Start-Up Bank in Michigan Focuses on Powering Small Businesses

GRANDVILLE, MI--(Marketwire - July 21, 2009) - A bank has opened, not closed, in Michigan recently with the intention on helping the state's small businesses receive the attention they deserve. Grandville-based Grand River Bank (www.grandriverbank.com) opened its doors recently with a business model designed to service the small business sector in West Michigan.

Hard to imagine a bank opening in this economy, let alone in Michigan, but bank officials are very encouraged at the opportunity for the institution to serve small businesses. Grandville is a suburb of Grand Rapids, the state's second largest metropolitan area.

"After two years of organizing and raising capital, it's time to celebrate," says Grand River Bank President & CEO David Blossey. Over 750 mostly local investors helped raise nearly $17m to get the bank started.

Grand River Bank has been built by local business owners to serve the needs of emerging and successful small businesses in West Michigan. The bank understands the challenges small business owners face because the institution itself is a small business. Grand River Bank recognizes that providing financial services to local business powers both the business and its community. Bank officials are from the area and have demonstrated a commitment to building relationships and strong financial partnerships.

"We know a small business owner's time is better spent running its business than running to the bank," Grand River Bank Chairman Robert Bilotti adds. "We've built Grand River Bank to be more convenient, responsive and flexible. Our on-site management team, experienced local business bankers and our local Board of Directors are readily available to answer questions and make quick decisions to keep small business moving ahead."

Contact Information: Contact: Craig Clark (616) 550-2736