Private equity, lenders, investments, credit unions and financial planning


Investment firm acquires tech company

Grand Rapids-based investment company Century Technology Group announced the acquisition of Mutually Human.

Bank of America names Family Promise a ‘Neighborhood Champion’

Bank of America recognized Family Promise of Grand Rapids as a Neighborhood Champion and will grant the nonprofit $50,000 and provide virtual leadership training as part of the program.

Report shows Grand Rapids has 6th-lowest percentage of female small business owners

A new report shows female small business owners still are in the minority in the Grand Rapids area.

Study: Michigan is far behind on its rent

Michigan renters are falling behind on payments more so than the rest of the country.

Industrial space remains hard to find

According to the third quarter market reports from NAI Wisinski West Michigan, the industrial sector is pushing through COVID-19 territory thanks to Michigan’s strong manufacturing backbone, but the region may have yet to see the long-term effects of the pandemic on other real estate sectors.

Merrell rides wave of outdoor activity

With the great outdoors deemed a safe space now more than ever due to the pandemic, the Merrell footwear brand is seizing the opportunity to connect with new customers and increase its sales.

Gift tax exemption set to increase next year

With a new president comes new changes, but there is one trend that will remain the same, at least for now.

Tax adviser: Give and you shall receive

The Coronavirus Aid, Relief and Economic Security (CARES) Act legislation included a tax break that a local accountant hopes will encourage West Michiganders to give whatever they can to charity this holiday season.

Stryker completes $4B acquisition of Wright Medical

Stryker completed the previously announced acquisition of Wright Medical Group, a global medical device company focused on extremities and biologics.

Private equity firm, family offices invest in Proos Manufacturing

A group of investment firms is injecting capital into Proos Manufacturing to support the company’s “rapid growth” in domestic and international e-commerce fulfillment.

ICCF appoints ChoiceOne banker to board of directors

Inner City Christian Federation appointed a branch manager and assistant vice president from ChoiceOne Bank to its board of directors.

Mel Trotter lands $25K workforce development grant

A nonprofit that serves individuals experiencing homelessness was awarded a grant to expand its workforce development programs.

Mercantile Bank expands into Ohio

Mercantile Bank of Michigan opened its first location outside of Michigan.

Centennial Securities appoints COO

An independent brokerage and investment advisory firm promoted a longtime employee to COO.

Newsweek names ChoiceOne Bank as Best Small Bank in Michigan

Sparta-based ChoiceOne Bank was named Michigan’s top small bank by Newsweek.

LMCU appoints Grand Rapids Griffins president to board of directors

Lake Michigan Credit Union appointed the president of the Grand Rapids Griffins hockey team to its corporate board of directors.

Plante Moran rolls out ‘Work-from-Home Remedies’

Recognizing the extra stressors employees are facing as the pandemic stretches on, a Michigan-based tax and accounting firm came up with a plan to make life easier and keep people productive and sane.

Expert: Plan smart to mitigate impacts of COVID-19 next year

Now that most of his business clients have successfully navigated the Paycheck Protection Program and taken advantage of stimulus funding options available to them, a local Rehmann expert is encouraging them to look ahead at additional strategies to mitigate the impacts of COVID-19 on their business the rest of this year and into 2021.

United Federal Credit Union acquiring Edgewater Bank

A credit union based in St. Joseph is planning to acquire a nearby bank.

Credit union to purchase Hastings branch of Mercantile Bank

A credit union based on the state’s east side is planning to purchase a Hastings branch location belonging to Mercantile Bank.

Auxo Investment Partners acquires steel die maker

A local private equity firm acquired a Chicago-area manufacturer of corrugated steel rule dies.

TCF Financial Corporation enacts executive succession plan

The CEO of TCF Financial Corp. retired Tuesday, and its board vice chair is taking his place, leading to a ripple of other executive changes within the financial institution.

Detroit Schools released from 11 years of state oversight

DETROIT — A commission on Monday released the 47,000-student Detroit Public Schools from more than a decade of state financial oversight, restoring full control of the district's finances to the city's elected school board.

Comerica Bank donates $350K to Michigan Women Forward

A nonprofit that supports female entrepreneurship just got a big financial boost from Comerica Bank.

Davenport’s board of trustees undergoes changes

Davenport University has added two new members to its 11-member board of trustees and appointed two members to new leadership roles.