Michigan

Mackinac Financial in Manistique, Mich., has agreed to buy Niagara Bancorp. in Niagara, Wis.

Ally Financial reported strong loan and deposit growth in the first quarter, but a shift in the makeup of its automobile loan portfolio forced the Detroit company to nearly double its loan-loss provision from a year earlier.

For years, banks in the Midwest looked beyond the region to increase revenue and profit. Today, the area is starting to bounce back, allowing many of those banks to thrive by focusing on their core markets.

University Bancorp in Michigan says the main goal of its recent debt offering was to raise capital, but it also was designed to comply with Sharia and other religious standards that guard against usury.

Ally Financial has blasted a proxy advisory firm for its recommendation that shareholders vote against the re-election of four of the Detroit company's directors.

West Shore Bank Corp. in Ludington, Mich., has agreed to buy West Michigan Bank & Trust in Frankfort.

Huntington Bancshares has partnered with the owner of the NBA's Detroit Pistons to provide $25 million in financial support in Flint, Mich., in response to the city's drinking water crisis.

Troubled Clarkston Brandon Community CU, Clarkston, Mich., has been merged with Michigan State University Federal Credit Union, East Lansing, Mich.

ChoiceOne Financial Services in Sparta, Mich., has given its president, Kelly Potes, the job of chief executive, too.

Fentura Financial in Fenton, Mich., has agreed to buy Community Bancorp in St. Charles, Mich.