Part-Time CFOs: When to use them – and when to move on

Hiring a full-time, in-house CFO is an expensive proposition, especially for small or mid-sized businesses without a lot of capital to burn. Perhaps not surprisingly, accounting firms and other businesses are filling the void by offering a service that frees businesses from needing a full-time CFO. These...

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...

Serious Green: Utilities have given millions back to the region

You know them for electricity or natural gas. But local utilities give back big to the Grand Traverse region – more than $833,600 last year alone benefiting community and residents. In visible and not-so-visible ways Consumers Energy Co., DTE Energy Co., Cherryland Electric Cooperative and Traverse City...

To Whom Much Is Given, Much is Expected

As we reflect on 2019 and look to 2020, we have an exciting opportunity to chart a course for what the next decade will look like for the Grand Traverse area. We have momentum across the region with economic success, new business and community support systems,...