Displaying items by tag: Mercantile Bank

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.

In the nearly two years since Minneapolis police killed George Floyd and sparked a national wave of civil unrest, the business community has responded with both internal and external commitments to diversity, equity and inclusion. 

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

GRAND RAPIDS — Private equity firm Blackford Capital has added to its holdings in the hospitality sector with the acquisition of ID Collaborative Inc., a Greensboro, N.C.-based interior design firm.

Buying 14 offices in the central and northern Lower Peninsula from TCF Bank provides a broader stage for Horizon Bancorp Inc.’s further expansion in Michigan.

Here is the MiBiz Growth Report for June 6, 2021.

GRAND RAPIDS — Private equity firm Blackford Capital has invested in Aqua-Leisure Industries Inc.,  a maker of leisure products for water sports and recreation based in Avon, Mass.

Here is the MiBiz Growth Report for November 8, 2020.

Mercantile Bank’s move into Ohio with the opening of a Cincinnati mortgage lending office will allow the Grand Rapids-based bank to “put a flag down there,” bank officials say.

Grand Rapids-based private equity firm Auxo Investment Partners continued its investment in cutting die manufacturers with a recent acquisition.

GRAND RAPIDS — The owners of the iconic Waters Building admit they’ve been “fortunate” in avoiding most adverse effects stemming from the COVID-19 pandemic. 

Two locally-based banks — Mercantile Bank and West Michigan Community Bank — plan to close the lobbies of bank branches to customers starting Wednesday.

KALAMAZOO — A Grand Rapids mezzanine fund’s investment will enable Keystone Solutions Group to maintain its strong growth trajectory in the years ahead.

This is the growth report for Oct. 12.

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.