Displaying items by tag: finance

Wednesday, 15 September 2021 10:39

Acrisure appoints former Disney executive as new CFO

GRAND RAPIDS — Acrisure LLC has hired a new chief financial officer who comes from The Walt Disney Co. and will play a key role in helping the company grow beyond the core insurance business.

Published in Finance
Sunday, 12 September 2021 17:50

Union Bank eyes ‘huge opportunity’ for GR-area market share with new HQ

GRAND RAPIDS TWP. — Relocating its headquarters closer to Grand Rapids will give Union Bank a bigger presence in a market that’s been generating growth for a few years.

Published in Finance
Sunday, 12 September 2021 16:33

Grand Wealth Management provides key lessons in succession planning

The path that Jeff Williams charted years ago was designed to ensure that Grand Wealth Management LLC continues well past his eventual retirement.

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, 01 September 2021 14:38

Century Technology Group adds third tech company to portfolio with latest acquisition

ADA — Century Technology Group Inc. continues to add to its portfolio of technology-focused companies with the acquisition of a Grand Haven-based emerging tech and media firm.

Published in Finance
Sunday, 29 August 2021 17:25

$6.5M state investment in Michigan Rise to fuel more startup funding

An additional $6.5 million state investment gives pre-seed fund Michigan Rise more capital to back a strong pipeline of startup companies.

Published in Finance

Sunday, 29 August 2021 17:40

Reporter's Notebook: Hagerty’s $3B merger showcases Michigan’s insurance sector

TRAVERSE CITY — The $3.1 billion deal to combine Hagerty Insurance Group LLC with Aldel Financial Inc. would create a publicly traded company that expects to maintain significant growth.

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
Wednesday, 18 August 2021 12:28

Traverse City specialty auto insurer Hagerty to go public in $3 billion SPAC merger

TRAVERSE CITY — Specialty auto insurer Hagerty Group LLC will combine with special purpose acquisition company Aldel Financial Inc. in a $3 billion deal that would make Hagerty a publicly traded company once the merger closes.

Published in Finance

Sunday, 15 August 2021 17:35

Two community banks embrace digitization trend with new products, investments

Two local community banks are following the industry’s deeper push into digital banking that has accelerated since the onset of the COVID-19 pandemic last year.

Published in Finance
Sunday, 15 August 2021 17:30

Banks willing to work with potential borrowers still carrying PPP loan debt

Businesses that received a federal Paycheck Protection Program loan and are growing or intend to seek financing for an expansion should apply for loan forgiveness as soon as possible, according to bankers.

Published in Finance
Sunday, 15 August 2021 17:15

Latest Grow Michigan fund fills capital niche for growing businesses

statewide loan fund that provides growth capital to rapidly growing businesses expects to start doing deals soon after agreements with its initial investors have been finalized.

Published in Finance

Tuesday, 03 August 2021 11:00

Dick DeVos to step down as president of The Windquest Group

GRAND RAPIDS — Dick DeVos has announced plans to step down as president of The Windquest Group.

Published in Finance
Sunday, 01 August 2021 17:03

Michigan Capital Network aims to raise $25M for fourth VC fund

GRAND RAPIDS — Michigan Capital Network plans to form a fourth venture capital fund.

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, 27 July 2021 22:47

NBA star Chris Paul among latest investors in GR-based sports tech firm

GRAND RAPIDS — Sports technology firm MaxOne LLC announced this week that it has raised $3.5 million in capital, which includes an investment from professional basketball star Chris Paul.

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

Sunday, 18 July 2021 17:46

Retaining clients, talent top priorities for Huntington execs after TCF merger

The $22 billion merger with TCF Financial Corp. brought new leadership for Huntington Bancshares Inc. in West Michigan that’s focused on retaining talent and customers while executing a massive corporate pledge to small businesses and underserved markets.

Published in Finance
Sunday, 04 July 2021 16:30

Baldwin bank raises $15M to support growth

BALDWIN — A surge in deposits led a small community bank serving rural markets north of Grand Rapids to raise $15 million that will go to support growth and maintain regulated capital ratios.

Published in Finance
Friday, 25 June 2021 12:32

West Michigan lenders receive $13.2M in federal funds to help underserved businesses, individuals

Several West Michigan credit unions and community lenders received a combined $13.2 million in federal funding that they can use to assist underserved businesses and individuals affected by the COVID-19 pandemic.

Published in Finance

Sunday, 20 June 2021 17:10

GR Venture Capital scours market for small biz investments, acquisitions

As an investor and acquirer of small businesses, Steve Barnes is scouting a market that appears to hold plenty of opportunity.

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
Sunday, 06 June 2021 16:55

Sleeping Giant Capital marks first year with investment, developing students

KALAMAZOO — The Western Michigan University management professors behind an investment fund that looks to cultivate and support a new generation of entrepreneurs hope to complete fundraising by the end of 2021.

Published in Finance
Sunday, 06 June 2021 17:15

Branch acquisitions to expand Horizon Bank’s Michigan reach

Buying 14 offices in the central and northern Lower Peninsula from TCF Bank provides a broader stage for Horizon Bancorp Inc.’s further expansion in Michigan.

Published in Finance

Sunday, 06 June 2021 17:45

Share increase positions ChoiceOne Bank for potential acquisitions

Raising the number of authorized shares by 25 percent gives ChoiceOne Financial Services Inc. greater ability to pursue another acquisition should the opportunity arise.

Published in Finance
Friday, 04 June 2021 11:55

Consumers Credit Union expands along lakeshore with Muskegon office

MUSKEGON — Consumers Credit Union has started construction on a new office in Muskegon that will expand its presence along the lakeshore.

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

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