BANKING & FINANCE

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

ARTICLES

Pandemic has many considering business exits

The tumult of the past 15 months is leading many business owners to think about retirement, but a local firm says only 1 in 4 have a formal succession plan in place.

Consumers Credit Union breaks ground on Muskegon location

A Kalamazoo-based credit union is adding another location on the lakeshore.

Grand Rapids Venture Capital acquires Professional Courier Services

A recently formed venture capital firm acquired a same-day small package delivery and errand service business.

Old National merges with First Midwest Bank

A bank with West Michigan locations is merging with First Midwest Bancorp to create a new entity with $45 billion in combined assets.

Lake Michigan Credit Union opens branch in Ada

Lake Michigan Credit Union recently opened a branch in downtown Ada.

Independent Bank launches ONE Wallet suite

Business, personal and commercial customers of Independent Bank now have an enhanced set of online and mobile banking options.

ChoiceOne announces succession plan for retiring CFO

ChoiceOne Bank’s CFO will retire at year’s end, and the bank selected his replacement.

United Federal Credit Union adds to leadership team

United Federal Credit Union is rounding out its leadership team after the acquisition of Edgewater Bank.

Start Garden graduates make their mark

Start Garden has made its presence felt in this region’s business community ever since it was founded nine years ago by Rick DeVos.

Mel Trotter launches public phase of capital campaign

Mel Trotter Ministries is well on its way to improving how it addresses the city’s homelessness crisis.

GVSU joins national effort to refine learning

Grand Valley State University is partnering with five other universities and colleges nationally to give students the opportunity to find solutions to some of higher education’s most challenging problems through the launch of REP4, Rapid Education Prototyping for Change, Learners, Community, Equity.

Firm advises employers on return-to-office plans

While many employees are celebrating the impending return of in-person work, their employers’ focus is on ensuring a smooth transition.

Citizens finds recovery continues in Q1

The Citizens Business Conditions Index for the first quarter of the year was in “upbeat territory,” the financial institution said.

Owner sells Dienetics Inc. to Illinois buyer

The owner of a Jenison-based manufacturer sold the company to an out-of-state buyer.

Northpointe Bank appoints SVP and chief accounting officer

A local bank appointed a leader to oversee its accounting policy, strategy and workflows.

Independent Bank partners with Freddie Mac on homebuyer assistance

Independent Bank is giving homebuyers a helping hand with their down payment through a new program with Freddie Mac.

Aquinas College launches accounting and auditing program

Aquinas College is offering a new accounting and auditing certificate program in response to an increasing demand for nonaccounting professionals to partner with financial teams.

Bank of America raising U.S. minimum wage to $25 by 2025

A national bank with a sizeable West Michigan presence said it will raise its U.S. minimum hourly wage to $25 by 2025.

Rua M&A restructures to provide targeted customer service

A West Michigan mergers and acquisitions firm is restructuring the way it serves clients to provide a more targeted level of service.

City commission adopts FY2022 budget

The Grand Rapids City Commission on Thursday approved a $546 million fiscal year 2022 spending plan that continues current municipal service levels and meets financial obligations for existing contractual agreements — something that many municipalities across the country have not been able to do due to the pandemic.

LMCU celebrates 500,000th member

Lake Michigan Credit Union celebrated its 500,000th member at a ceremony at the credit union’s newest branch in Grand Haven.

Banker uses position to teach kids about finances

One United Bank of Michigan employee is on a mission to ensure children understand the value of money before they grow older.

GR Chamber creates minority business councils

The Grand Rapids Area Chamber of Commerce has taken its diversity, equity and inclusion goals to the next level by creating three minority business councils.

City manager presents first draft of FY22 budget

Grand Rapids City Manager Mark Washington recently presented the first of several planned reports on the fiscal year 2022 preliminary fiscal plan to the city commission.

Comerica’s index climbs for third consecutive month

Comerica Bank’s Michigan Economic Activity Index showed the state is continuing to benefit from the rebounding U.S. economy, but challenges remain.

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