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American Jewelry and Loan pawn shop chain grows with the times
Sherri Welch - The American Jewelry and Loan chain just got bigger. The Detroit-based pawn business, star of TruTV's "Hardcore Pawn," acquired Joey's Jewelry & Loan on John R just north of Eight...
View ArticleGreat Lakes lenders plan conference in Detroit
Crain's Detroit Business - The 18th annual Great Lakes Lenders Conference, a professional-development conference for bankers, lenders, credit analysts, underwriters, servicing staff and attorneys from...
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Chemical Financial shareholders overwhelmingly OK deal to buy Talmer
Tom Henderson - Shareholders of Midland-based Chemical Financial Corp. (Nasdaq: CHFC) Tuesday afternoon overwhelmingly approved the proposed $1.4 billion acquisition of Troy-based Talmer Bancorp Inc....
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Bank of Ann Arbor purchase could signal future growth
Tom Henderson - The Bank of Ann Arbor has been cautious about expansion, sticking mostly to its Washtenaw County roots and sticking a toe into Wayne County in the 20 years since its founding. Its move...
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'Community bank' began as Martin's big idea
Tom Henderson - It was the mid-1990s and Bill Martin, the prominent Ann Arbor real estate developer and founder of First Martin Corp., was fed up at seeing local community banks getting bought by...
View ArticleLook for more offbeat ads from Bank of Ann Arbor
Tom Henderson - The Bank of Ann Arbor carved out market share in Washtenaw County at the same time it was carving out a reputation as a savvy marketer, with funny, often hilarious, billboards...
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UM business class aims to help 15 tech companies take off
Tom Henderson - David Brophy, a finance professor at the University of Michigan, wants to take 15 early-stage tech companies to school in the prestigious Ross School of Business, and it won't cost...
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Douglas Donnell
Chad Halcom - An $80 million-plus judgment against Huntington National Bank last fall for its alleged role in a West Michigan company's Ponzi scheme is under appeal, but still stands as one of the...
View ArticleAlly Financial net income nearly doubles in 2nd quarter
Associated Press - Auto finance company Ally Financial said Tuesday that its net income nearly doubled in the second quarter, and its stock rose in daily trading. Detroit-based Ally Financial said its...
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PayAnywhere shakes up team, eyes future
Tom Henderson - The voice on the phone was angry. And, of course, anonymous. To paraphrase, the message was: You were dumb enough to fall for it the last time you wrote about PayAnywhere. Maybe now...
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Q10 | Lutz Financial Services opens Detroit office
Chris Ehrmann - Q10 | Lutz Financial Services Inc. has opened a second office, this time in downtown Detroit. The Birmingham-based real estate financial services company on July 1 opened an office on...
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Wayne State sees financial concerns easing
Chad Halcom - Wayne State University officials think the clouds that bond rating agencies see looming over their finances will soon lift, as deficit spending to subsidize construction and its School...
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Sam Simon grows network of investment vehicles
Tom Henderson - Sam Simon's Birmingham-based private equity interests include growing numbers of funds and portfolio companies. The various legal entities operate under the brand of Simon Holdings...
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Sam Simon deals in undervalued companies with same attitude that built his...
Tom Henderson - Sam Simon, who launched Taylor-based Atlas Oil Co. in 1985 with a single truck and a credit card and built it into a $2 billion-a-year fuel wholesaler, is building a network of private...
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Municipal finance firm changes name to Siebert Cisneros Shank
Tom Henderson - New York-based Siebert Brandford Shank & Co. LLC, the nation's No. 1 minority-owned municipal finance and underwriting firm, announced Monday that it has changed its name to...
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Ex-Bank of Michigan exec sets sights on fledgling Vision Investment Partners
Tom Henderson - Mike Sarafa, until recently the president of the Bank of Michigan, has been recruited to help run a new family investment office in Bloomfield Hills. The office, Vision Investment...
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Army veteran gives Merrill Lynch lesson in teamwork
Tom Henderson - John Kulhavi learned teamwork in Vietnam, then invented the team concept at Merrill Lynch in Farmington Hills. A member of the Reserve Officer Training Corps at Central Michigan...
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Roller coaster ride: Wealth managers hold investors' hands during Brexit,...
Tom Henderson - The Brexit vote on June 23, which shocked pollsters and markets when the British electorate voted to leave the European Union, has been 2016's poster child for the mantra of area...
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What 12 wealth managers, economists recommend now
Tom Henderson - If there's one thing that becomes clear after interviews with 12 wealth managers and economists about investments they like or don't like, it's this: They don't march in lockstep....
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Corktown hotel gets $7.85 million loan to complete renovations
Chris Ehrmann - A Corktown hotel has received a $7.85 million construction loan to complete renovations. Birmingham-based Q10| Lutz Financial Services closed on the financing with Cinnaire for the...
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