Ludington, Mich. – West Shore Bank is pleased to announce a significant expansion of its wealth management services with the acquisition of Ellis Capital Management of Grand Rapids and Muskegon.
Based in Ludington, West Shore Bank currently offers wealth advisory services through its seven-branch network, which spans from Oceana County to Benzie County. The acquisition of Ellis Capital Management will extend West Shore Bank’s wealth management services even farther south, encompassing the population centers of Kent, Ottawa and Muskegon counties.
“Ellis Capital Management has a longstanding reputation for client-centered service delivered with uncompromising integrity,” said Raymond A. Biggs, President and CEO of West Shore Bank. “Their approach to business complements the West Shore Bank brand. It’s an honor to combine our strengths under the same name.”
Ellis Capital Management was founded by David K. Ellis in 1997 to deliver wealth management services to West Michigan families, businesses and nonprofit organizations. Following the acquisition, Ellis and his team will join the West Shore Bank – Wealth Management group. Ellis will join as Senior Vice President, primarily responsible for growing the Grand Rapids and Muskegon regions. The two Ellis Capital Management offices in Grand Rapids and Muskegon will be rebranded with the West Shore Bank – Wealth Management name.
“We’ve always coached clients to take the long view, looking beyond investment strategy to consider advanced planning,” Ellis said. “It is also the cornerstone of West Shore Bank’s wealth management philosophy.”
West Shore Bank – Wealth Management provides a variety of investment, trust and insurance services to help clients grow, protect and pass on their wealth. The group guides clients through every stage of life, whether just starting out, building net worth, or making decisions about substantial assets.
“Ellis Capital shares our resolve to provide peace of mind through advanced planning,” said Brian D. Moore, Senior Vice President – Wealth Management of West Shore Bank. “Our approach encompasses prudent asset management, safeguarding net worth, tax mitigation, charitable giving, leaving a legacy—a lifetime of guidance regarding financial matters.”
The West Shore Bank – Wealth Management team looks forward to delivering its longstanding client-focused approach and long-term wealth management planning expertise to an expanded West Michigan geography.
West Shore Bank was advised by the law firm of Warner Norcross & Judd LLP. Ellis Capital Management was advised by the law firm of Parmenter O’Toole, PC.
Ludington-based West Shore Bank is a locally owned and managed community bank with seven branch offices in Frankfort, Hart, Ludington, Manistee and Scottville, as well as a loan office in Muskegon. West Shore Bank – Wealth Management provides investment, insurance and trust services to help West Michigan clients grow, protect and pass on their wealth.