Displaying items by tag: PNC Bank
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.
SHELBY — Family-owned fruit processor Peterson Farms Inc. is expanding its operations in Oceana County, north of Muskegon.
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.
The local and national retail industry faces many headwinds, but reports of its death have been greatly exaggerated.