GRAND RAPIDS — Independent Bank Corp. ended 2019 with a nearly 40-percent growth rate in quarterly earnings.

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HOLLAND — Macatawa Bank Corp. grew net income 16 percent in the fourth quarter to $8.1 million, or 24 cents per diluted share, capping off a year of strong earnings growth.

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Tuesday, 21 January 2020 11:31

Mercantile reports earnings, loan growth

GRAND RAPIDS — Mercantile Bank Corp. grew earnings for the fourth quarter and all of 2019.

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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. 

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West Michigan companies secured a collective $7 million in later-stage venture capital during the fourth quarter, as investments in Michigan reached a new high.

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Monday, 06 January 2020 11:17

SalesPage acquires Wisconsin fintech firm

KALAMAZOO — SalesPage Technologies LLC made its second acquisition in seven months with a deal for SalesStation, a division of Milwaukee, Wisc.-based Celera Systems LLC.

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SPARTA — Five months after closing one acquisition, ChoiceOne Financial Services Inc. now plans to do another.

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An assortment of state-backed capital funds and initiatives to support business startups, innovation and entrepreneurs recently earned renewal in Lansing.

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Conner McClain and his business partner at In Between Dreams LLC plan to open an indoor growing facility for medical marijuana early next year in Vicksburg.

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Bank M&A may ease in 2020, as fewer executives surveyed by the trade publication Bank Director view the market as favorable for deals.

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