BANKING & FINANCE

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

ARTICLES

Doeren Mayhew acquires Beene Garter

West Michigan’s largest privately held accounting firm was acquired by an east side public accounting firm and will eventually take on its new owner’s name and branding.

Strain Electric sells to Power VAC

With the support of two private equity firms, a hydro excavation service provider in Novi recently acquired an electrical utility contractor in Wyoming.

Rehmann promotes associates to principals

A financial services and advisory firm promoted two West Michigan associates to principal.

Record pace of M&A expected to continue

A national survey conducted by a Michigan law firm found nothing is expected to break the stride of M&A dealmakers over the year to come.

Survey shows shift in customers’ banking habits

Nearly all consumers now do some or all of their banking digitally, while interaction with bankers is reserved for advice and complex transactions — a trend expected to accelerate in 2022.

EHTC promotes CPA to partner

A local full-service accounting firm promoted one of its employees to partner.

Lighthouse acquires Gales Agency

Lighthouse, an Alera Group company, acquired an insurance agency based in Oceana County that previously was a subsidiary of Shelby State Bank.

Waséyabek Development Co. acquires Safari Circuits

Waséyabek Development Co. now is the majority owner of an Otsego-based electronics manufacturer.

ChoiceOne Bank appoints new CFO

The CFO of a Sparta-based bank retired and was replaced by the bank’s former COO.

RPC hires associate partner

Rende Progress Capital (RPC) hired an associate partner for lending opportunity and administration.

NCTF receives $1M investment from Wege Foundation

A Grand Rapids-based venture fund aimed at boosting businesses owned and/or led by people of color in West Michigan just got $1 million from a private foundation.

Lake Michigan Credit Union acquires Pilot Bank

The region’s largest credit union just got bigger.

Investment sparks growth for physical therapy centers

A Grand Rapids-based physical therapy provider received a strategic investment from a Chicago health care investor.

Haworth to acquire Mikomax

A Holland furniture company announced its intention to acquire a maker of acoustic pod solutions based in Poland.

Social Security Administration plans benefit changes for 2022

(As seen on WZZM TV 13) In 2021, Americans experienced the highest spike in inflation in three decades, as measured by the Consumer Price Index.

Rehmann wealth manager shares tips for 2022

Business owners and high net worth individuals who have been coasting on an outdated wealth management plan should make 2022 a year of review and change, according to a local financial planner.

Old National Bank hires Holland bank manager

A bank with a West Michigan presence hired a manager for its Holland location.

President and CEO of Consumers Credit Union to retire; successor is named

The longtime leader of a West Michigan credit union is retiring next year and will be succeeded by the institution’s COO.

Auxo Investment Partners acquires Ferrovia Services

A local private equity firm is adding to its railroad maintenance platform with another acquisition.

Rohr Gasoline Equipment sells to D.H.T. Holdings

A company on the east side of the state acquired a local provider of gas station equipment installation and repairs.

Deloitte appoints new Grand Rapids managing partner

Deloitte’s Grand Rapids office has a new managing partner.

Rende Progress Capital funds Daddy’s Dough Cookies

A local racial equity lending firm made a loan to a Black- and family-owned food business.

Fifth Third expands partnership that serves customers with disabilities

Fifth Third Bank’s partnership with the National ABLE Alliance to provide financial services geared toward individuals with disabilities is now covering Michigan.

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