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

Published in Finance
Sunday, 18 February 2018 20:07

MiBiz Growth Report: Feb. 19, 2018

Here is the MiBiz Growth Report for Feb. 19, 2018: 

• M&A: Great Lakes Scrip Center Inc., a West Michigan-based provider of gift cards for fundraising, was acquired by Minneapolis, Minn.-based Bold Orange, a recently formed marketing firm. Over 23 years, Great Lakes Scrip Center has worked with more than 48,000 organizations to raise $680 million. The company last spring acquired The Manna Group in Palatine, Ill. and was the largest gift card company in the nation. Local operations at Great Lakes Scrip, which employs about 90 people, will continue “business as usual,” said Jill Whalen, vice president for retail operations.

Published in In the News

Two pending deals where West Michigan-based credit unions are buying small community banks follow an emerging trend nationally.

Published in In the News

More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.

Published in Finance

Fifth Third Bank’s $30 billion corporate commitment over the next four years for community development offers a massive pool of money for West Michigan organizations to potentially tap to fund projects and initiatives.

Published in Finance

With more limited resources compared to for-profit businesses but an equal need for talent, nonprofits must turn to other incentives for attracting and retaining qualified, passionate people.

Published in Talent

GRAND RAPIDS — When he retired from Fifth Third Bank at the end of 2015, David Dams told his colleagues that he “was looking for that next new venture or adventure.”

Published in Finance

GRAND RAPIDS — Commerce Bank has moved into West Michigan, seeking to carve out a role in the middle market.

Published in Finance

St. Louis, Miss.-based Commerce Bank has announced plans to enter Michigan with a Grand Rapids office.

Published in In the News

While Robert Haveman served as a trusted financial executive for the former Holland-based auto supplier Prince Corp., he appears to have made poor choices when it came to his own personal finances.

Published in In the News
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