A locally based bank has opened a retail loan office in downtown Grand Rapids.
Grand Rapids-based Northpointe Bank recently opened the location at 100 Grandville. Ave. SE.
It is Northpointe’s 58th retail loan office across 22 states and will serve as the home base for the bank’s West Michigan retail sales team, which focuses on residential loans.
Northpointe said the move was born out of a need to find additional room for its “large growth of new employees” at its corporate headquarters, at 3333 Deposit Drive NE in Grand Rapids.
“Just five years ago we had 109 employees, and now we have grown to 751 employees with 250 team members located here in West Michigan,” said Michael Winks, executive vice president and chief lending officer, Northpointe.
“We especially are proud to be a big job creator in the area, and our success is a direct result of all the new loan and deposit account customers we have attracted.”
He noted in the last three months, Northpointe Bank helped 12,434 families finance a home.
The new downtown office is near Van Andel Arena and the new Studio Park development.
“We liked the openness and the great city views that this former warehouse space offers, although our main goal with the renovation was to create a modern spot for our customers and real estate partners to hold meetings and loan closings,” Winks said.
“With many of us working remotely, this office gives our employees and business partners a convenient drop-in space to plug in, hold a meeting or attend a client’s loan closing. The view is not bad either, as the office looks out over the last remaining of 10 historic Anheuser-Busch bottling plants, built in 1905.”
Founded in 1999, Northpointe Bank is a privately held institution that provides home loans and deposit banking products to communities across the U.S.