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by Bank of Ann Arbor May 14, 2010 6:05
ANN ARBOR, MICHIGAN, MAY 14, 2010 – Bank of Ann Arbor, a wholly owned subsidiary of Arbor Bancorp, Inc, announced today that it assumed the deposits and acquired substantially all of assets of Plymouth, Michigan-based New Liberty Bank at the close of business today in a transaction facilitated by the Federal Deposit Insurance Corporation (“FDIC”). Pursuant to the terms of the Purchase and Assumption Agreement entered into
Continue reading: Bank of Ann Arbor Acquires Assets and Deposits of New Liberty Bank, Plymouth, Michigan
ANN ARBOR, Mich.—With the severe national recession of the past two years finally behind us, the pace of economic recovery will be slow and unemployment will remain high for quite some time, say economists at the University of Michigan.
"Based on the data currently available, the recession that began at the close of 2007 appears to have ended sometime this summer—the longest and steepest drop in output since the Great Depression," said U-M
Continue reading: Recession May Be Over, But Recovery Will Be Gradual
ANN ARBOR, Mich.— The University of Michigan Health & Retirement Study, conducted by the U-M Institute for Social Research, has been awarded four grants totaling more than $19 million over the next two years, the National Institute on Aging, part of the National Institutes of Health, announced today.
The awards are part of the American Recovery and Reinvestment Act funds and will supplement the cooperative agreement between NIA and the U-M ISR.
“The Health and Retirement Study
Continue reading: U-M Health & Retirement Study Receives $19 Million in Federal Stimulus Funds
HandyLab, a Long-time Portfolio Company of Country’s First Student-Led Venture Fund, Under Agreement to be acquired by Leading Global Medical Technology Company
ANN ARBOR, Mich., Oct. 23 /PRNewswire/ — The Wolverine Venture Fund, part of the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the Ross School of Business, today announced that BD (Becton, Dickinson and Company) (NYSE: BDX) has signed a definitive agreement to acquire HandyLab Inc. An Ann
Continue reading: University of Michigan Wolverine Venture Fund Continues Track Record of Industry Firsts
ANN ARBOR, Mich.—The Wolverine Venture Fund (WVF), managed by The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan Ross School of Business, announced participation in Direct Flow Medical Inc.’s Series C round of financing.
Direct Flow Medical is an emerging medical device company developing a next-generation, catheter based, percutaneous-delivered prosthetic aortic valve. The company, based in Santa Rosa, California, has raised $40 million of its projected $42.5 million Series
Continue reading: U-M Wolverine Venture Fund invests in Direct Flow Medical
Ann Arbor – The Chamber recently conducted a member-wide survey and 2 roundtable discussions on the proposed Ann Arbor city income tax. Indications at the time were that Ann Arbor City Council would consider whether to place the measure on the November ballot at its August 17th meeting.
Of the approximately 300 Chamber members surveyed, 57 percent indicated that a city income tax would affect their decision to work at a place of employment in Ann
Continue reading: City Income Tax Survey Results
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Ann Arbor, MI