As worries about a recession waned over the last few months, the key question turned to when the Federal Reserve may begin lowering interest rates after a series of increases to ward off high inflation.
Grand Rapids Business Journal
First National Bank of Michigan has hired a leader to oversee the local market.
The board of directors of Kalamazoo-based First National Bank of Michigan (FNBM) said Thursday, April 8, it hired Mike Hollander, as market president of its Grand Rapids bank. He replaces Jefra Groendyk, executive vice president who previously held the position of Grand Rapids market president in addition to senior lender. She is transitioning to lead commercial banking activities in all of FNBM’s markets.
Hollander will report directly to Groendyk.
He has over 18 years of experience in banking, with 17 years of that specific to commercial banking. Most recently, he was the Michigan market leader at Commerce Bank in Grand Rapids. Prior to that, he worked at Fifth Third Bank.