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.
Fifth Third Bank plans a number of immediate moves to ease the financial burden on small business and consumers hit by the coronavirus pandemic.
Grand Action resumes operations in a far different Grand Rapids than 28 years ago. Now at the helm are Carol Van Andel, Dick DeVos and Tom Welch, the regional president of Fifth Third Bank.
GRAND RAPIDS — Grand Action, the business group that pushed some of the largest downtown developments over the last 25 years, plans to resume operations with new leadership.
SPARTA — ChoiceOne Financial Services Inc. wasn’t actively looking to do another deal, but the parent company of ChoiceOne Bank saw an opportunity with Community Shores Bank Corp. that was too good to pass up.
GRAND RAPIDS — Nonprofits LINC Up and Dwelling Place, along with general contractor Orion Construction Co. Inc., broke ground today on the second phase of an affordable housing development in Grand Rapids’ Garfield Park neighborhood.
Commercial bankers say clients’ demand for credit remains strong, although borrowers in West Michigan are carefully watching what’s ahead for the economy.
After issuing a steady string of interest rate increases over the last three years, the Federal Reserve could start lowering rates again in the coming months in a move to keep the economy growing, making borrowing a little cheaper for businesses.
Jeff Korzenik became interested in how businesses can successfully hire ex-offenders “almost by accident.” He credits sending his children to public magnet schools in Chicago with opening his eyes to the challenges different groups of people face.