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Displaying items by tag: 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
Wednesday, 24 July 2019 11:05

West Michigan Community Bank to open new Grand Rapids office

GRAND RAPIDS — West Michigan Community Bank plans to open a new regional office in Grand Rapids Township.

Published in Finance

Sunday, 21 July 2019 19:30

FROM BASEMENT TO BOARDROOM: Manica succeeds father as CEO of United Bank

GRAND RAPIDS — Joe Manica’s first job at United Bank was building shelves in the basement as a teenager.

Published in Finance
Sunday, 21 July 2019 19:35

Backed by $40M investment, Vestaron pivots to commercialize biopesticide

KALAMAZOO — When Anna Rath signed on as CEO of Vestaron Corp. 15 months ago, the company was preparing to transition from a focus on R&D to commercializing a line of new environmentally friendly insecticides. 

Published in Finance
Wednesday, 17 July 2019 09:17

Chemical-TCF deal secures regulatory approval

Chemical Financial Corp.’s $3.6 billion acquisition of Wayzata, Minn.-based TCF Financial Corp. heads to a close Aug. 1 after receiving final federal regulatory approval.

Published in Finance

Tuesday, 16 July 2019 11:29

Buoyed by strong second quarter, Mercantile Bank expects solid second half of 2019

GRAND RAPIDS — Mercantile Bank Corp. today reported strong results for the second quarter, setting up the second half of 2019 for continued growth.

Published in Finance
Sunday, 14 July 2019 12:00

United Bank names Joe Manica as new CEO

GRAND RAPIDS — Joe Manica took over this month as president and CEO at United Bank.

Published in Finance
Tuesday, 09 July 2019 11:05

SalesPage acquires Advisor Atlas

KALAMAZOO — SalesPage Technologies LLC acquired Advisor Atlas, a data provider to asset management and financial services firms.

Published in Finance

Sunday, 07 July 2019 19:00

Top rating could boost new liability insurance carrier for cannabis industry

GRAND RAPIDS — Securing a top rating for financial stability could boost business for a West Michigan company that underwrites product liability insurance coverage for the cannabis industry.

Published in Finance
Sunday, 07 July 2019 19:00

Amid economic concerns, borrowing remains strong for short-term projects

Commercial bankers say clients’ demand for credit remains strong, although borrowers in West Michigan are carefully watching what’s ahead for the economy.

Published in Finance
Sunday, 07 July 2019 19:00

West Michigan bankers react to potential for Fed rate decreases

After issuing a steady string of interest rate increases over the last three years, the Federal Reserve could start lowering rates again in the coming months in a move to keep the economy growing, making borrowing a little cheaper for businesses.

Published in Finance

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