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Displaying items tagged: finance

Sunday, 27 October 2019 11:30

Grant will help Northern Initiatives reach more Hispanic entrepreneurs in Michigan

A $500,000 grant from Wells Fargo Bank will enable Northern Initiatives to put a larger focus on diversifying its lending.

Published in Finance
Friday, 18 October 2019 12:17

Grand Ventures leads investment round in California fintech firm

GRAND RAPIDS — Grand Ventures led an investment round in CRE Simple Inc., an Oakland, Calif.-based fintech firm focused on commercial real estate.

Published in Finance
Tuesday, 15 October 2019 11:44

Mercantile Bank cites ‘solid’ loan growth through third quarter

GRAND RAPIDS — Mercantile Bank Corp. maintained solid growth and earnings through the third quarter.

Published in Finance

Sunday, 13 October 2019 20:15

Keystone Solutions eyes continued growth with Charter Growth Capital investment

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

Published in Finance
Sunday, 13 October 2019 14:00

Red Oak Capital pursues third $50M fund for commercial real estate bridge loans

GRAND RAPIDS — Red Oak Capital Group LLC plans to raise another $50 million through a public bond offering for a third fund to offer bridge loans for commercial real estate.

Published in Finance
Sunday, 13 October 2019 08:00

As financial groups push SAFE Banking Act, barriers to serving marijuana firms remain

Even if the U.S. Senate were to pass a bill to make it easier for banks and credit unions to serve the emerging cannabis industry, questions remain over just how many financial institutions will act quickly on the opportunity.

Published in Finance


Sunday, 13 October 2019 19:08

M&A Awards: Achieving investor alignment key to Acrisure’s $2 billion capital raise

Investors initially wanted to up their ante and take their stake in Caledonia-based Acrisure LLC to several times their existing holdings.

Published in Finance
Sunday, 13 October 2019 18:42

M&A Awards: Northpointe Bank gets boost from $25M raise, deal to expand to northeast states

Raising $25 million in capital and acquiring a mortgage company positioned Northpointe Bank for even more growth in the years ahead.

Published in Finance
Wednesday, 02 October 2019 11:57

Charter Growth Capital mezz fund invests in Keystone Solutions

Charter Growth Capital Fund, a mezzanine fund formed this past summer by Grand Rapids-based Charter Capital Partners, made its first deal with an investment in Keystone Solutions Group.

Published in Finance

Tuesday, 01 October 2019 15:20

Greatland acquires New Jersey tax form processing firm

GRAND RAPIDS — Greatland Corp., a provider of W-2, 1099 and 1095 solutions, has acquired JAT Software Inc. of Bridgewater Township, N.J.

Published in Finance
Tuesday, 01 October 2019 12:49

Grand Ventures closes on $28 million fundraising round

GRAND RAPIDS — Venture capital fund Grand Ventures has closed on $28 million that was raised for its first fund.

Published in Finance
Friday, 27 September 2019 12:42

Element 22 raises $500,000 from 10 credit unions, transitions to CUSO

PORTAGE — Kenneth Leonard and Ryan Reffitt originally set out to provide small banks and credit unions across Michigan with underwriting and other support services for writing business loans.

Published in Finance


Sunday, 29 September 2019 13:31

Acquisitions remain option for ChoiceOne after County Bank deal

SPARTA — ChoiceOne Financial Services Inc. remains open to further acquisitions after the $89 million deal with Lapeer-based County Bank Corp. is completed next year.

Published in Finance
Sunday, 29 September 2019 11:22

High Street Insurance eyes ‘fantastic’ growth opportunities in consolidating industry

The purchase of Ottawa Kent Insurance Agency Inc. comes as a Traverse City-based agency platform backed by private equity investors pursues a Midwest acquisition strategy.

Published in Finance
Sunday, 29 September 2019 17:15

New Acrisure joint venture leverages AI to serve nontraditional workers

CALEDONIA — Acrisure LLC has launched a joint venture to sell insurance coverage directly to consumers through a digital platform backed by artificial intelligence.

Published in Finance

Wednesday, 18 September 2019 12:23

Shareholders approve ChoiceOne-County Bank merger

SPARTA — ChoiceOne Financial Services Inc.’s merger with Lapeer-based County Bank Corp. easily earned shareholder approvals this morning and now heads to a close next spring.

Published in Finance
Wednesday, 11 September 2019 10:54

Ottawa Kent Insurance sells to PE-backed High Street

JENISON — Ottawa Kent Insurance Agency Inc. was acquired by Traverse City-based High Street Insurance Partners Inc., an insurance agency platform formed last year by Huron Capital Partners LLC, a Detroit-based private equity firm.

Published in Finance
Monday, 02 September 2019 20:07

The revised statement of purpose from the Business Roundtable

Here is the revised text of the “Statement on the Purpose of a Corporation” issued by the Business Roundtable on Aug. 19:

Published in Finance

Sunday, 01 September 2019 16:56

Great Lakes VC funds increasingly look locally for deals

Grand Ventures I LP’s lead investment in a Chicago digital health company typifies what’s occurring in venture capital in Michigan and neighboring states: Funds based in the region are backing Great Lakes-based startups.

Published in Finance
Monday, 02 September 2019 11:49

Outlooks continue to show slower growth ahead for Michigan, U.S. economies

As U.S. economic growth slows, so too does Michigan’s economy.

Published in Finance
Monday, 02 September 2019 08:49

Corporate executives look beyond shareholders

The Business Roundtable, an organization of leading U.S. corporate executives, last month issued a new version of its Statement on the Purpose of a Corporation. 

Published in Finance

Monday, 02 September 2019 09:40

GVSU professor: Beware of greenwashing in Business Roundtable’s revised corporate purpose statement

The latest version of the Business Roundtable’s Statement on the Purpose of a Corporation is intriguing, according to Tim Syfert, a clinical professor of business at Grand Valley State University’s Seidman College of Business.

Published in Finance
Monday, 02 September 2019 10:34

Steelcase’s Keane: New statement shows businesses ‘lead the way in doing good’

Steelcase Inc. President and CEO James Keane was among the 181 chief executives in the U.S. that signed the Business Roundtable’s “Statement on the Purpose of a Corporation.” He offered his perspective on the document in emailed responses to MiBiz.

Published in Finance
Wednesday, 21 August 2019 08:59

My Personal Credit Union rebrand as Bloom Credit Union

WYOMING — My Personal Credit Union of Wyoming changed its name to Bloom Credit Union.

Published in Finance

Friday, 16 August 2019 13:03

Grand River Bank expands with east side location in GR

GRAND RAPIDS TOWNSHIP — Grand River Bank plans to open a new office on the east side of Grand Rapids by the middle of next year.

Published in Finance
Sunday, 18 August 2019 17:50

BANKING: Banks and credit unions wait for federal law to become more cannabis-friendly

The legalization of cannabis in Michigan offers an emerging economic sector for banks and credit unions, but only if Congress enacts legislation to change existing federal law and allow them into the market.

Published in Finance
Sunday, 18 August 2019 17:35

ALL VERY HIGH: Risks, rewards, barriers-to-entry elevated for Michigan cannabis investors

GRAND RAPIDS — Brandon Kanitz walks through a cavernous area of a former auto-parts manufacturing plant, pointing out areas that in the months ahead will become growing rooms for marijuana plants.

Published in Finance

Friday, 09 August 2019 07:59

Consumers Credit Union builds new Grand Rapids-area branch

Kalamazoo area-based Consumers Credit Union recently began construction on a new branch on 54th Street SW in Wyoming, its sixth office in the Grand Rapids area.

Published in Finance
Thursday, 08 August 2019 10:20

Perrigo reports progress on transformation plan

ALLEGAN — Perrigo Co. plc reaffirmed its 2019 earnings guidance and reported a slight decline in net sales resulting from unfavorable currency translations and exited businesses.

Published in Finance
Wednesday, 07 August 2019 14:45

Traverse City insurance firm Hagerty sells minority stake

TRAVERSE CITY — Markel Corp., the Richmond, Va.-based holding company for various insurance, reinsurance, and investment operations, has acquired a minority stake in The Hagerty Group LLC, a Traverse City-based insurer of classic cars and high-end automobiles.

Published in Finance

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