BIG FAST – West Michigan Community Bank plans to open a new regional office in the Township of Grand Rapids.
The Hudsonville-based bank will begin construction this summer on the 8,000 square foot retail branch and commercial lending center at Patterson Avenue and Cascade Road SE. Completion is scheduled for 2020.
“This new investment represents our continued commitment to growth in Grand Rapids,” Bank President and CEO Philip Koning said in a statement.
âWe believe this new location in the southeastern part of the city will provide clients with better access to our team and provide us with a sophisticated space as we continue to explore new and innovative ways to serve our community.â
David Bareman from DLB Architects SARL in Holland was the main architect of the project. Based in Grand Rapids The first companies inc. will serve as general contractor.
West Michigan Community Bank currently has six offices in Ottawa and Kent counties: two in Holland and one each in Zeeland, Hudsonville, Jenison and downtown Grand Rapids. The bank has around $ 543 million in assets.
The bank closed last December of $ 8 million in new capital raised through a private placement to support its growth and develop another branch in the Grand Rapids area. As MiBiz reported at the time, $ 6 million was from existing owners, plus $ 2 million from 24 new local individual investors who put money in the bank for the first time.