Urge to Merge: M&A fever hits accounting and insurance firms

The merger trend among local independent insurance agencies, which shifted into high gear last year, is also hitting the public accounting sector. Traverse City-based Dennis, Gartland & Niergarth (DGN), northern Michigan’s largest, locally owned public accounting firm, last month purchased Hill, Schroderus & Company, a Petoskey-based...

Banking On It: Local deposits up 30% from 2009

Financial institutions have long competed for deposits using a variety of lures, including promotional interest rates, tote bags and toasters. Frankfort-based State Savings Bank, which entered the Traverse City market last year, even offers a free pie to anyone who switches a checking account from another...

Federal Law Scaring Local Financial Institutions Away from Cannabis Banking

Some local bank and credit union officials say they’re anxious to cultivate the blossoming marijuana industry. There’s just one problem. Although Michigan voters approved the sale and use of medical and recreational marijuana, the drug is still an illegal controlled substance under federal law. “We’ve made the decision...

Looking Good: The latest in medical and cosmetic technologies

(top l-r): Lo, Kuenker and Jeffries (middle l-r): Leithauser and Madion (bottom): Andriese Hot lasers. Cold lasers. Microwaves. Micro-needling. Platelet-rich plasma therapy. They are among the newer cosmetic and medical treatments people in the Grand Traverse region are increasingly seeking, according to...