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Finance (390)

Grand River Bank taps veteran to head operations

Written by | Tuesday, 28 February 2012 10:51 |

Pat Gill returns to the banking scene in West Michigan as Grand River Bank begins moving beyond its startup phase. Gill, who led the former Byron Bank prior to its acquisition by Chemical Bank nearly two years ago, joined Grand River Bank on Feb. 1 as president and CEO.

More than a year after moving his private equity firm to his home state, Martin Stein has begun forming a new investment fund to target Michigan-based companies for acquisition.

Confidence and capital drive surging M&A market

Written by | Tuesday, 07 February 2012 10:48 |

Mergers and acquisitions are keeping Jack Hendon and his partners at H&S Companies pretty busy these days. The Fremont-based accounting and consulting firm is advising clients on transactions, but the 60-person firm with offices around the region also closed a couple deals of its own in the first month of 2012. H&S Companies acquired companies in Mt. Pleasant and Rockford and continues to look for add-on acquisition opportunities to expand geographically, add capabilities and leverage overhead, Hendon says.

FNB of Michigan plans GR expansion

Written by | Monday, 30 January 2012 08:44 |

John SchreuderKALAMAZOO — The planned opening of a Grand Rapids office marks First National Bank of Michigan’s first foray out of its hometown Kalamazoo market.

Just as it’s done in Kalamazoo, FNB of Michigan aims to build business in the much-larger Grand Rapids market through a high-touch style of community banking aimed at small businesses and retail customers.

Crystal Ball 2012: More on Finance

Written by | Wednesday, 04 January 2012 18:48 |

We expect interest rates to remain low, which should be good for those homeowners refinancing and for homebuyers during the coming year, as well as any businesses that are looking to refinance or expand. However, deposit rates will also remain low, as banks remain flush with cash and don’t have many good loan opportunities.

John Gudritz - Finance and the economy

Written by | Wednesday, 04 January 2012 12:07 |

While most economists and Wall Street strategists have given the “all clear” signal for the national economy in 2012, I believe West Michigan companies and investors will have to contend with the challenging seas of a global recession in the first half of 2012.

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