Displaying items tagged: Huntington Bank

Women business leaders in West Michigan discussed the value of diverse perspectives in leadership, finding mentors in unexpected places and “saying yes to the next challenge.” 

Women entrepreneurs across Michigan are getting a new source of much-needed financial help from one of the state’s leading women’s groups.

Growing West Michigan’s advanced manufacturing, health sciences and technology sectors while expanding economic opportunities for minority residents are key components of The Right Place Inc.’s new three-year strategic plan.

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.

Grand Rapids ranks highly among cities nationwide for its number of employee-owned companies.

Here is the MiBiz Growth Report for September 26, 2022:

GRAND RAPIDS — KeyBank intends to plant a flag in the West Michigan market with the opening of a downtown Grand Rapids office later this year or in early 2023.

Business lending remained strong through midyear despite rising interest rates and economic uncertainty that’s generating worries about a potential recession, according to regional banking executives.

The new West Michigan regional president for Huntington Bank moved into the job with nearly three decades of experience in the market.

Huntington Bancshares Inc. has named a veteran banking executive and longtime West Michigan resident to lead its regional division.

PNC Bank has named Krista Flynn as its new executive leading commercial banking in the Midwest.

Huntington Bancshares Inc.’s acquisition last year of Detroit-based TCF Financial Corp. created the second-largest bank operating in Michigan for deposit market share and with more branch offices than any other bank. The Columbus, Ohio-based Huntington, which also now ranks among the 20 largest banks in the U.S., has since worked to integrate TCF.

Huntington Bancshares Inc. expects to soon name a new leader for its West Michigan market following the recent departure of former regional president Krista Flynn.

The 2021 merger of Detroit-based TCF Financial Inc. into Columbus, Ohio-based Huntington Bancshares Inc. created the second-largest bank operating in Michigan.

Capital is vital to any business, whether it’s just getting started or looking to grow. How you fund your business can have a huge impact on your operations and ability to take advantage of new opportunities.

Given all that’s occurred in the past 20 months, Krista Flynn considers the present lending environment a pleasant surprise.

A statewide loan fund that provides growth capital to rapidly growing businesses expects to start doing deals soon after agreements with its initial investors have been finalized.

Shareholders at TCF Financial Corp. and Huntington Bancshares Inc. on Thursday backed the planned $22 billion merger between the two banks. The deal remains on track to close in the second quarter, pending federal regulatory approvals.

Huntington Bancshares Inc. and Detroit-based TCF Financial Corp., two of the largest banks operating in West Michigan, plan to merge in a $22 billion deal that would create a Midwestern banking powerhouse.

MUSKEGON — As one of the only restaurants open in downtown Muskegon, Topshelf Liquor Bar & Pizza owner Jim Noel is sticking to a formula he knows well. 

The sheer volume of small businesses that have sought federal relief loans illustrates the depth and scope of the economic pain brought on by the COVID-19 pandemic.

Huntington Bank has temporarily stopped taking application from companies seeking a U.S. Small Business Administration loan to get them through the economic hardship caused by the COVID-19 pandemic.

Five weeks before a pair of mass shootings in El Paso, Texas, and Dayton, Ohio rocked the nation, community leaders in Grand Rapids held a press conference on the city’s southeast side to address the city’s recent spike in gun violence. 

Huntington Bank plans to close 31 branches in Michigan and consolidate them with nearby offices.

A pair of initiatives across Southwest Michigan have a similar goal: supporting entrepreneurs starting small businesses in their respective cities and urban cores. 

HUDSONVILLE — After assembling a team of veteran commercial lenders, West Michigan Community Bank is putting more focus on growing in the greater Grand Rapids area.

More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.

As Neil Brown and Wade Thompson considered acquiring Central Interconnect Inc. late last year, they found themselves interested in the opportunity the company presented.

The new head of the U.S. Small Business Administration’s Michigan office believes lending should continue to grow, even as volumes for the agency’s federally backed loans keep moving upward.

Bank of America’s planned move to a new regional office in downtown Grand Rapids comes as the bank seeks to grow its West Michigan presence.