About the Commercial Banking in Michigan Market Research Report
What’s Included in the Commercial Banking in Michigan Market Research Report
Definition of the Commercial Banking in Michigan?
The Commercial Banking industry comprises banks that provide financial services to retail and business clients in the form of commercial, industrial and consumer loans. Banks accept deposits from customers, which are used as sources of funding for loans. Banks in this industry are regulated by the Office of the Comptroller of the Currency.
What’s included in the Commercial Banking in Michigan?
The Commercial Banking in Michigan includes receiving deposits from customers and issuing consumer, commercial and industrial loans. Related terms covered in the Commercial Banking in Michigan industry report includes an amount set aside as an allowance for bad debts; debts in which the customer defaults or in which the terms of the loan need to be renegotiated, a deliberate reduction in the value of an asset to reflect its current market value, a type of security that entitles the holder to purchase stock in the issuing company at a specified price, a type of mortgage made out to borrowers with lower credit ratings. lending institutions often charge higher interest on subprime mortgages to compensate themselves for carrying more risk, when a customer fails to pay back money received through a loan to the bank and also known as millennials, the demographic of americans generally aged 25 to 40.
Industry Performance of the Commercial Banking industry in Michigan
Benchmark the Commercial Banking in Michigan industry performance with all MI county and national performance.
Commercial Banking in Michigan
#14 in Highest Revenue 1.8% of state's GDPRevenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)
Commercial Banking in the US
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)
For the full list of industry drivers, see report purchase options.
Key Drivers of the Commercial Banking industry in Michigan
See how key industry drivers, such as are impacting Commercial Banking in Michigan
Michigan Economic Indicators
Population
Unemployment Rate
View more economic information in MI State Economic profile
US Key External Drivers
Prime rate
Aggregate household debt
Corporate profit
For the full list of industry drivers, see report purchase options.
County Data of the Commercial Banking industry in Michigan
Access proprietary data on county in the Commercial Banking in Michigan, such as Wayne County, Oakland County and Kent County. Data includes figures on revenue, establishments, employees and wages by counties.
Key Statistics of the Commercial Banking industry in Michigan
Download 18 years of historical data and 5 years of projected performance.
