Displaying items tagged: West Michigan Community Bank
West Michigan lenders lean into due diligence processes ahead of possible downturn
Lenders head toward spring expecting further hikes in interest rates and with increased prospects for a mild economic recession beginning later this year.
New customers, federal relief programs drive growth in bank deposits
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.
Consumers CU plans further growth in GR, lakeshore markets
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 continues Grand Rapids-area expansion
West Michigan Community Bank has extended its Grand Rapids-area footprint with a new office in Grand Rapids Township.
Lakeshore retailers adapt, move online as some scramble to stay afloat
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.
Holland/Zeeland loan program shows how nonprofits are getting creative during pandemic
Mike Goorhouse isn’t a banker, but the coronavirus pandemic has him thinking like one.
Some West Michigan banks close lobbies in response to COVID-19
Two locally-based banks — Mercantile Bank and West Michigan Community Bank — plan to close the lobbies of bank branches to customers starting Wednesday.
West Michigan Community Bank to open new Grand Rapids office
GRAND RAPIDS — West Michigan Community Bank plans to open a new regional office in Grand Rapids Township.
Amid economic concerns, borrowing remains strong for short-term projects
Commercial bankers say clients’ demand for credit remains strong, although borrowers in West Michigan are carefully watching what’s ahead for the economy.
West Michigan bankers react to potential for Fed rate decreases
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.
West Michigan Community Bank raises $8 million to support growth
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.
Crystal Ball 2019 Finance Outlook: More interest rate hikes expected for 2019
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.
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.
Community banks eye growth with stronger Grand Rapids presence
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.
West Michigan bankers hopeful for improving — if not repealing — Dodd-Frank
Bankers in West Michigan and nationwide could get some regulatory relief this year.
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.