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Displaying items tagged: First National Bank of Michigan

Sunday, 20 November 2022 18:58

Commercial lenders begin to see signs of softness in demand for credit as economy weakens

Commercial lenders head toward the end of 2022 in an uncertain economic environment with rising interest rates and predictions for a mild U.S. recession in the second half of next year.

Published in Finance
Sunday, 06 November 2022 18:52

CHANGE AT THE TOP: Huntington Bank now leads Grand Rapids MSA for share of deposits

For the next year, Huntington Bank can claim bragging rights in the Grand Rapids market after edging into the leading position for deposit market share that Fifth Third Bank has held for decades.

Published in Finance
Tuesday, 26 October 2021 14:39

State approves financing for $13.2M, 52-unit mixed-use project in Kalamazoo

KALAMAZOO — State officials have approved a loan and brownfield incentives for a $13.2 million, five-story mixed-use development planned at a former industrial site north of downtown Kalamazoo. 

Sunday, 15 August 2021 17:30

Banks willing to work with potential borrowers still carrying PPP loan debt

Businesses that received a federal Paycheck Protection Program loan and are growing or intend to seek financing for an expansion should apply for loan forgiveness as soon as possible, according to bankers.

Published in Finance
Thursday, 08 April 2021 21:04

First National Bank names new Grand Rapids market president

First National Bank of Michigan has named Mike Hollander as Grand Rapids market president.

Published in Finance
Sunday, 28 February 2021 17:10

West Michigan executives reflect on a year of leading through a pandemic

After a year of reporting on the COVID-19 pandemic, it becomes increasingly difficult to capture all of the nuanced and at times discordant effects it has had on businesses. While some have thrived or pivoted, many others have struggled to hold on or closed up shop. 

Published in Economic Development

Wednesday, 27 January 2021 10:48

Grand Haven’s Peerless Flats development secures $4.75M loan, additional incentives

GRAND HAVEN — A planned 124-unit apartment development in Grand Haven has been approved for a Michigan Community Revitalization Program loan for $4.75 million along with $1.38 million in brownfield incentives.

Sunday, 13 September 2020 13:24

MiBiz Growth Report: September 13, 2020

This is the MiBiz growth report for September 13, 2020.

Published in Economic Development
Wednesday, 02 September 2020 09:34

First National Bank of Michigan to open Lansing branch

KALAMAZOO — First National Bank of Michigan plans to open a new branch office in Lansing.

Published in Finance

Sunday, 07 June 2020 17:45

Restrictions in Fed’s Main Street Lending Program could limit appeal

The Federal Reserve Bank’s $600 billion Main Street Lending Program promises to offer small and mid-sized businesses hurt financially by the COVID-19 pandemic with another option to access credit and operating capital. 

Published in Finance
Sunday, 07 June 2020 17:35

Commercial lenders discuss effects of pandemic on West Michigan businesses, banking industry

Bankers across the region have been focused on working with small business clients to secure loans from the federal Paycheck Protection Program, as well providing payment deferrals and adjusting loans for business borrowers hit hard by the COVID-19 pandemic. 

Published in Finance
Saturday, 12 October 2019 08:17

Growth Report: October 12, 2019

This is the growth report for Oct. 12.

Published in Economic Development

Saturday, 26 May 2018 14:20

United Bank to Open Downtown GR Branch

GRAND RAPIDS — United Bank will become the latest entry into the downtown banking market with the planned opening of a new office later this year.

Published in Finance
Thursday, 21 September 2017 10:46

First National Bank of Michigan to move Holland office

Kalamazoo-based First National Bank of Michigan plans to move its Holland loan office early next year to a former bank office on Eighth Street in downtown Holland.

Published in Breaking News
Thursday, 13 April 2017 09:57

First National Bank of Michigan to expand to Lansing

First National Bank of Michigan plans to enter the Lansing market after expanding to the lakeshore area with a Holland loan office last fall.

Published in Breaking News

Tuesday, 17 January 2017 10:18

Bitzer promoted to president and CEO at First National Bank of Michigan

Following a leadership succession plan put into place more than a year ago, Kalamazoo-based First National Bank of Michigan promoted Daniel Bitzer to president and CEO.

Published in Breaking News
Sunday, 30 October 2016 16:56

First National Bank of Michigan eyes expansion to Holland, other contiguous markets

Kalamazoo-based First National Bank of Michigan plans to open a Holland office five years after moving into the Grand Rapids market.

Published in Finance
Sunday, 10 July 2016 13:31

Banks feel the talent gap: Hiring curbed by gutted training programs, lack of interest among younger generations

Bankers say they hear it regularly from their clients: It’s gotten awfully hard to find good talent these days.

Published in Finance

Sunday, 10 January 2016 22:33

Community banks show renewed focus on succession planning

Dan Bitzer’s ascension to the role of president at First National Bank of Michigan followed a process that directors at the Kalamazoo community bank outlined years earlier.

Published in Finance