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Finance (384)

GRAND RAPIDS — The newest investment fund in West Michigan offers a new model for individual investors to take their first steps into the world of venture capital.

GRAND RAPIDS — An M&A firm catering to small businesses took on a new name as it began to pick up clients and reach out nationally.

A new $20 million venture capital fund aims not only to generate returns for investors but also address a wide gender gap in the investing industry.

Despite strong business optimism and continued economic expansion, bankers say they still see their West Michigan business clients taking a cautious approach to debt.

A pair of initiatives across Southwest Michigan have a similar goal: supporting entrepreneurs starting small businesses in their respective cities and urban cores. 

Q&A: Greg Carmichael

Written by | Saturday, 07 July 2018 16:34 |

Chairman, President and CEO, Fifth Third Bancorp Inc. 

Rising interest rates won’t lead to change in how banks underwrite credit, although business borrowers need to monitor their effects if they opt for a variable-rate commercial loan.

GRAND RAPIDS — Believing that bringing aboard good talent can contribute to driving growth, Legacy Trust CEO Tracey Hornbeck opted to expand the firm’s reach when seeking to add a wealth management adviser.

As Michigan begins to license medical marijuana businesses, a new association seeks to offer an array of financial services to the industry. 

FREMONT — The planned opening of a loan office in Fremont could lead to other locations in West Michigan for Edgewater Bank. 

Seeking to drive growth and reach further into middle market companies across the Midwest, Chemical Bank has steadily added to its roster of commercial bankers since last summer and developed lending specialties. 

United Bank to Open Downtown GR Branch

Written by | Saturday, 26 May 2018 14:20 |

GRAND RAPIDS — United Bank will become the latest entry into the downtown banking market with the planned opening of a new office later this year.

Tax reform adds fuel to M&A deal flow in Q1

Written by | Sunday, 29 April 2018 15:21 |

M&A activity remained strong in the first quarter, driven by a combination of factors including federal tax reform.

Michigan’s venture capital industry needs to accelerate its growth even after the steady progress it has made in the last decade.

Michigan has more angel investors than ever who invest in startup companies, but Skip Simms believes that’s still not nearly enough.

Executives at banks and credit unions across Michigan found common ground in advocating for legislation to ease federal regulations they say hurt smaller financial institutions and their ability to lend.

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