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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.

As office furniture companies from around the country roll out new products this week at the NeoCon trade show in Chicago, a Grand Rapids advisory firm is launching a new division to aid buyers and sellers of companies in the industry.

Michigan VCs post strong gains

Written by | Sunday, 26 May 2013 22:00 |

It’s getting easier to find venture capital in Michigan.

GRAND RAPIDS — Flush with a half-billion dollars of new capital, one of Detroit’s most established private equity firms has begun looking aggressively for its first-ever deals in West Michigan, according to one of the firm’s partners.

Four of the region’s top finance executives will share their best practices and insights into the profession at the inaugural West Michigan CFO of the Year event on Tuesday evening, June 11 at the Goei Center in Grand Rapids.

Angel investing grew in Michigan in 2012, drawing more investors who put more money into companies.

Michigan’s venture capital industry grew again in 2012 as both the amount of capital under management and what’s available for new investments posted strong gains.

A Kalamazoo company developing a new treatment for people with hypertension received another infusion of capital as it prepares for a clinical trial in Europe late this year.

GRAND RAPIDS — The planned sale of Grand Rapids-based Global Futures and Forex Ltd. (GFT) stems from what founder and CEO Gary Tilkin says is a need to secure the future as part of a larger company.

Credit unions’ biz loans top $1B in Michigan

Written by | Sunday, 31 March 2013 22:00 |

Business lending by Michigan credit unions surpassed $1 billion for the first time in 2012, as the state’s credit unions posted another year of strong volume growth.

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