venture capital firm Start Garden LLC and Emerge West Michigan, a public-private partnership focused on services for entrepreneurs in 13 counties, are exploring a merger, MiBiz has learned.

As Chemical Financial Corp. continues to scout for its next acquisition, executives are preparing for a time when the bank surpasses $10 billion in assets and will incur the increased regulatory compliance that comes with it.

A networking event this week in Ypsilanti aims to bring together existing and prospective angel investors in Michigan and explore their opportunities. The Ann Arbor- and Detroit-based Growth Capital Network and Startup Angels of Washington, D.C. will host the Startup Angels Michigan conference on Thursday, Oct. 22, at the Eagle Crest Resort in Ypsilanti.

While capital and credit remain more readily available these days for most small business owners, advisers need to do more to educate their clients and generate awareness of the funding options.

M&A activity remains elevated heading into year end

Written by | Sunday, 27 September 2015 22:13 |

M&A activity remains strong heading toward the last quarter of 2015, sustaining a seller’s market as financial and strategic buyers compete for good deals.

The newest venture capital fund based in West Michigan will seek to partner with other investors in the state to tap their expertise and additional pools of money.

The Federal Reserve’s decision to hold interest rates low disappointed a couple of local economists who say it sends the wrong message about the state of the U.S. economy.

Creating greater awareness of U.S. Small Business Administration lending programs ranks as the top priority for the new head of the Economic Development Foundation.

Fifth Third Bank’s planned closure of three branches in West Michigan, part of a far broader plan to jettison 100 of its more than 1,300 offices in 12 states, illustrates the situation banks face in adapting to the digital age.

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