Published in Finance

West Michigan Community Bank to open new Grand Rapids office

BY Wednesday, July 24, 2019 11:05am

GRAND RAPIDS — West Michigan Community Bank plans to open a new regional office in Grand Rapids Township.

The Hudsonville-based bank will start construction this summer on the 8,000-square-foot retail branch and commercial lending center at Patterson Avenue and Cascade Road SE. Completion is targeted for 2020.

COURTESY PHOTO

“This new investment represents our continued commitment to growth in Grand Rapids,” bank President and CEO Philip Koning said in a statement. 

“We believe this new location in the southeast part of town will offer customers greater access to our team and provide us with a sophisticated space as we continue to explore new and innovative ways to serve our community.”

David Bareman of DLB Architects LLC in Holland served as the principal architect on the project. Grand Rapids-based First Companies Inc. will serve as the general contractor.

West Michigan Community Bank presently has six offices in Ottawa and Kent counties: two in Holland and one each in Zeeland, Hudsonville, Jenison and downtown Grand Rapids. The bank has about $543 million in assets.

The bank last December closed on $8 million in new capital raised through a private placement to support further growth and develop another branch location in the Grand Rapids area. As MiBiz reported at the time, $6 million came from existing owners, plus $2 million from 24 new individual investors locally who put money into the bank for the first time.


MiBiz finance news coverage is supported by Chemical Bank, the largest banking company headquartered and operating branch offices in Michigan. Visit chemicalbank.com for information. (This sponsorship is advertising. It has no effect on editorial consideration in MiBiz.)

Read 1819 times Last modified on Thursday, 26 September 2019 16:32
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