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Displaying items tagged: finance

Friday, 09 April 2021 16:21

Grow Michigan Fund II eyes $100M with increased focus on minority-owned businesses

statewide loan fund to provide growth capital to Michigan small businesses expects to start closing deals by the end of the month after securing state support.

Published in Finance
Thursday, 08 April 2021 21:04

First National Bank names new Grand Rapids market president

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

Published in Finance
Thursday, 08 April 2021 12:26

West Michigan industrial sector continues rebound with national, global trends

West Michigan’s industrial economy entered the second quarter trending along with the global and national economic recoveries from the effects of the COVID-19 pandemic.

Published in Finance

Sunday, 28 March 2021 17:00

MiBiz roundtable: M&A experts forecast strong deal flow in post-pandemic rebound

Mergers and acquisitions should remain strong through 2021 — driven by several factors affecting deal flow — although finding a good deal may come with a high price for buyers.

Published in Finance
Thursday, 25 March 2021 18:22

Shareholders approve TCF, Huntington merger

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.

Published in Finance
Wednesday, 24 March 2021 10:29

Acrisure closes $3.4B capital raise to support growth, tech investments

GRAND RAPIDS — Acrisure LLC has closed on a $3.4 billion capital raise, most of which came from the sale of senior preferred stocks to a consortium of investors.

Published in Finance

Thursday, 18 March 2021 15:16

Blackford Capital completes merger of interior design companies

A Boston interior design, procurement and project management firm owned by Grand Rapids-based Blackford Capital completed a merger that led to the creation of a new company serving the North American hospitality market.

Published in Economic Development
Sunday, 28 February 2021 17:00

Huntington, TCF merger could mean opportunities for competitors

While Huntington Bancshares Inc. and TCF Financial Corp. executives say a planned merger between the two companies will create a Midwest banking powerhouse, some experts view it as an opportunity for competitors to gain both business and talent.

Published in Finance
Sunday, 14 February 2021 18:00

Grand Angels and affiliates reorganize to accommodate growth, promote diversity

A restructuring for Grand Angels in 2021 aims to create understanding about angel investing and greater diversity among investors and their deals.

Published in Finance

Sunday, 14 February 2021 18:15

The Shyft Group completes 2020 with a flurry of M&A activity, corporate changes

The Shyft Group was busy in 2020 — and a couple of major deals were only part of the dizzying year.

Published in Finance
Sunday, 14 February 2021 17:50

ChoiceOne’s two recent acquisitions provide lessons on virtual dealmaking

The two acquisitions ChoiceOne Financial Services Inc. closed over a 15-month period tripled the size of the Sparta-based bank holding company.

Published in Finance
Sunday, 14 February 2021 17:20

Amid high volume of deals, Acrisure breaks into artificial intelligence

Greg Williams was looking for a company that could move global insurance brokerage Acrisure LLC into the world of artificial intelligence.

Published in Finance

Sunday, 14 February 2021 17:10

‘Everything kind of fell into place’ with Hannah Lawrence’s Foxbright acquisition

Hannah Lawrence remembered the car ride home after closing on the acquisition of her first business — a moment of brief panic.

Published in Finance
Sunday, 14 February 2021 16:30

Jeff Lambert oversees strong year for acquisitions, startups

As the COVID-19 pandemic was just starting to set in last spring, Jeff Lambert jotted down the words “positively legendary” on a sticky note.

Published in Finance
Sunday, 14 February 2021 16:15

Patience in a pandemic helped guide a busy year for Jeff Ott

As the economy abruptly ground to a halt last spring under COVID-19 restrictions, Jeff Ott stayed busy.

Published in Finance

Sunday, 14 February 2021 15:45

Charter Capital Partners finds niche with middle-market companies

Since launching in July 2019, the Charter Growth Capital Fund has made five investments and raised $31 million to make minority investments in growing, middle-market companies that need growth capital.

Published in Finance
Sunday, 14 February 2021 16:00

Matthew Baas assembles growing number of deals for ‘Main Street’ companies

Max Friar, managing partner at Grand Rapids-based M&A firm Calder Capital LLC, routinely found his company passing on potential clients because of the size of their businesses.

Published in Small Business
Sunday, 14 February 2021 16:00

Auxo Investment Partners manages international complexities in 2020 deal

 The team at Grand Rapids-based private equity firm Auxo Investment Partners has a saying that every deal has to die once before it closes.

Published in Finance

Sunday, 31 January 2021 15:56

Diversity-focused VC fund garners widespread attention, even before making initial investment

GRAND RAPIDS — The West Michigan venture capital fund that intends to invest in growing, minority-owned businesses has garnered attention from interested parties who want to replicate the model elsewhere in the U.S.

Published in Finance
Sunday, 31 January 2021 14:54

Northpointe Bank records ‘banner year’ in 2020 amid low interest rates

The $91 million Northpointe Bancshares Inc. netted in a private stock placement will help support further growth through mid-decade.

Published in Finance
Friday, 29 January 2021 09:14

Macatawa Bank reports higher Q4 earnings as it ramps up more PPP lending

HOLLAND — Macatawa Bank Corp. increased earnings in the fourth quarter, although full-year results declined from the prior year.

Published in Finance

Thursday, 28 January 2021 14:27

Mortgages help boost Independent Bank earnings in 2020

Independent Bank Corp. posted strong earnings growth during 2020 based in part on a strong mortgage pipeline and despite pandemic-related challenges.

Published in Finance
Tuesday, 26 January 2021 13:44

GR-based VC fund targeting minority-owned companies raises $8.5M in first year

GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.

Published in Finance
Monday, 25 January 2021 12:52

Huntington Bank to close 97 in-store branches at Meijer locations as part of TCF acquisition

Huntington Bancshares Inc. intends to close 198 branch offices — about half of which are based in Meijer Inc. stores in Michigan — after completing the proposed $22 billion acquisition of Detroit-based TCF Financial Corp.

Published in Finance

Tuesday, 19 January 2021 12:45

Mercantile Bank reports higher quarterly earnings despite pandemic uncertainty

GRAND RAPIDS — Mercantile Bank Corp. ended 2020 with higher quarterly earnings despite the ongoing costs and economic turbulence from the COVID-19 pandemic.

Published in Finance
Sunday, 17 January 2021 18:40

Sturgis Bank raises $15 million to continue Southwest Michigan expansion

The $15 million Sturgis Bancorp Inc. raised through a debt offering will go to support further growth across Southwestern Michigan.

Published in Finance
Sunday, 17 January 2021 18:38

State expects ‘extremely high’ demand for $58.5M in small business COVID-19 relief

The latest state effort to provide financial aid to Michigan small businesses and entertainment venues that are ailing from the COVID-19 pandemic and resulting restrictions has a relatively short application window based on previous demand.

Published in Finance

Wednesday, 06 January 2021 10:25

High Street Insurance Partners acquires two agencies

TRAVERSE CITY — Insurance brokerage High Street Insurance Partners Inc. has acquired two more agencies, adding to the firm’s existing market presence in the eastern U.S. and expanding it into the Pacific Northwest.

Published in Finance
Sunday, 03 January 2021 18:10

Century Technology Group leans on tech acquisitions to drive growth

ADA — Century Technology Group LLC looks to reload by pursuing acquisitions of technology companies that it can grow.

Published in Finance
Sunday, 20 December 2020 18:05

Post-pandemic supply chain shifts could boost state’s industrial economy

Michigan’s economy could stand to benefit in the years ahead as manufacturers move to reshore work to the U.S. after dealing with severe disruptions in their foreign supply chains when the coronavirus first surfaced in China.

Published in Economic Development

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