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Displaying items by tag: ChoiceOne Bank

Tuesday, 17 May 2022 15:56

Federal agencies propose ‘long overdue’ changes to equitable lending rules as banking moves virtual

A proposal by a trio of federal agencies would bring major banking industry regulations into the modern digital age as banking is increasingly done electronically instead of in branch offices.

Published in Finance
Wednesday, 26 January 2022 19:13

ChoiceOne earnings bolstered by prior mergers; bank positioned for growth following capital raise

SPARTA — ChoiceOne Financial Services Inc. recorded higher earnings for 2021, benefitting from mergers that the bank completed in 2019 and 2020.

Published in Finance
Sunday, 16 January 2022 18:41

MiBiz Growth Report: January 17, 2022

Here is the MiBiz Growth Report for January 17, 2022.

Published in Economic Development

Sunday, 16 January 2022 18:19

Michigan community banks leverage tens of millions in capital raises

The $20 million in capital that West Shore Bank Corp. raised toward the end of 2021 will go to support further commercial loan growth.

Published in Small Business
Tuesday, 07 September 2021 14:19

ChoiceOne Bank raises $32.5 million to support growth plans, shareholder value

SPARTA — ChoiceOne Financial Services Inc. has raised $32.5 million in capital through a private placement of subordinate debt.

Published in Finance
Thursday, 29 July 2021 10:06

ChoiceOne reports higher quarterly earnings amid ‘signs of economic recovery’

SPARTA — ChoiceOne Financial Services Inc. reported higher second-quarter earnings as the economic recovery from the COVID-19 pandemic continues.

Published in Finance

Sunday, 24 May 2020 18:50

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.

Published in Finance
Sunday, 26 April 2020 17:26

Lakeshore retailers adapt, move online as some scramble to stay afloat

As the owner of longtime downtown Grand Haven retailer Down To Earth, Sholeh Veiseh has turned to hosting virtual fashion shows and offering sales on social media to bring in some revenue during the coronavirus closure.

Published in Small Business
Sunday, 29 March 2020 17:15

Banks leverage new flexibility to help businesses get through pandemic

Small businesses that have been slammed by the coronavirus pandemic and expect to have difficulty making commercial loan payments should call their bankers now to work out possible adjustments.

Published in Finance

Saturday, 29 February 2020 18:50

Grand Rapids an outlier in bank branch openings

As much of the banking industry went in the opposite direction, Sparta-based ChoiceOne Bank opened branches starting in late 2018.

Published in Finance
Monday, 28 October 2019 12:13

Merger expenses cut into ChoiceOne’s third quarter earnings

SPARTA — Higher expenses mostly related to the Oct. 1 merger with County Bank Corp. cut into third quarter earnings for ChoiceOne Financial Services Inc.

Published in Finance
Sunday, 13 October 2019 12:44

Compassion, Entrepreneurial Spirit Helped Friends Start Business

Bill McIntyre and Michael Merren, owners of ComForCare Grand Rapids, have been providing in-home health care to families in the Grand Rapids area for over 10 years. Their success – compassion. Care like people are your family.

Published in Sponsored content

Sunday, 12 May 2019 22:32

Entrepreneurial spirit runs deep in West Michigan

It all started as a part-time job in banking while I was in college almost 20 years ago. I’ve always been interested in business and financial markets. And I’ve observed how the entrepreneurial spirit runs deep in West Michigan.

Published in Sponsored content
Monday, 25 March 2019 11:32

ChoiceOne plans ‘strategic merger of equals’ with SE Michigan bank

Sparta-based ChoiceOne Financial Services Inc. plans to merge with Lapeer-based County Bank Corp. in a deal that would create a bank with a combined $1.28 billion in assets.

Published in Finance
Sunday, 09 December 2018 15:35

MiBiz Growth Report: Dec. 10, 2018

Here is the MiBiz Growth Report for Dec. 10, 2018.

Published in Articles

Sunday, 28 October 2018 15:00

MiBiz Growth Report: Oct. 29, 2018

Here is the MiBiz Growth Report for Oct. 29, 2018.

Published in Finance
Wednesday, 24 October 2018 17:21

ChoiceOne posts higher earnings for third quarter

ChoiceOne Financial Services Inc., the parent company of ChoiceOne Bank, recorded higher earnings for the third quarter.

Published in Finance
Saturday, 07 July 2018 16:37

Four West Michigan bankers offer perspectives on commercial lending

Rising interest rates won’t lead to change in how banks underwrite credit, although business borrowers need to monitor their effects if they opt for a variable-rate commercial loan.

Published in Finance

Saturday, 26 May 2018 14:20

United Bank to Open Downtown GR Branch

GRAND RAPIDS — United Bank will become the latest entry into the downtown banking market with the planned opening of a new office later this year.

Published in Finance
Friday, 27 April 2018 11:21

Federal tax reform boosts earnings for West Michigan community banks

A lower federal corporate tax rate contributed to higher earnings for West Michigan community banks that reported quarterly results this week.

Published in Breaking News
Sunday, 15 April 2018 20:31

Banks, credit unions unite in support of regulatory reform bill

Executives at banks and credit unions across Michigan found common ground in advocating for legislation to ease federal regulations they say hurt smaller financial institutions and their ability to lend.

Published in Finance

Sunday, 18 February 2018 20:07

MiBiz Growth Report: Feb. 19, 2018

Here is the MiBiz Growth Report for Feb. 19, 2018: 

• M&A: Great Lakes Scrip Center Inc., a West Michigan-based provider of gift cards for fundraising, was acquired by Minneapolis, Minn.-based Bold Orange, a recently formed marketing firm. Over 23 years, Great Lakes Scrip Center has worked with more than 48,000 organizations to raise $680 million. The company last spring acquired The Manna Group in Palatine, Ill. and was the largest gift card company in the nation. Local operations at Great Lakes Scrip, which employs about 90 people, will continue “business as usual,” said Jill Whalen, vice president for retail operations.

Published in Breaking News
Thursday, 08 February 2018 10:26

ChoiceOne Bank to open new branch office in Rockford

ChoiceOne Bank plans to open a new branch this fall in Rockford, further expanding its presence in the Kent County market.

Published in Breaking News
Sunday, 07 January 2018 00:40

Community banks eye growth with stronger Grand Rapids presence

HUDSONVILLE — After assembling a team of veteran commercial lenders, West Michigan Community Bank is putting more focus on growing in the greater Grand Rapids area.

Published in Finance

Wednesday, 13 December 2017 13:41

ChoiceOne to open branch in downtown Grand Rapids

ChoiceOne Bank plans to open a branch on the south end of downtown Grand Rapids next year.

Published in Breaking News
Sunday, 06 August 2017 15:55

Business borrowers undeterred by higher interest rates — so far

Higher interest rates during 2017 haven’t acted as a damper on commercial lending in West Michigan, although some lenders are seeing borrowers moving to fixed-rate business loans.

Published in Finance
Sunday, 25 December 2016 17:14

ChoiceOne president takes ‘wait-and-see’ approach to change in bank regulations

Kelly Potes took over in June as CEO at ChoiceOne Financial Services Inc., the parent company of ChoiceOne Bank, adding to his duties as president. During 2016, ChoiceOne Bank opened a lending office in downtown Grand Rapids and may follow up in the future with a full-service branch. The Sparta-based ChoiceOne has 12 offices in rural Kent, Ottawa, Muskegon and Newaygo counties with total assets of $598.6 million as of Sept. 30. 

Published in Economic Development

Sunday, 11 December 2016 16:13

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.

Published in Finance
Friday, 28 October 2016 10:50

East West Brewing Co. opens in heart of Eastown

The Eastown Business District is poised to get its second brewery.

Published in Breaking News
Thursday, 27 October 2016 10:38

ChoiceOne Bank reports record earnings

Sparta-based ChoiceOne Financial Services Inc. reported a record net income of $1.6 million, or 52 cents per share, for the third quarter.

Published in Breaking News

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