Michigan

Mackinac Financial in Manistique, Mich., has promoted an executive from its bank to become its next chief financial officer.

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.

ChoiceOne Financial Services in Sparta, Mich., will begin work on remodeling its bank's headquarters in May.

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.

KALSEE Credit Union, a $169-million institution based in Kalamazoo, Mich., announced that after an "exhaustive search," its board selected Matthew L. Lahman as its new president and CEO.

Saginaw Medical Federal Credit Union in Saginaw, Mich., has named Laura Crase its president and chief executive officer. She had been the credit union's chief lending officer.

Horizon Bancorp in Michigan City, Ind., has agreed to buy LaPorte Bancorp in LaPorte, Ind.

Huntington Bancshares plans to close more than 100 branches in Ohio, Illinois, Michigan, Pennsylvania and Wisconsin after it completes its acquisition of FirstMerit.

United Federal Credit Union's deal to merge with Lake Michigan Credit Union fell through, but it has acquired an executive from its larger rival.

County Bank, the holding company for the $324 million-asset Lapeer County Bank & Trust, said in a press release that it will pay $20 million, or $27 a share, in stock for the parent of the $245 million-asset CSB Bank.

Advia Credit Union in Parchment, Mich., has agreed to buy Mid America Bank in Janesville, Wis. The $1.2 billion-asset Advia did not say what it will pay for the $84 million-asset Mid America.