BANKING & FINANCE

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ARTICLES

Study shows damage of pre-K learning disruptions

A new study focusing on the education of preschoolers after providers shut down in-person instruction in March shows a number of negative consequences on early childhood learning.

Huntington Bank commits $5B to state

Michigan will receive the lion’s share of Huntington Bank’s recent $20 billion pledge to its seven-state footprint, and the bank’s West Michigan region president sees it as a fitting move given the level of need.

Real-time payments gain business traction

Real-time payments (RTP), the emerging standard in U.S. billing and payment processing, continues to gain traction among businesses, with over 90% of business leaders reporting interest in the network, according to a new report.

Meijer injects $500K into Rende Progress Capital

Meijer Inc. is putting $500,000 into operational support and lending capital for the local racial equity lender Rende Progress Capital.

Grand River Bank appoints vice president

A local bank hired a new vice president and commercial lender.

Big Boiler Brewing owners acquire Castle Brewing

Castle Brewing Co. in Greenville recently was sold to Big Boiler Brewing in Lowell, according to a statement from Small Business Deal Advisors.

RPC creates RACE4Progress loans for women of color

Rende Progress Capital is deploying three more loans through its RACE4Progress Loan Fund for entrepreneurs of color impacted by COVID-19.

Comerica Bank launches RISE! to support small business

Comerica Bank launched a program that will provide free business resources to aid in the pandemic economic recovery for its customers.

Survey: Many U.S. CEOs are confident

Despite challenging business environment, KPMG audit/tax firm finds mostly positive outlook.

Study: Michigan consumers lose $2.94M to COVID-19 scams

The year isn’t even over yet, and Michigan consumers lost nearly $3 million to COVID-19 fraud, a new study found.

New $50M fund set up to acquire West Michigan businesses

A private investment firm with ties to Western Michigan University recently launched a fund that will help aspiring owner-operators acquire small businesses in West Michigan.

KPMG selects managing partner to oversee Grand Rapids

An audit, tax and advisory firm appointed a managing partner for the Michigan market.

Consultant: Businesses can increase diversity using data

A local consulting firm says it can help create true diversity, equity and inclusion (DEI) in the talent pipeline through data-driven assessment tools and benchmarking.

Blackford Capital completes fifth portfolio exit

A local private equity firm sold its portfolio company Ellison Bakery to another investment firm.

O’Keefe names Grand Rapids office managing director

A financial planning firm hired a managing director for its Grand Rapids office.

FabX Industries acquires Elite Tooling

A manufacturing holding company in Greenville acquired a CNC machining business in Kalamazoo.

Racial equity lender issues first RACE4Progress loans

Rende Progress Capital is deploying the first five loans in its RACE4Progress Loan Fund for entrepreneurs of color impacted by COVID-19.

Companies rank among top construction accounting firms

Three firms with a West Michigan presence were named among the 50 best U.S. accounting practices that serve the construction industry.

Grand River Bank promotes employee to VP

Grandville-based Grand River Bank said it promoted Sandy Cilek to first vice president, relationship executive.

TCF, Chemical Bank complete merger with new signs, branding

Following a merger between TCF National Bank and Chemical Bank, all of the new entity’s banking centers are now operating under the TCF Bank name, and the Chemical Bank signs have all been retired.

Report shows ‘surprising stability’ in Q2

Citizens Business Conditions Index shows stimulus, reopenings eased expected economic impact of COVID-19.

Accounting firms rank among tops for AUM

Accounting Today included a pair of financial firms with West Michigan locations to its 2020 list of Top Firms by Assets Under Management (AUM).

Retail learns to adapt amid COVID-19

The COVID-19 crisis continues to put a strain on the retail real estate market, but some subsectors are thriving in spite — or even because — of it.

West Michigan Community Bank opens new branch

A bank based in Hudsonville is opening its seventh location this month.

Grand River Bank names market executive

A local bank chose a new leader for the market where it is building its next location.

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