Displaying items tagged: West Michigan Community Bank

Lenders head toward spring expecting further hikes in interest rates and with increased prospects for a mild economic recession beginning later this year.

Some of the smallest banks in Michigan’s market recorded the biggest growth rates in deposits during a recent 12-month period of the COVID-19 pandemic.

The opening of a new branch in Wyoming and construction of another office in Walker are part of a broader regional growth plan for Consumers Credit Union.

West Michigan Community Bank has extended its Grand Rapids-area footprint with a new office in Grand Rapids Township.

As the owner of longtime downtown Grand Haven retailer Down To Earth, Sholeh Veiseh has turned to hosting virtual fashion shows and offering sales on social media to bring in some revenue during the coronavirus closure.

Mike Goorhouse isn’t a banker, but the coronavirus pandemic has him thinking like one.

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

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

Commercial bankers say clients’ demand for credit remains strong, although borrowers in West Michigan are carefully watching what’s ahead for the economy.

After issuing a steady string of interest rate increases over the last three years, the Federal Reserve could start lowering rates again in the coming months in a move to keep the economy growing, making borrowing a little cheaper for businesses.

The $8 million in capital West Michigan Community Bank just raised will go to support further growth and perhaps develop another branch location in the Grand Rapids area.

Interest rates likely will rise again in 2019. How much and how often remains the question following the latest quarter-point increase in the federal funds rate last week by the Federal Open Market Committee (FOMC), which for two years has been raising interest rates from historic lows reached a decade ago during the Great Recession.

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.

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.

Bankers in West Michigan and nationwide could get some regulatory relief this year.

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