Economists project both the U.S. and Michigan economies to gain more strength in the coming year, as employment picks up and Wall Street continues charging ahead.
Michigan’s economy should continue to grow in 2014 and into 2015, adding a projected 130,000 jobs over two years, according to an annual outlook from University of Michigan’s economists.
A new medical outpatient center going up near Rockford will give Mercy Health Saint Mary's a larger presence in northern Kent County.
Stepping into a debate that often pits the haves against the have-nots, Michigan legislators plan to investigate whether Michigan’s health care certificate-of-need regulations work as intended or need to be changed.
As executives crafted a deal that would create the third-largest bank based in Michigan, the term “merger of equals” became not just a catchphrase but a guiding principle.
An Indiana bank plans to expand its presence in West Michigan with the recent opening of a commercial lending office in Grand Rapids and the planned acquisition of a community bank in East Lansing.
The $500,000 that Ryan Vaughn and his partner won in a statewide business competition will help their business expand its web-based platform for high school sports news and information across the country.
Recent collaborations among Michigan hospitals to improve quality and patient safety continued to pay dividends in the last two years.
From improving profitability after the recession to dealing with tougher federal regulations and competing against their much-larger counterparts, community banks today have plenty of challenges. Jim Bosserd sees that firsthand as president and CEO of Sparta-based ChoiceOne Financial Services Inc., the $498 million holding company for ChoiceOne Bank that has a dozen offices in West Michigan. Bosserd, who started his banking career in 1971, was recently elected chairman of the Community Bankers of Michigan. He spoke with MiBiz about community banks and how they are faring in today’s post-recession marketplace.
As real estate markets improved during this year, banks were able to further shed the foreclosed and repossessed properties they picked up during the recession.