Displaying items tagged: First National Bank of Michigan

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.

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.

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. 

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.

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

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. 

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.

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

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

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. 

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. 

This is the growth report for Oct. 12.

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.

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.

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

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.

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

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

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.