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Finance (390)

IONIA — Independent Bank Corp. (NASDAQ: IBCP) filed a registration statement with the Securities and Exchange Commission late Friday afternoon to raise up to $98.9 million through the sale of its common stock.

PNC Bank economists expect Southwest Michigan’s economic recovery to continue to outpace the rest of the nation.

Old National Bank’s acquisition of 20 Bank of America offices brings a new competitor into the Southwest Michigan market, one that has plans for a larger footprint.

Banks based in West Michigan reported further operating improvements for the second quarter, with higher earnings and solid growth in lending.

After tripling the available funding for microloans that support small business owners, Grand Rapids Opportunities for Women (GROW) now wants to partner with local banks to sustain the initiative well into the future.

West Michigan M&A award nominations due Aug. 9

Written by | Thursday, 01 August 2013 12:18 |

2013 is shaping up as a year for mega mergers and transformational transactions in West Michigan. In July alone, West Michigan public companies announced $10.6 billion in mergers and acquisitions with three transactions involving Perrigo ($8.6 billion), Spartan Stores ($1.3 billion) and Gentex ($700 million).

LMCU plots growth on lakeshore, Detroit

Written by | Sunday, 21 July 2013 22:00 |

Seeking to continue on a growth trajectory, Lake Michigan Credit Union plans to expand its presence on the lakeshore and venture into new markets in Traverse City and suburban Detroit.

Lending backed by the U.S. Small Business Administration remains steady in Michigan, driven by a slowly but steadily improving state economy.

As the state prepares to launch an in-depth look at the availability of later-stage capital, a new report shows that Michigan ranked as one of the top states in the county in 2012 for private equity investing.

Federal legislation seeks to make it easier and cheaper for professionals to broker merger and acquisition deals.

They came from a small company, a not-for-profit organization, the region’s largest health care provider and a $3.2 billion corporation, yet the chief financial officers recognized in the inaugural MiBiz CFO of the Year Awards have common worries.

The latest proposed credit union merger in Michigan involves two growing institutions that come into the deal from positions of financial strength.

They came from a small company, a not-for-profit organization, the region's largest health care provider and a $3.2 billion corporation, yet the chief financial officers recognized in the inaugural MiBiz CFO of the Year Awards have common worries. Among them: maintaining a focus on the long term, even amid the problems of the day.

Seeking to stay alive, Capitol Bancorp is pursuing a new tactic to keep federal regulators at bay.

Chemical Financial Corp. wants to be prepared to raise capital quickly should it decide to pursue another acquisition.

If the stories of the winners and finalists of the inaugural West Michigan CFO of the Year Awards are any indication, local companies are poised to take advantage of growth opportunities as the region’s economy continues to improve.

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