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Huntington Bank announces leadership change

Written by | Wednesday, 30 January 2013 17:00 |

As Regional President Jim Dunlap focuses on the Huntington’s statewide operations, veteran banker John Irwin steps into the role as West Michigan market leader.

An Indiana bank’s entry into the Southwest Michigan market through the acquisition of 20 Bank of America offices follows an ongoing expansion strategy and may serve as a “stepping stone” for more moves in the future.

A $750,000 investment in a Grand Rapids software company made 2012 the busiest year ever for Grand Angels.

The $1.25 million Blue Medora received from Start Garden and Grand Angels will go to add staff and develop new products.

 

Most outlooks project slow growth in 2013

Written by | Sunday, 20 January 2013 22:19 |

Economic outlooks and survey results generally view West Michigan’s economy and employment growth as plodding along with the nation for the first half of 2013, then picking up during the latter months of the year.

 

An Indiana bank plans to enter the Southwest Michigan market with the acquisition of 20 branch offices from Bank of America.

Office furniture makers upbeat despite challenges

Written by | Sunday, 06 January 2013 23:13 |

Steelcase Inc. is expecting a relatively flat sales pace for the present quarter, while rival Herman Miller Inc. anticipates solid growth, part of which will come from making up sales that were delayed by Hurricane Sandy on the East Coast.

Voters to get final say in PPT repeal

Written by | Sunday, 06 January 2013 23:08 |

After securing a partial victory in a long-sought goal of repealing Michigan’s personal property tax, business advocates next need to turn their attention to convincing voters to go along with the plans.

The “buy local” message has been working well for Blackford Capital.

A private-equities fund formed this year to invest in Michigan-based manufacturers has had “tremendous success” so far attracting investors.

Private equity in need of a makeover

Written by | Sunday, 18 November 2012 00:00 |

The private equity business could use a bit of a makeover, especially in the wake of the PR beating it took during the recent presidential election, says former Republican National Committee chairman and current private equity executive Ken Mehlman. 

Most banking markets across West Michigan grew from mid-2011 to mid-2012 after a one-year decline from 2010.

Local banks improve performance as losses abate

Written by | Sunday, 11 November 2012 20:06 |

West Michigan-based banks further improved earnings during the third quarter as they continued to recover from the recession amid a slow economy.

If nothing else, Chuck Hadden views Michigan’s rise in a national ranking of state business tax climates as further proof that the state is changing for the better.

A dip in U.S. Small Business Administration lending in Michigan during the past year doesn’t mean fewer businesses are borrowing money.

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