Displaying items tagged: Chemical Bank

MiBiz growth report for August 16, 2020.

Former Chemical Bank offices statewide now carry the TCF National Bank name.

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.

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. 

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.

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. 

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. 

GRAND RAPIDS — The ability of many nonprofits to successfully meet their missions can be directly tied to those who sit on their boards.

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. 

Commercial bankers say clients’ demand for credit remains strong, although borrowers in West Michigan are carefully watching what’s ahead for the economy.

Here is the growth report for June 24, 2019.

GREENVILLE — Edgewater Bancorp Inc. opened a loan office in Greenville after hiring a veteran commercial lender.

Professionals expect a vibrant M&A market and strong deal flow this year amid easing U.S. economic growth and rising interest rates.

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 Corp. today relocated its corporate headquarters to Detroit.

Chemical Bank hired Krista Flynn as its regional president for West Michigan.

A pair of initiatives across Southwest Michigan have a similar goal: supporting entrepreneurs starting small businesses in their respective cities and urban cores. 

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. 

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 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.

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.

Longtime surface parking lots in the city’s downtown central business district continue to give way to a new, large-scale development.

David Ramaker plans to retire in the third quarter as president and CEO of Chemical Financial Corp.

Stakeholders in West Michigan’s commercial real estate and construction industries remain generally upbeat as they look toward the second half of the year. 

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.

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 to close or consolidate 16 offices this year throughout Michigan as part of a broader move to trim expenses.

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 Bank plans to open a lending office on West Fulton Avenue in downtown Grand Rapids.