Sun & Snow is gearing up for the sunny season; swim suits, goggles, kayaking, biking gear and sunglasses have all made it to the sales floor already. This just in time for the Grand Opening Celebration at their second location in nearby Plymouth. The event will kick off at 6 ...
Call it hibernating capital.A growing effort to convince wealthy individuals to invest directly in local startup companies is the objective of some leaders in Ann Arbor’s entrepreneurial community. Michigan has 157,642 households with liquid assets worth at least $1 million, according to Phoenix Affluent Marketing Service. That means Michigan has ...
Revenue from mortgage origination is helping offset the continuing drag on earnings from poor quality real estate development loans for the county's top two community banks, according to quarterly reports. Bank of Ann Arbor, the top community bank by deposit market share according to the Federal Insurance Deposit Corp., earned ...
Eleven University of Michigan coaches have mortgages with The Bank of Ann Arbor, which was founded by U-M athletic director Bill Martin, the Detroit News reports today. Is that a conflict of interest? Martin, the chairman of the board at the bank, said he didn't know about the loans until ...
One year after the bottom fell out from under the major Wall Street financial institutions, local community banking leaders are looking forward to grabbing a larger market share, while offering different perspectives on the actions the government took to prevent more large banks from failing in fall 2008. "All the ...
Losses from nonperforming real estate loans continue to eat away at the bottom lines of local banks, but increased mortgage activity - some of it driven by attempts to take advantage of rules on home appraisals -- has resulted in first-half profits for one local lender. A nearly fourfold increase ...