Displaying items by tag: PNC Bank

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

Saturday, 09 June 2018 15:32

Health of Michigan’s economy depends on auto sales, NAFTA renegotiation

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. 

Published in Economic Development
Saturday, 09 June 2018 15:25

Despite prior worries, national economy continues strong expansion

Brian Long anticipated by now to see proof that the U.S. economy had started to flatten out. 

Published in Economic Development
Sunday, 29 April 2018 14:03

West Michigan retailers adapt to changing dynamics

The local and national retail industry faces many headwinds, but reports of its death have been greatly exaggerated.

Sunday, 08 October 2017 21:16

PNC survey: Michigan employers still hold positive view of economy

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.

Published in Breaking News
Sunday, 06 August 2017 15:53

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.

Published in Finance
Sunday, 14 May 2017 13:43

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.

Published in Small Business

Friday, 12 May 2017 10:33

Partnership drives tech sector training

A new partnership and grant dollars aim to help train future technology sector employees.

Published in Breaking News
Sunday, 07 May 2017 20:00

Optimism spikes for Michigan business owners, according to PNC survey

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.

Published in Breaking News
Sunday, 08 January 2017 17:02

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.

Published in Finance

Sunday, 25 December 2016 19:35

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.

Published in Economic Development
Sunday, 30 October 2016 16:56

First National Bank of Michigan eyes expansion to Holland, other contiguous markets

Kalamazoo-based First National Bank of Michigan plans to open a Holland office five years after moving into the Grand Rapids market.

Published in Finance
Thursday, 13 October 2016 13:34

First National Bank announces plans for Holland office

First National Bank (FNB) of Michigan plans to open a Holland office and has hired a veteran banker as market leader.

Published in Breaking News

Friday, 19 August 2016 11:27

Indiana nursery buys Zelenka Farms in $15 million bankruptcy deal

Zelenka Farms has emerged from bankruptcy under new ownership and a new name.  

Published in Breaking News
Sunday, 07 August 2016 13:38

Financing the transition: Passing the torch in family-owned businesses requires owners to ask tough questions

Sometimes you’ll do things for family that you won’t do for others.

Published in Breaking News
Wednesday, 13 July 2016 14:20

Zelenka Farms files for bankruptcy, closes Grand Haven operations

A wholesale nursery with operations in West Michigan has filed for Chapter 11 bankruptcy after struggling financially for several years. 

Published in Breaking News

Sunday, 10 July 2016 13:31

Banks feel the talent gap: Hiring curbed by gutted training programs, lack of interest among younger generations

Bankers say they hear it regularly from their clients: It’s gotten awfully hard to find good talent these days.

Published in Finance
Sunday, 12 June 2016 16:33

As economic expansion continues, labor remains a key concern for Michigan employers

handful of economic outlooks and surveys signal that Michigan’s economy should continue on an upward trajectory for the second half of this year and into 2017. 

Published in Economic Development
Sunday, 12 June 2016 15:14

Economists think U.S. economy will ‘bounce back’ to end 2016

A handful of economic outlooks and surveys signal that Michigan’s economy should continue on an upward trajectory for the second half of this year and into 2017. 

Published in Economic Development

Friday, 15 April 2016 11:04

Regional economic outlook report predicts continued growth

Economic outlooks project further job growth in Michigan through 2016 and into 2017, albeit at a slower rate than past two years.

Published in Breaking News
Sunday, 20 March 2016 16:59

Primera Plastics invests in youth mentorship, workforce development

ZEELAND — Manufacturers have had to get creative in balancing the dual workforce needs of attracting new talent — particularly young people — and retaining their existing workers. 

Published in Manufacturing
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