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Displaying items tagged: PNC 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
Sunday, 31 July 2022 18:27

Davis brings deep West Mich. background to new Huntington Bank role

The new West Michigan regional president for Huntington Bank moved into the job with nearly three decades of experience in the market.

Published in Finance
Sunday, 08 May 2022 18:00

Industrial, multifamily residential remain ‘darlings’ for commercial real estate lending

Lending to the commercial real estate sector remained strong through the first quarter, particularly for manufacturing and multifamily residential developments.

Published in Finance

Thursday, 05 May 2022 16:17

Video Q&A: West Mich. banking veteran discusses lending environment amid economic volatility

Krista Flynn, who started this week in a new role as Midwest regional executive for commercial banking at PNC Bank, discusses the current lending environment in what she describes as relatively volatile economic conditions.

Published in Finance
Tuesday, 03 May 2022 16:18

Flynn named Midwest regional executive of commercial banks for PNC

PNC Bank has named Krista Flynn as its new executive leading commercial banking in the Midwest.

Published in Finance
Thursday, 10 March 2022 20:54

Economists expect Fed to soon begin raising interest rates

Economists at PNC Bank and Comerica Inc. both expect the Federal Open Market Committee to begin raising interest rates next week.

Published in Finance

Sunday, 21 November 2021 17:10

Finance experts prepare for likely interest rate increase in 2022

Borrowing could cost a little more in 2022 should the Federal Reserve follow expectations and begin raising interest rates.

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
Thursday, 08 July 2021 17:02

Survey: West Mich. industrial economy facing ongoing supply chain challenges

The expansion of West Michigan’s industrial economy moderated in June as some companies report ongoing supply chain issues, according to a monthly survey.

Published in Economic Development

Sunday, 09 May 2021 17:00

Commercial real estate lending remains solid as some sectors outperform others

Bank lending for commercial real estate and development held steady through the first quarter as some sectors experienced high demand and others remained somewhat soft as the COVID-19 pandemic surpassed a year.

Published in Finance
Tuesday, 24 November 2020 09:45

Retailers share optimistic outlook as holiday shopping season approaches

Michigan retailers are approaching the holiday shopping season with optimism and expectations for higher online sales, despite reporting lower sales for last month and new state restrictions from the COVID-19 pandemic.

Published in Economic Development
Thursday, 19 November 2020 16:35

Kentwood trucking company DIS Transportation files for Chapter 11 bankruptcy; attorney sees surge in filings ahead

Plummeting freight rates paired with the economic slowdown that accompanied the COVID-19 pandemic took its toll on trucking company DIS Transportation LLC, leading the Kentwood-based business to file for Chapter 11 bankruptcy.

Published in Economic Development

Monday, 02 November 2020 12:01

Michigan executives show more optimistic outlook in months ahead amid virus uncertainty

Chief executives expect the state and U.S. economies to stabilize or perform better in the months ahead and continue to rebound from sharp pandemic-related declines in the spring.

Published in Economic Development
Monday, 28 September 2020 16:35

Survey: Most small businesses expect further sales declines in months ahead

More than seven in 10 small businesses in Michigan expect further sales declines from the COVID-19 pandemic in the months ahead, according to new survey results from the Small Business Association of Michigan.

Published in Small Business
Sunday, 30 August 2020 17:31

Economists predict gradual economic recovery, though slower for some sectors

Economic conditions for Michigan and across the U.S. should keep improving through 2020 and into 2021, according to recent outlooks.

Published in Economic Development

Thursday, 06 August 2020 16:45

The Right Place leader Birgit Klohs to retire after 33 years

Birgit Klohs, the dean of economic developers in West Michigan and across the state, plans to retire after more than three decades of leading The Right Place Inc.

Published in Economic Development
Thursday, 06 August 2020 15:20

West Michigan industrial economy returns to ‘positive territory,’ economist reports

West Michigan’s industrial economy further improved in July as three of four key activity indexes moved back to positive territory after sharp declines this spring from the economic fallout of the COVID-19 pandemic.

Published in Economic Development
Sunday, 19 July 2020 18:34

Survey: After slowdown, M&A activity expected to rebound over the next year

The M&A market that slowed in the first half of 2020 with the onset of the COVID-19 pandemic should rebound well over the next 12 months as deals that got put on hold go forward, according to a midyear survey by law firm Dykema Gossett PLLC.

Published in Finance

Sunday, 21 June 2020 17:58

After 2020 cancellation, future of ArtPrize remains unclear

After canceling this year’s ArtPrize because of concerns over COVID-19, organizers of Grand Rapids’ flagship arts event and the largest art competition in the world have avoided questions about whether it will return.

Published in Economic Development
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
Monday, 06 April 2020 04:45

GVSU economist: Coronavirus-caused recession will be bigger than 2008-09

The COVID-19 pandemic will take a fast bite of more than $3 billion out of West Michigan’s economic output, driving the region into recession along with the rest of the country.

Published in Finance

Friday, 20 March 2020 08:19

University of Michigan economists see second quarter recession

University of Michigan economists expect the coronavirus and COVID-19 pandemic to drive the U.S. economy into recession for the second quarter.

Published in Economic Development
Tuesday, 03 March 2020 13:57

Comerica: Fed rate cut could help, but not change economic impact from coronavirus

Today’s emergency interest rate cut could aid a slowing U.S. economy facing a significant threat from the coronavirus outbreak, according to Comerica Inc. economists.

Published in Economic Development
Friday, 14 February 2020 07:00

Fears over prolonged coronavirus outbreak cool national economic outlooks

The U.S. economy maintained moderate growth to start 2020, although the coronavirus crisis in China could cause problems.

Published in Economic Development

Sunday, 02 February 2020 10:00

MiBiz Growth Report: Feb. 2, 2020

This is the growth report for Feb. 2, 2020.

Published in Economic Development
Wednesday, 22 January 2020 14:47

Peterson Farms invests $22 million in expansion

SHELBY — Family-owned fruit processor Peterson Farms Inc. is expanding its operations in Oceana County, north of Muskegon. 

Published in Food/Agribusiness
Sunday, 19 January 2020 16:00

Community Shores deal ‘makes a lot of sense’ for ChoiceOne

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. 

Published in Finance

Sunday, 03 November 2019 13:28

Surveys point to economic optimism despite cooling growth forecasts for Michigan

Business owners surveyed by PNC Bank remain optimistic about the local and national economies, despite worries about tariffs and pricing pressures and outlooks for slower growth ahead.

Published in Finance
Sunday, 07 October 2018 22:22

Reports: Michigan business owners remain optimistic

Optimism about the economy remained high going into the third quarter among Michigan businesses surveyed by PNC Bank.

Published in Economic Development
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

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