United Bank plans first lakeshore department in Holland

United Bank of Michigan plans to make bigger to the lakeshore market with the outlet of a branch workplace subsequent yr in Holland.

The planned branch will go in the $28 million, five-story Towers on River combined-use development on South River Avenue that’s now below creation. The workplace becomes the Grand Rapids Township-based totally United Bank’s thirteenth office in West Michigan and primary at the lakeshore.

Plans for the place come after United Bank previously opened a loan office in Holland in October 2019 that built a patron base.

The new complete-carrier department is a natural extension of the financial institution’s footprint to serve enterprise and retail clients, said President and CEO Joe Manica.

 

“This will convey comfort to those customers, in addition to the numerous location companies and residents that price running with a local financial institution with roots in West Michigan,” Manica stated in a declaration.

United Bank will occupy the first ground and 60 percentage of the second one ground of the Towers on River building that’s underneath development by Towers on River LLC and Geerlings Development Co. Inc. Midwest Construction Group Inc. Of Zeeland is the development supervisor on the undertaking and Integrated Architecture LLC of Kentwood designed the building.

The new Holland region — with the financial institution branch on the first ground, and industrial and mortgage lending and other services on the second one ground — will open within the summer time of 2022 as United Bank’s regional headquarters.

The bank should enlarge further in the lakeshore market with additional places within the years beforehand, said Connie Witcher, United’s senior vice chairman and leader advertising and marketing officer. 1st United Bank Online Banking

“We are usually looking at that. Our long-term plan is certainly to grow and put new workplaces in for convenience,” Witcher stated. “We’re type of letting the surroundings within the nearby market force that. It truly is one of the areas we’ve just certainly grown into.”

United Bank of Michigan at the quit of the primary sector had $803.6 million in total property and overall deposits of $656.4 million, in step with a quarterly financial record to the FDIC. The financial institution recorded $4.1 million in first zone internet earnings.

United Bank presently has six places of work in Kent County, 4 in Allegan County, one in Ottawa County, and one in Ionia County.