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Displaying items by tag: finance

Tuesday, 01 October 2019 15:20

Greatland acquires New Jersey tax form processing firm

GRAND RAPIDS — Greatland Corp., a provider of W-2, 1099 and 1095 solutions, has acquired JAT Software Inc. of Bridgewater Township, N.J.

Published in Finance
Tuesday, 01 October 2019 12:49

Grand Ventures closes on $28 million fundraising round

GRAND RAPIDS — Venture capital fund Grand Ventures has closed on $28 million that was raised for its first fund.

Published in Finance
Friday, 27 September 2019 12:42

Element 22 raises $500,000 from 10 credit unions, transitions to CUSO

PORTAGE — Kenneth Leonard and Ryan Reffitt originally set out to provide small banks and credit unions across Michigan with underwriting and other support services for writing business loans.

Published in Finance

Sunday, 29 September 2019 13:31

Acquisitions remain option for ChoiceOne after County Bank deal

SPARTA — ChoiceOne Financial Services Inc. remains open to further acquisitions after the $89 million deal with Lapeer-based County Bank Corp. is completed next year.

Published in Finance
Sunday, 29 September 2019 11:22

High Street Insurance eyes ‘fantastic’ growth opportunities in consolidating industry

The purchase of Ottawa Kent Insurance Agency Inc. comes as a Traverse City-based agency platform backed by private equity investors pursues a Midwest acquisition strategy.

Published in Finance
Sunday, 29 September 2019 17:15

New Acrisure joint venture leverages AI to serve nontraditional workers

CALEDONIA — Acrisure LLC has launched a joint venture to sell insurance coverage directly to consumers through a digital platform backed by artificial intelligence.

Published in Finance

Wednesday, 18 September 2019 12:23

Shareholders approve ChoiceOne-County Bank merger

SPARTA — ChoiceOne Financial Services Inc.’s merger with Lapeer-based County Bank Corp. easily earned shareholder approvals this morning and now heads to a close next spring.

Published in Finance
Wednesday, 11 September 2019 10:54

Ottawa Kent Insurance sells to PE-backed High Street

JENISON — Ottawa Kent Insurance Agency Inc. was acquired by Traverse City-based High Street Insurance Partners Inc., an insurance agency platform formed last year by Huron Capital Partners LLC, a Detroit-based private equity firm.

Published in Finance
Monday, 02 September 2019 20:07

The revised statement of purpose from the Business Roundtable

Here is the revised text of the “Statement on the Purpose of a Corporation” issued by the Business Roundtable on Aug. 19:

Published in Finance

Sunday, 01 September 2019 16:56

Great Lakes VC funds increasingly look locally for deals

Grand Ventures I LP’s lead investment in a Chicago digital health company typifies what’s occurring in venture capital in Michigan and neighboring states: Funds based in the region are backing Great Lakes-based startups.

Published in Finance
Monday, 02 September 2019 11:49

Outlooks continue to show slower growth ahead for Michigan, U.S. economies

As U.S. economic growth slows, so too does Michigan’s economy.

Published in Finance
Monday, 02 September 2019 08:49

Corporate executives look beyond shareholders

The Business Roundtable, an organization of leading U.S. corporate executives, last month issued a new version of its Statement on the Purpose of a Corporation. 

Published in Finance

Monday, 02 September 2019 09:40

GVSU professor: Beware of greenwashing in Business Roundtable’s revised corporate purpose statement

The latest version of the Business Roundtable’s Statement on the Purpose of a Corporation is intriguing, according to Tim Syfert, a clinical professor of business at Grand Valley State University’s Seidman College of Business.

Published in Finance
Monday, 02 September 2019 10:34

Steelcase’s Keane: New statement shows businesses ‘lead the way in doing good’

Steelcase Inc. President and CEO James Keane was among the 181 chief executives in the U.S. that signed the Business Roundtable’s “Statement on the Purpose of a Corporation.” He offered his perspective on the document in emailed responses to MiBiz.

Published in Finance
Wednesday, 21 August 2019 08:59

My Personal Credit Union rebrand as Bloom Credit Union

WYOMING — My Personal Credit Union of Wyoming changed its name to Bloom Credit Union.

Published in Finance

Friday, 16 August 2019 13:03

Grand River Bank expands with east side location in GR

GRAND RAPIDS TOWNSHIP — Grand River Bank plans to open a new office on the east side of Grand Rapids by the middle of next year.

Published in Finance
Sunday, 18 August 2019 17:50

BANKING: Banks and credit unions wait for federal law to become more cannabis-friendly

The legalization of cannabis in Michigan offers an emerging economic sector for banks and credit unions, but only if Congress enacts legislation to change existing federal law and allow them into the market.

Published in Finance
Sunday, 18 August 2019 17:35

ALL VERY HIGH: Risks, rewards, barriers-to-entry elevated for Michigan cannabis investors

GRAND RAPIDS — Brandon Kanitz walks through a cavernous area of a former auto-parts manufacturing plant, pointing out areas that in the months ahead will become growing rooms for marijuana plants.

Published in Finance

Friday, 09 August 2019 07:59

Consumers Credit Union builds new Grand Rapids-area branch

Kalamazoo area-based Consumers Credit Union recently began construction on a new branch on 54th Street SW in Wyoming, its sixth office in the Grand Rapids area.

Published in Finance
Thursday, 08 August 2019 10:20

Perrigo reports progress on transformation plan

ALLEGAN — Perrigo Co. plc reaffirmed its 2019 earnings guidance and reported a slight decline in net sales resulting from unfavorable currency translations and exited businesses.

Published in Finance
Wednesday, 07 August 2019 14:45

Traverse City insurance firm Hagerty sells minority stake

TRAVERSE CITY — Markel Corp., the Richmond, Va.-based holding company for various insurance, reinsurance, and investment operations, has acquired a minority stake in The Hagerty Group LLC, a Traverse City-based insurer of classic cars and high-end automobiles.

Published in Finance

Sunday, 04 August 2019 19:29

Charter Capital targets $100 million for new mezz fund

GRAND RAPIDS — A new mezzanine fund based in Grand Rapids seeks to raise $100 million to invest in growing companies, MiBiz has learned.

Published in Finance
Sunday, 04 August 2019 17:37

Chemical Bank merger closes, ChoiceOne deal awaits shareholder votes

As one bank merger affecting the West Michigan marketplace focuses on integration, another much smaller deal heads toward shareholder votes next month.

Published in Finance
Tuesday, 30 July 2019 10:55

Red Oak Capital eyes third $50 million fund for commercial real estate bridge loans

GRAND RAPIDS — After closing on fundraising for one real estate investment fund for bridge loans, Red Oak Capital Group has begun preparing for another.

Published in Finance

Sunday, 28 July 2019 12:10

Stryker raises expectations for 2019 after ‘robust’ quarter

KALAMAZOO — Stryker Corp. raised its sales and earnings guidance for 2019 after what President and CEO Kevin Lobo called a “robust” second quarter.

Published in Finance
Sunday, 28 July 2019 12:00

Michigan retailers remain positive even amid sales dip in June

Michigan retailers reported a dip in sales during June, although they remain optimistic that business will pick up over the next few months, according to a monthly index released last week.

Published in Finance
Friday, 26 July 2019 11:21

Grand River Bank parent company lists shares on OTCQX Best Market

GRANDVILLE — Shares of Grand River Commerce Inc., the parent company of Grand River Bank, began trading today on a financial market operated by OTC Markets Group Inc.

Published in Finance

Friday, 26 July 2019 10:32

Macatawa Bank earnings up 20 percent for second quarter

HOLLAND — Macatawa Bank Corp. grew earnings by nearly 20 percent in the second quarter, maintaining the company’s strong financial performance.

Published in Finance
Thursday, 25 July 2019 14:00

Independent Bank reports higher earnings for second quarter

GRAND RAPIDS — Independent Bank Corp. recorded higher net income for the second quarter with double-digit loan growth.

Published in Finance
Thursday, 25 July 2019 13:50

Merger costs eat into ChoiceOne Financial’s quarterly earnings

SPARTA — Costs from a proposed merger cut into ChoiceOne Financial Services Inc.’s quarterly earnings.

Published in Finance

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