ROCKFORD — When Seth Rivard and his partners opened Rockford Brewing Co. in 2012 along the White Pine Trail about 15 miles north of Grand Rapids, they turned to a federal lending program that backs bank loans for small businesses.
Chemical Bank plans to close or consolidate 16 offices this year throughout Michigan as part of a broader move to trim expenses.
In securing a $40 million investment, Cirius Therapeutics Inc. illustrates a fundamental change that occurred in Michigan’s venture capital sector over the last decade.
GRAND RAPIDS — A medical device startup will use a new $2.1 million capital investment to prepare for larger clinical trials for its new product that treats obesity.
Perrigo Co. plc intends to restate financial reports for two previous fiscal years and 10 quarterly periods after agreeing to reclassify royalty revenues from the multiple sclerosis drug Tysabri that it sold two months ago.
Chemical Financial Corp. doubled earnings for the first quarter, the second full three-month period for the company following its $1.7 billion acquisition of Talmer Bancorp Inc. last summer.
Fast-growing insurance broker Acrisure LLC named D. Michael Sherman as president.
Mercantile Bank Corp.’s net income dipped in the first quarter, the result of one-time events.
EAST GRAND RAPIDS — Spectrum Health plans to relocate long-term acute care to Blodgett Hospital through a partnership with a major national provider in the field.
GRAND RAPIDS — Michigan State University Federal Credit Union’s plan for a downtown office brings another player into the market as Michigan credit unions enjoy a period of strong growth.