Boating Registrations Swell in Region

Boat registrations in Michigan have fallen 10 percent since peaking in 2003, but the five-county Grand Traverse region is bucking the trend. That’s not a surprise to Rick Venner, general manager of Harbor Springs-based Walstrom Marine’s Traverse City showroom, which sells new and used boats ranging...

Making Waves: Paddlesports community questions potential fees

A proposal that would require owners of kayaks, canoes and paddleboards to register their craft with the state is generating a boatload of controversy in the paddling community. The Michigan State Waterways Commission passed a little-noticed resolution in February recommending that paddlecraft owners pay a registration...

Tax Cuts a Boon for TC Businesses

Sweeping federal legislation that provides lucrative tax cuts to businesses also is helping to fatten the wallets of Traverse City State Bank’s employees. The bank announced in February that it was giving each of its 90 employees a one-time $750 bonus because of the federal tax...

Show Me the Money: High loan demand spurs pressure for new deposits

Banks are stepping up the hunt for deposits in order to meet strong local demand for loans. “For the first time in seven years, I’m noticing a competitive pressure on deposits,” said Connie Deneweth, chief executive officer of Traverse City State Bank. “Banks are raising interest...

Two New Practices Emerge from Law Firm Closure

Legal heads turned when partner Peter Boyles announced in June that he and the 16 other attorneys in the Traverse City office of Smith Haughey Rice & Roegge (SHRR) were leaving to start their own firm. Although the deal had not been finalized at the time,...