Displaying items by tag: PNC Bank
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.
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.
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.
Economic conditions for Michigan and across the U.S. should keep improving through 2020 and into 2021, according to recent outlooks.
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.
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.
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.
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.
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.
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.
University of Michigan economists expect the coronavirus and COVID-19 pandemic to drive the U.S. economy into recession for the second quarter.
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.
The U.S. economy maintained moderate growth to start 2020, although the coronavirus crisis in China could cause problems.
This is the growth report for Feb. 2, 2020.
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.
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.
Optimism about the economy remained high going into the third quarter among Michigan businesses surveyed by PNC Bank.
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.
Comerica Inc. Chief Economist Robert Dye sees Michigan’s economy performing in the second half of 2018 much as it has in the first half, with continued growth but at a decidedly slower rate than in past years.
Brian Long anticipated by now to see proof that the U.S. economy had started to flatten out.
The local and national retail industry faces many headwinds, but reports of its death have been greatly exaggerated.
Michigan’s economy should remain in good shape for the foreseeable future, according to results of a semi-annual survey PNC Bank conducts with small and medium-sized business owners.
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.
Borrowing at last: Small business owners return to banks for financing, even amid emerging economic concerns
Over the past decade, many small business owners put off expansions or capital equipment purchases for as long as they could.
A new partnership and grant dollars aim to help train future technology sector employees.
Small and mid-sized business owners in Michigan are more optimistic about the foreseeable future than they have been in five years, according to a spring survey by PNC Bank.
More of the same? Seller’s market largely unfazed by rising interest rates, politics as deal flow keeps pace
Professionals working in mergers and acquisitions in West Michigan expect strong deal flow to continue in 2017, maintaining a seller’s market.
Still growth, just slower: Lack of workers, plateauing auto sales to ease Michigan’s economic expansion
Economists expect Michigan to maintain economic growth in the coming year, albeit at a slower pace that will further tighten labor markets.
Kalamazoo-based First National Bank of Michigan plans to open a Holland office five years after moving into the Grand Rapids market.