Displaying items tagged: Horizon Bank
Commercial lenders begin to see signs of softness in demand for credit as economy weakens
Commercial lenders head toward the end of 2022 in an uncertain economic environment with rising interest rates and predictions for a mild U.S. recession in the second half of next year.
Bank M&A expected to surge next year after pandemic lull
The new year could bring a continued acceleration of M&A in the banking industry.
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.
Diversity-focused VC fund garners widespread attention, even before making initial investment
GRAND RAPIDS — The West Michigan venture capital fund that intends to invest in growing, minority-owned businesses has garnered attention from interested parties who want to replicate the model elsewhere in the U.S.
GR-based VC fund targeting minority-owned companies raises $8.5M in first year
GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.
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.
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: Aug. 20, 2018
Here is the MiBiz Growth Report for Aug. 20, 2018.
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.
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.
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.
Commercial lending volumes rise as borrowers reach capacity
Among the commercial and industrial borrowers at Lake Michigan Credit Union, about one-third are expanding or buying new equipment that’s needed to grow their businesses.
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.