Displaying items tagged: finance

Friday, 28 January 2022 13:20

Despite Q4 earnings decline, Independent Bank carries momentum in 2022 with commercial lending 

GRAND RAPIDS — Independent Bank Corp.’s earnings declined in the final three months of 2021 but grew overall for the year.

Published in Finance
Friday, 28 January 2022 13:02

Macatawa Bank reports lower Q4 earnings as PPP loan forgiveness dips

HOLLAND — Macatawa Bank Corp. recorded lower fourth quarter earnings that partly resulted from reduced fee income as fewer federal Paycheck Protection Program loans were forgiven.

Published in Finance
Thursday, 27 January 2022 09:44

Acrisure inks naming rights deal for SoCal stadium

A new Southern California sports and entertainment venue will take its namesake from a Grand Rapids-based insurance broker and financial technology firm.

Published in Finance

Wednesday, 26 January 2022 19:13

ChoiceOne earnings bolstered by prior mergers; bank positioned for growth following capital raise

SPARTA — ChoiceOne Financial Services Inc. recorded higher earnings for 2021, benefitting from mergers that the bank completed in 2019 and 2020.

Published in Finance
Thursday, 20 January 2022 15:40

Grand Rapids CPA firm Beene Garter merges into Troy-based Doeren Mayhew

Grand Rapids accounting firm Beene Garter LLP has merged into Troy-based Doeren Mayhew.

Published in Finance
Tuesday, 18 January 2022 16:30

Commercial loans propelled strong earnings for Mercantile Bank in 2021

GRAND RAPIDS — Mercantile Bank Corp. recorded strong earnings in 2021 with loan growth that President and CEO Robert Kaminski Jr. called “nothing short of stellar.”

Published in Finance

Sunday, 16 January 2022 18:00

Reporter’s Notebook: West Michigan balances lagging wages with regional amenities

If it’s money that matters most when people look for work or to relocate for a new job, then West Michigan may be at a disadvantage in competing for the coveted talent needed to drive economic growth.

Published in Finance
Friday, 07 January 2022 10:19

Hastings Mutual Insurance Co. President and CEO to retire; industry veteran to take over

HASTINGS — Hastings Mutual Insurance Co. President and CEO Joseph Babiak plans to retire on March 31.

Published in Finance
Wednesday, 05 January 2022 11:37

Lighthouse Group expands lakeshore presence with Gales Agency acquisition

GRAND RAPIDS — Insurance and employee benefits agency Lighthouse Group has acquired Gales Agency from Shelby State Bank.

Published in Finance

Sunday, 02 January 2022 18:51

Investment adviser anticipates more stock market volatility in 2022

Jerry VanderLugt sees Wall Street with further volatility in 2022. The founder and principal of JVL Wealth Strategies LLC, which recently moved to a new office in Wyoming, VanderLugt spoke with MiBiz about the market in the new year, the prospect of rising interest rates and higher inflation, and where investors are looking to put their money these days.

Published in Finance
Monday, 03 January 2022 06:00

King named permanent CEO of Gun Lake Investments; activity to accelerate in 2022

Gun Lake Investments started 2022 with a permanent CEO in place and plans to become more active in the market.

Published in Finance
Tuesday, 21 December 2021 11:36

Consumers Credit Union CEO retiring after 38 years; COO to take leadership role

KALAMAZOO — The chief executive officer at Consumers Credit Union plans to retire in mid-2022 after 38 years.

Published in Finance

Sunday, 19 December 2021 19:05

Economists forecast ongoing statewide rebound in 2022

Michigan’s economy and jobs are expected to continue to recover in 2022 from the deep downturn last year resulting from the COVID-19 pandemic.

Published in Finance
Sunday, 19 December 2021 18:35

U.S. economic growth forecasts tempered by ongoing COVID, market concerns

The latest coronavirus variant to emerge in a nearly two-year pandemic creates further uncertainty for the U.S. economy in 2022, although economists generally expect continued strong growth.

Published in Finance
Sunday, 19 December 2021 17:50

Bank M&A expected to surge next year after pandemic lull

The new year could bring a continued acceleration of M&A in the banking industry.

Published in Finance

Thursday, 16 December 2021 16:05

Auxo continues rail sector growth with latest acquisition

Auxo Investment Partners reached further into the rail industry with the acquisition of Ferrovia Services LLC, an Auburn, Ala.-based railroad vegetation management company.

Published in Finance
Monday, 13 December 2021 16:57

Fox Motors expands to metro Detroit with two Erhard dealership acquisitions

Fox Motors has gained a foothold in the metro Detroit market by acquiring two longtime Farmington Hills-based dealerships.

Published in Finance
Sunday, 05 December 2021 18:30

New hire part of Michigan Women Forward’s West Michigan, loan expansion

Hiring a new business development director who’s based in Grand Rapids is part of Michigan Women Forward’s goal to build a larger West Michigan market presence for business lending and support for female-owned businesses and entrepreneurs of color.

Published in Finance

Sunday, 05 December 2021 18:45

Survey: Pay raises grow in a year marked by tight labor market

Employers competing for talent in a tough labor market across the region used larger pay raises in 2021 than in previous years, according to an annual wage and salary survey. 

Published in Finance
Tuesday, 30 November 2021 08:30

Michigan Capital Network expands to Saginaw, Midland markets with addition of BlueWater Angels

GRAND RAPIDS — Michigan Capital Network has further expanded its angel investment network across the state with the addition of Saginaw-based BlueWater Angels.

Published in Finance
Monday, 29 November 2021 12:48

MiBiz on WOOD-TV: The Right Place expands to Mason, Mecosta counties

GRAND RAPIDS — Regional economic development organization The Right Place Inc. recently announced new partnerships that would bring its services and expertise to Mason and Mecosta counties in West Michigan.

Published in Finance

Tuesday, 23 November 2021 16:06

Gage eyes retail cannabis acquisitions after securing $55M in financing

DETROIT — Vertically integrated cannabis company Gage Growth Corp. has secured a $55 million senior secured term loan to support retail acquisitions in Michigan and provide working capital.

Published in Finance
Sunday, 21 November 2021 18:10

Bill would allow tax credit on investments in Michigan-based businesses

Individuals investing in Michigan-based businesses could seek a credit on the state’s income tax under legislation proposed in Lansing.

Published in Finance
Sunday, 21 November 2021 18:00

PE deals expected to drive record-breaking year for M&A in 2022

recovering U.S. economy and readily available capital to finance deals are expected to drive M&A activity even higher in 2022.

Published in Finance

Sunday, 21 November 2021 17:30

Bankers: Commercial lending remains strong despite various economic headwinds

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

Published in Finance
Sunday, 21 November 2021 17:10

Finance experts prepare for likely interest rate increase in 2022

Borrowing could cost a little more in 2022 should the Federal Reserve follow expectations and begin raising interest rates.

Published in Finance
Monday, 15 November 2021 13:49

MiBiz on WOOD-TV: Bell’s Brewery deal latest in West Michigan craft beverage acquisitions

GRAND RAPIDS — Bell’s Brewery Inc.’s announcement last week that it’s selling to the parent company of New Belgium Brewing Co. sent shockwaves through Michigan’s craft beverage industry. It also represents the latest in a series of high-profile deals involving Michigan craft beverage companies.

Published in Finance

Thursday, 11 November 2021 16:53

2022 M&A activity expected to remain strong, according to new outlook

A hot M&A market should get even hotter in the coming year, according to the results of law firm Dykema Gossett PLLC’s latest annual M&A outlook survey.

Published in Finance
Wednesday, 10 November 2021 15:28

Whitmer joins bipartisan call to pass federal cannabis banking regulations

Gov. Gretchen Whitmer has joined 20 other governors in urging Congress to enact legislation that would enable more banks and credit unions to serve the growing cannabis industry.

Published in Finance
Monday, 08 November 2021 12:28

MiBiz on WOOD-TV: New Community Transformation Fund names first managing director

GRAND RAPIDS — A venture capital fund that plans to invest in minority-owned businesses has named Ollie Howie as its first managing director.

Published in Finance

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