Banking & Finance

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

ARTICLES

DOL’s amendment leaves firms scrambling

Fiduciary rule requires financial advisors to act in best interest of clients, eliminate commission-based services.

December 2, 2016
A rule change concerning fiduciary standards for financial advisers has shaken up the industry — but the shockwaves might not last long. Read More

Private equity firm sells gas station chain

December 2, 2016
A national convenience store company has acquired a long-time West Michigan chain of gas stations and its sister chain of tobacco stores. Read More

Year-end tax planning tips

November 30, 2016
Welcome to December — the last month of the calendar year. If not already, your life is about to be consumed with shopping, holiday parties and family gatherings. There is another item to add to your list before the end of the year that’s not very glamorous but could reap significant rewards: year-end tax planning. Read More

Firm names director of wealth management

November 29, 2016
An investment firm in town has named an attorney its new director of wealth management. Read More

Drug startup secures $10M

November 29, 2016
A startup drug developer in town has closed a $5-million Series A venture financing round and won $5 million in federal grants. Read More

Year-end gifts and taxes

November 29, 2016
For most people, federal estate and gift taxes are not a concern. The reason is because there is a lifetime credit that can be used against either taxable gifts made during one’s lifetime or against federal estate tax at the time of death. Read More

Patience pays off for Greenleaf

Bank waits 18 years for right opportunity to expand to Grand Rapids.

November 25, 2016
For William D. Johnston, chairman of Greenleaf Trust, patience is a virtue. Read More

Millennials: Don’t be afraid

Fifth Third Bank says younger buyers can be tentative when it comes to mortgage loans.

November 18, 2016
Deborah Erickson has seen a lot of changes during her time in the mortgage lending industry, but now she is thinking about the trends that affect millennials. Read More

Farmers rolls out insurance for food trucks

Insurance company lumps commercial automobile, restaurant and business owner coverage in one policy.

November 18, 2016
Farmers Insurance is rolling out a new policy designed to fit the needs of restaurants that roll out. Read More

Geographic resources as economic linchpins

Haiti native explains his country’s inability to maximize potential of assets.

November 18, 2016
When Daniel Jean-Louis was a younger man, he sought out an answer to a question that had been nagging him for his entire life — what makes countries poor? Read More