fbpx

Displaying items by tag: finance

Thursday, 28 April 2022 22:28

Macatawa Bank’s Q1 earnings dip from last year

Lower fee income resulting from reduced home mortgage originations and the federal government’s Paycheck Protection Program loans caused Macatawa Bank Corp.’s earnings to decline in the first quarter from a year earlier.

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, 26 April 2022 16:25

Huntington Bank to soon name West Michigan regional president

Huntington Bancshares Inc. expects to soon name a new leader for its West Michigan market following the recent departure of former regional president Krista Flynn.

Published in Finance

Sunday, 24 April 2022 18:17

App-based GR bike repair startup among latest Michigan VC investments

A Grand Rapids startup seeks to do for bicycling what Uber and Lyft have done for transportation or DoorDash, Instacart and similar ventures have done for food and retail delivery.

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
Wednesday, 13 April 2022 17:46

Tribally owned GLI takes full operating control of technology firm with new investment

GRAND RAPIDS — Gun Lake Investments assumed full operating control through a new investment in Dallas, Texas-based Hall Technologies LLC, a designer and producer of professional audio/visual systems. 

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
Wednesday, 06 April 2022 12:48

Aspen Surgical Products receives additional capital from Boston PE firm

CALEDONIA — Aspen Surgical Products Inc. has received additional capital from Boston-based Audax Private Equity to support further growth.

Published in Health Care
Sunday, 27 March 2022 18:33

Inflation, interest rates, global conflict complicate M&A outlook

After an active dealmaking year in 2021 that was fueled by private equity, the M&A outlook for 2022 is slightly more clouded as inflation grows to 40-year highs, the Federal Reserve begins bumping up interest rates and Russia’s invasion of Ukraine disrupts financial markets.

Published in Finance

Monday, 21 March 2022 13:51

MiBiz on WOOD-TV8: The Fed begins to steadily increase interest rates to combat inflation

The Federal Reserve last week began the first of what’s expected to be several quarter-point interest rate increases to help curb inflation that’s running at a 40-year high.

Published in Finance
Wednesday, 16 March 2022 17:51

Fed’s first of several interest rate increases targets inflation as economy remains strong

The Federal Reserve made the first of what’s expected to become multiple interest rate increases this year.

Published in Finance
Sunday, 13 March 2022 18:36

Tax cut plans come as Michigan’s business tax climate ranks favorably

Michigan’s business tax climate ranks comparatively well to other states, and business advocates say election-year tax cuts proposed in Lansing could further improve that standing.

Published in Finance

Monday, 28 February 2022 11:48

MiBiz on WOOD-TV8: Highlights from the 2022 M&A Deals and Dealmakers Awards

MillerKnoll Inc., Bell’s Brewery Inc. and Huntington Bank were among the top award-winning deals in this year’s MiBiz M&A Deals and Dealmaker Awards.

Published in Finance
Sunday, 13 February 2022 18:29

GR venture capital fund makes first investment, shows ‘strong pipeline’

$500,000 investment from a venture capital fund supporting companies operated by minorities and people of color will help advance Anthony Chang’s vision for a network of advanced cancer treatment clinics across the U.S.

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
Thursday, 27 January 2022 09:44

Acrisure inks naming rights deal for SoCal stadium

A new Southern California sports and entertainment venue will take its namesake from a Grand Rapids-based insurance broker and financial technology firm.

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

Thursday, 20 January 2022 15:40

Grand Rapids CPA firm Beene Garter merges into Troy-based Doeren Mayhew

Grand Rapids accounting firm Beene Garter LLP has merged into Troy-based Doeren Mayhew.

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
Sunday, 16 January 2022 18:00

Reporter’s Notebook: West Michigan balances lagging wages with regional amenities

If it’s money that matters most when people look for work or to relocate for a new job, then West Michigan may be at a disadvantage in competing for the coveted talent needed to drive economic growth.

Published in Finance

Friday, 07 January 2022 10:19

Hastings Mutual Insurance Co. President and CEO to retire; industry veteran to take over

HASTINGS — Hastings Mutual Insurance Co. President and CEO Joseph Babiak plans to retire on March 31.

Published in Finance
Wednesday, 05 January 2022 11:37

Lighthouse Group expands lakeshore presence with Gales Agency acquisition

GRAND RAPIDS — Insurance and employee benefits agency Lighthouse Group has acquired Gales Agency from Shelby State Bank.

Published in Finance
Sunday, 02 January 2022 18:51

Investment adviser anticipates more stock market volatility in 2022

Jerry VanderLugt sees Wall Street with further volatility in 2022. The founder and principal of JVL Wealth Strategies LLC, which recently moved to a new office in Wyoming, VanderLugt spoke with MiBiz about the market in the new year, the prospect of rising interest rates and higher inflation, and where investors are looking to put their money these days.

Published in Finance

Monday, 03 January 2022 06:00

King named permanent CEO of Gun Lake Investments; activity to accelerate in 2022

Gun Lake Investments started 2022 with a permanent CEO in place and plans to become more active in the market.

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
Sunday, 19 December 2021 19:05

Economists forecast ongoing statewide rebound in 2022

Michigan’s economy and jobs are expected to continue to recover in 2022 from the deep downturn last year resulting from the COVID-19 pandemic.

Published in Finance

Sunday, 19 December 2021 18:35

U.S. economic growth forecasts tempered by ongoing COVID, market concerns

The latest coronavirus variant to emerge in a nearly two-year pandemic creates further uncertainty for the U.S. economy in 2022, although economists generally expect continued strong growth.

Published in Finance
Sunday, 19 December 2021 17:50

Bank M&A expected to surge next year after pandemic lull

The new year could bring a continued acceleration of M&A in the banking industry.

Published in Finance
Thursday, 16 December 2021 16:05

Auxo continues rail sector growth with latest acquisition

Auxo Investment Partners reached further into the rail industry with the acquisition of Ferrovia Services LLC, an Auburn, Ala.-based railroad vegetation management company.

Published in Finance

Page 2 of 14