Displaying items tagged: Chemical Bank
MiBiz Growth Report: August 16, 2020
MiBiz growth report for August 16, 2020.
Chemical Bank offices take on TCF name
Former Chemical Bank offices statewide now carry the TCF National Bank name.
TCF Bank $1B loan program for minority-owned biz to extend into West Michigan
TCF Bank’s pledge to lend $1 billion over five years to minority- and women-owned businesses extends into West Michigan, where the company’s market leader in Grand Rapids says the effort will require leveraging community partnerships.
Restrictions in Fed’s Main Street Lending Program could limit appeal
The Federal Reserve Bank’s $600 billion Main Street Lending Program promises to offer small and mid-sized businesses hurt financially by the COVID-19 pandemic with another option to access credit and operating capital.
Reporter's Notebook: Banker beware
In a recent conference call, the president and CEO of Detroit-based TCF Financial Corp. — the parent company of what remains known in Michigan as Chemical Bank — voiced a simple ethic that all businesses, no matter their industry or their size, must keep in mind in the COVID-19 pandemic.
M&A Awards: Orion Real Estate Solutions fills landmark downtown Grand Rapids development
On the heels of a range of downtown developments coming online in recent years, Orion Real Estate Solutions saw further demand for Class A office space in Grand Rapids.
Restaurant fills ground-floor space at new downtown Hyatt Place
GRAND RAPIDS — Orion Real Estate Solutions has filled its developments on Ottawa Avenue with the announcement of ground-floor restaurant Tupelo Honey Southern Kitchen & Bar.
Johnson Center initiative to identify, share best practices for board development
GRAND RAPIDS — The ability of many nonprofits to successfully meet their missions can be directly tied to those who sit on their boards.
‘FLIGHT TO QUALITY:’ Amenity-rich Class A office space still in demand in GR, suburban markets
GRAND RAPIDS — The opportunity to lease brand new office space in the heart of downtown Grand Rapids offered Van Wyk Risk Solutions the chance to grow into a new location.
Amid economic concerns, borrowing remains strong for short-term projects
Commercial bankers say clients’ demand for credit remains strong, although borrowers in West Michigan are carefully watching what’s ahead for the economy.
MiBiz Growth Report: June 24, 2019
Here is the growth report for June 24, 2019.
Edgewater Bank opens Greenville loan office
GREENVILLE — Edgewater Bancorp Inc. opened a loan office in Greenville after hiring a veteran commercial lender.
M&A Outlook: Despite higher interest rates, M&A advisers remain bullish on deal flow for 2019
Professionals expect a vibrant M&A market and strong deal flow this year amid easing U.S. economic growth and rising interest rates.
Crystal Ball 2019 Outlook Q&A: Krista Flynn, Chemical Bank
Krista Flynn joined Chemical Bank in July as regional president for West Michigan, leading a market that includes Grand Rapids and Holland. She previously spent seven years in corporate banking at PNC Bank and 15 years at JPMorgan before going to work at Chemical, the largest bank based in Michigan. Chemical Bank, with more than $20.9 billion in total assets, has been building its commercial banking and wealth management staff, and is presently building out a new regional headquarters in downtown Grand Rapids. Parent company Chemical Financial Corp. also plans to develop a new corporate headquarters in downtown Detroit.
Chemical Financial relocates HQ to Detroit from Midland
Chemical Financial Corp. today relocated its corporate headquarters to Detroit.
Flynn to lead Chemical Bank in West Michigan
Chemical Bank hired Krista Flynn as its regional president for West Michigan.
Initiatives offer loan assistance for urban small businesses
A pair of initiatives across Southwest Michigan have a similar goal: supporting entrepreneurs starting small businesses in their respective cities and urban cores.
With new commercial lenders, Chemical Bank targets middle market firms
Seeking to drive growth and reach further into middle market companies across the Midwest, Chemical Bank has steadily added to its roster of commercial bankers since last summer and developed lending specialties.
Three perspectives on the changing nature of the retail industry
It’s been a tumultuous time for large retailers as consumers gravitate to the convenience of e-commerce and consciously shift their buying habits to local options. As these shifts continue to drive change and stress in the retail industry, many stakeholders still believe it offers significant opportunity. In separate interviews, MiBiz connected with retail advisers to gather their thoughts on the state of the industry, why it’s changing and where it’s going. They were:
Chemical Bank to close 25 branches, trim workforce by 7 percent
Chemical Financial Corp. plans to close and consolidate 25 more branches by the end of the year and trim its workforce 7 percent in a cost-cutting initiative that will generate $20 million in annualized savings.
Indiana’s Horizon Bank launches private banking service based in Grand Rapids
GRAND RAPIDS — Horizon Bank’s move into the West Michigan market provided an opportunity to launch a private banking service based in Grand Rapids that will eventually extend across the corporation.
Orion Construction breaks ground on planned Warner Norcross tower
Longtime surface parking lots in the city’s downtown central business district continue to give way to a new, large-scale development.
Ramaker to retire as Chemical Bank CEO in third quarter
David Ramaker plans to retire in the third quarter as president and CEO of Chemical Financial Corp.
Apartment concerns aside, commercial real estate outlook remains strong
Stakeholders in West Michigan’s commercial real estate and construction industries remain generally upbeat as they look toward the second half of the year.
New SBA director for Michigan to drive awareness of loan programs
The new head of the U.S. Small Business Administration’s Michigan office believes lending should continue to grow, even as volumes for the agency’s federally backed loans keep moving upward.
Concern over craft brewery saturation in West Michigan emerges among lenders
ROCKFORD — When Seth Rivard and his partners opened Rockford Brewing Co. in 2012 along the White Pine Trail about 15 miles north of Grand Rapids, they turned to a federal lending program that backs bank loans for small businesses.
Chemical Bank plans branch closings
Chemical Bank plans to close or consolidate 16 offices this year throughout Michigan as part of a broader move to trim expenses.
Horizon Bank to open downtown Grand Rapids branch
GRAND RAPIDS — Three years after opening a local lending office, Horizon Bank plans to begin developing a branch network in the Grand Rapids market.
ChoiceOne to open Grand Rapids lending office
ChoiceOne Bank plans to open a lending office on West Fulton Avenue in downtown Grand Rapids.