Displaying items by tag: banking

Monday, 27 June 2022 10:52

Incoming Fifth Third Bank CEO sees ‘excellent tailwinds’ in West Mich. market amid economic disruptions

Tim Spence takes the helm July 5 at Fifth Third Bancorp Inc., succeeding Greg Carmichael, who’s retiring as CEO and becomes executive chairman.

Published in Finance
Tuesday, 07 June 2022 13:08

MSU Federal Credit Union plans second Grand Rapids-area branch

MSU Federal Credit Union plans to add a second office in the Grand Rapids market.

Published in Finance
Tuesday, 17 May 2022 15:56

Federal agencies propose ‘long overdue’ changes to equitable lending rules as banking moves virtual

A proposal by a trio of federal agencies would bring major banking industry regulations into the modern digital age as banking is increasingly done electronically instead of in branch offices.

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
Monday, 02 May 2022 17:55

Huntington Bank CEO ‘very bullish’ on regional economy as company integrates TCF

Huntington Bancshares Inc.’s acquisition last year of Detroit-based TCF Financial Corp. created the second-largest bank operating in Michigan for deposit market share and with more branch offices than any other bank. The Columbus, Ohio-based Huntington, which also now ranks among the 20 largest banks in the U.S., has since worked to integrate TCF.

Published in Finance

Tuesday, 26 April 2022 18:09

Independent Bank Q1 earnings dip with slower mortgage activity

GRAND RAPIDS — Independent Bank Corp. has recorded lower earnings so far this year as mortgage originations and refinancings slowed.

Published in Finance
Tuesday, 19 April 2022 15:59

Mercantile Q1 earnings decline amid drop in mortgage banking income

GRAND RAPIDS — Mercantile Bank Corp.’s earnings declined in the first quarter from a year earlier as refinancing for home mortgages decreased and reduced fee income.

Published in Finance
Thursday, 07 April 2022 20:23

Traverse City-based credit union plans West Michigan expansion in former TCF branches

A Traverse City-based credit union plans to enter the West Michigan market with the planned opening of three branches in Holland, Zeeland and Muskegon, along with several more in the years ahead.

Published in Finance

Friday, 28 January 2022 13:20

Despite Q4 earnings decline, Independent Bank carries momentum in 2022 with commercial lending 

GRAND RAPIDS — Independent Bank Corp.’s earnings declined in the final three months of 2021 but grew overall for the year.

Published in Finance
Friday, 28 January 2022 13:02

Macatawa Bank reports lower Q4 earnings as PPP loan forgiveness dips

HOLLAND — Macatawa Bank Corp. recorded lower fourth quarter earnings that partly resulted from reduced fee income as fewer federal Paycheck Protection Program loans were forgiven.

Published in Finance
Wednesday, 26 January 2022 19:13

ChoiceOne earnings bolstered by prior mergers; bank positioned for growth following capital raise

SPARTA — ChoiceOne Financial Services Inc. recorded higher earnings for 2021, benefitting from mergers that the bank completed in 2019 and 2020.

Published in Finance

Tuesday, 18 January 2022 16:30

Commercial loans propelled strong earnings for Mercantile Bank in 2021

GRAND RAPIDS — Mercantile Bank Corp. recorded strong earnings in 2021 with loan growth that President and CEO Robert Kaminski Jr. called “nothing short of stellar.”

Published in Finance
Tuesday, 21 December 2021 11:36

Consumers Credit Union CEO retiring after 38 years; COO to take leadership role

KALAMAZOO — The chief executive officer at Consumers Credit Union plans to retire in mid-2022 after 38 years.

Published in Finance
Wednesday, 10 November 2021 15:28

Whitmer joins bipartisan call to pass federal cannabis banking regulations

Gov. Gretchen Whitmer has joined 20 other governors in urging Congress to enact legislation that would enable more banks and credit unions to serve the growing cannabis industry.

Published in Finance

Wednesday, 03 November 2021 14:47

Mercantile Bank expands northern Michigan reach with Petoskey lending office

PETOSKEY — Mercantile Bank Corp. has expanded further in the northern Lower Peninsula with the opening of a lending office in Northern Michigan.

Published in Finance
Friday, 29 October 2021 10:37

Macatawa Bank earnings increase slightly amid deposit, commercial loan growth

HOLLAND TWP. — Macatawa Bank Corp.’s third-quarter earnings grew slightly from a year earlier amid strong deposit growth.

Published in Finance
Thursday, 28 October 2021 16:22

ChoiceOne Bank reports strong Q3 earnings as core deposit base grows

SPARTA — ChoiceOne Financial Services Inc. reported strong earnings growth over the third quarter from a year earlier that included merger-related expenses.

Published in Finance

Tuesday, 26 October 2021 13:43

Independent Bank reports drop in quarterly earnings, though strong commercial lending pipeline remains

GRAND RAPIDS — Independent Bank Corp. recorded lower third-quarter earnings from a year earlier, though year-to-date profits have grown by more than 28 percent.

Published in Finance
Wednesday, 20 October 2021 09:24

Mercantile Bank records strong Q3 commercial loan growth with new clients

GRAND RAPIDS — Mercantile Bank Corp. recorded strong loan growth in the third quarter with an earnings increase of more than 40 percent from a year earlier.

Published in Finance
Tuesday, 07 September 2021 14:19

ChoiceOne Bank raises $32.5 million to support growth plans, shareholder value

SPARTA — ChoiceOne Financial Services Inc. has raised $32.5 million in capital through a private placement of subordinate debt.

Published in Finance

Wednesday, 25 August 2021 12:29

Union Bank planning new headquarters in Grand Rapids Township

Union Bank plans to move its corporate office to a new facility now under construction in Grand Rapids Township.

Published in Finance
Thursday, 29 July 2021 16:49

Independent Bank earnings dip in latest quarter

GRAND RAPIDS — Independent Bank Corp.’s earnings declined in the second quarter from the prior year, largely because of lower non-interest income and higher non-interest expenses.

Published in Finance
Thursday, 29 July 2021 10:06

ChoiceOne reports higher quarterly earnings amid ‘signs of economic recovery’

SPARTA — ChoiceOne Financial Services Inc. reported higher second-quarter earnings as the economic recovery from the COVID-19 pandemic continues.

Published in Finance

Tuesday, 20 July 2021 12:15

Mercantile Bank more than doubles quarterly earnings as lending remains strong

GRAND RAPIDS — Mercantile Bank Corp. more than doubled earnings for the second quarter as growth in commercial and residential mortgage lending remained strong.

Published in Finance
Wednesday, 16 June 2021 17:09

Lake Michigan Credit Union continues Florida expansion with planned acquisition

Lake Michigan Credit Union will gain a larger presence along Florida’s Gulf Coast with the acquisition of a community bank.

Published in Finance
Thursday, 10 June 2021 12:26

United Bank plans first lakeshore branch in Holland

United Bank of Michigan plans to expand to the lakeshore market with the opening of a branch office next year in Holland.

Published in Finance

Tuesday, 08 June 2021 13:02

Consumers Energy to sell bank subsidiary in $960 million deal

JACKSON — CMS Energy Corp. plans to sell a Utah-based bank that specializes in home improvement lending nationwide.

Published in Finance
Friday, 28 May 2021 10:07

Honor Credit Union to add Wyoming office after ATL acquisition

Honor Credit Union will add an office in the Grand Rapids area with the planned acquisition of the smaller ATL Federal Credit Union.

Published in Finance
Friday, 30 April 2021 11:23

Edgewater Bank, UFCU complete merger

ST. JOSEPH — Edgewater Bank branches become part of United Federal Credit Union next week following federal regulatory and shareholder approvals of a merger between the two.

Published in Finance

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