fbpx

Displaying items tagged: Fifth Third Bank

Sunday, 06 November 2022 18:52

CHANGE AT THE TOP: Huntington Bank now leads Grand Rapids MSA for share of deposits

For the next year, Huntington Bank can claim bragging rights in the Grand Rapids market after edging into the leading position for deposit market share that Fifth Third Bank has held for decades.

Published in Finance
Monday, 18 July 2022 07:44

Huntington Bank names new West Michigan regional president

Huntington Bancshares Inc. has named a veteran banking executive and longtime West Michigan resident to lead its regional division.

Published in Finance
Thursday, 07 July 2022 14:40

Fifth Third Bank sells historic downtown Holland office building for $4.4M

HOLLAND — An iconic three-story former bank building in downtown Holland has sold for more than $4.4 million, MiBiz has learned.


Sunday, 10 April 2022 18:33

GRAND RAPIDS ‘LINCHPIN’: Modeled off Van Andel Arena, $116 million amphitheater project already attracting national developers’ attention

GRAND RAPIDS — Local entertainment and development officials say a planned $116 million outdoor amphitheater is modeled off the success of Van Andel Arena and could serve as an even stronger catalyst for further downtown development.

Sunday, 07 November 2021 18:50

‘Employee-driven market’ stalls commercial office leasing, investments

West Michigan’s commercial office market is in a lull as companies remain hesitant to bring back workers while offering more flexible schedules, leading to worsening vacancy rates and a lack of investment in new construction.

Thursday, 28 October 2021 09:15

Fifth Third Bank lists historic downtown Holland branch building for $4.5M

HOLLAND — Fifth Third Bank is looking to sell its historic branch building in downtown Holland.


Sunday, 12 September 2021 17:50

Union Bank eyes ‘huge opportunity’ for GR-area market share with new HQ

GRAND RAPIDS TWP. — Relocating its headquarters closer to Grand Rapids will give Union Bank a bigger presence in a market that’s been generating growth for a few years.

Published in Finance
Sunday, 15 August 2021 17:35

Two community banks embrace digitization trend with new products, investments

Two local community banks are following the industry’s deeper push into digital banking that has accelerated since the onset of the COVID-19 pandemic last year.

Published in Finance
Sunday, 15 August 2021 17:30

Banks willing to work with potential borrowers still carrying PPP loan debt

Businesses that received a federal Paycheck Protection Program loan and are growing or intend to seek financing for an expansion should apply for loan forgiveness as soon as possible, according to bankers.

Published in Finance

Sunday, 31 January 2021 18:50

Finance, health care remain vigilant on cybersecurity as small biz takes notice

Through working with a number of banks and credit unions, Randy Brinks is fully aware of the giant target that the financial services industry has had for years concerning cybersecurity threats.

Published in Economic Development
Sunday, 31 January 2021 17:00

SBA simplifies PPP loan forgiveness process

As clients began reaching out in recent weeks to gather documents and apply for forgiveness of their federal Paycheck Protection Program loans from last year, executives at Level One Bank urged them to wait. 

Published in Small Business
Thursday, 28 January 2021 14:21

Michigan small businesses approved for more than $1.5B in loans under new PPP round

Michigan small businesses were approved for more than $1.5 billion in federal loans during the first two weeks of the new Paycheck Protection Program the U.S. Small Business Administration launched earlier this month.

Published in Small Business

Sunday, 20 December 2020 18:05

Post-pandemic supply chain shifts could boost state’s industrial economy

Michigan’s economy could stand to benefit in the years ahead as manufacturers move to reshore work to the U.S. after dealing with severe disruptions in their foreign supply chains when the coronavirus first surfaced in China.

Published in Economic Development
Sunday, 20 December 2020 18:40

Experts forecast sustained growth for the U.S. economy in 2021

The U.S. economy that got hammered by the COVID-19 pandemic this spring heads toward 2021 on the rebound, although a surge in cases during the fall and renewal of restrictions in many states may limit economic growth nationally early in the new year.

Published in Economic Development
Monday, 23 November 2020 16:38

Grand Action 2.0 says now is the time to plan major developments in Grand Rapids

GRAND RAPIDS — Planning now for the future development of an outdoor amphitheater, soccer stadium and expansion of the DeVos Place convention center positions Grand Rapids to proceed once the COVID-19 pandemic eventually ends.

Published in Economic Development

Thursday, 01 October 2020 15:30

Convention center expansion, amphitheater, soccer stadium are Grand Action’s new priorities

GRAND RAPIDS — The business group that pushed several major developments over the past 25 years is now focused on a downtown convention center expansion, an amphitheater and a professional soccer stadium.

Sunday, 30 August 2020 16:45

Fifth Third CEO on pandemic driving digital banking: ‘It’s going to stick’

The COVID-19 pandemic that shut down much of the economy in March had all businesses scrambling to maintain operations — if they were allowed to stay open — and keep employees safe. Banks closed their branch lobbies and directed customers to use drive-thru lanes or digital banking to handle transactions. 

Published in Finance
Sunday, 07 June 2020 17:45

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. 

Published in Finance

Sunday, 07 June 2020 17:35

Commercial lenders discuss effects of pandemic on West Michigan businesses, banking industry

Bankers across the region have been focused on working with small business clients to secure loans from the federal Paycheck Protection Program, as well providing payment deferrals and adjusting loans for business borrowers hit hard by the COVID-19 pandemic. 

Published in Finance
Wednesday, 13 May 2020 15:10

New loan, grant funds set up to aid smaller businesses

New grant funds by the state and in Kalamazoo, as well as a loan fund in Grand Haven, are the latest efforts to provide relief to small businesses hit hard by the COVID-19 pandemic.

Published in Small Business