These 90 banks and 20 credit unions all carry a construction and development book large enough to show real activity in this market, and all have a presence in Michigan. Construction lending is a transaction type rather than a property type: the loan funds in draws against work completed, prices off a floating index, and runs for the build period rather than a decade. Most construction loans are short-term and are expected to convert to permanent financing or refinance once the building is finished and leased, so the lender you choose for the build is often not the lender you end up with. Banks dominate this market because draw administration and inspections need a servicing operation; the capital guide compares the alternatives.
Banks Based in Michigan, Largest Construction Books First
25 of 64 qualifying banks are headquartered in Michigan. These are the lenders whose whole business is this market, and the ones most likely to look at a smaller build.
| # | Institution | Construction book | Share of investor CRE | Branches in MI | Contact |
|---|---|---|---|---|---|
| 1 | Mercantile Bank of Michigan | $407m | 23.3% | 41 | Contact available |
| 2 | Independent Bank (Grand Rapids, MI) | $249m | 24.0% | 59 | Contact available |
| 3 | The Dart Bank | $137m | 60.5% | 4 | Contact available |
| 4 | Isabella Bank | $133m | 31.6% | 32 | Contact available |
| 5 | Northpointe Bank | $121m | 99.9% | 1 | Contact available |
| 6 | Bank of Ann Arbor | $120m | 12.0% | 18 | Contact available |
| 7 | County National Bank | $102m | 42.2% | 15 | Contact available |
| 8 | ChoiceOne Bank | $102m | 9.2% | 50 | Contact available |
| 9 | Macatawa Bank | $80m | 16.9% | 28 | Contact available |
| 10 | First State Bank (St. Clair Shores, MI) | $64m | 23.0% | 11 | Contact available |
| 11 | West Michigan Community Bank | $61m | 18.1% | 8 | Contact available |
| 12 | United Bank of Michigan | $57m | 11.0% | 13 | Contact available |
| 13 | Sturgis Bank & Trust Company | $49m | 61.8% | 17 | Contact available |
| 14 | Superior National Bank | $47m | 27.3% | 10 | Contact available |
| 15 | First National Bank of Michigan | $46m | 9.3% | 7 | Contact available |
| 16 | West Shore Bank | $46m | 31.0% | 9 | Contact available |
| 17 | Oxford Bank | $41m | 25.4% | 9 | Contact available |
| 18 | Southern Michigan Bank & Trust | $41m | 6.8% | 21 | Contact available |
| 19 | Northstar Bank | $39m | 12.6% | 11 | — |
| 20 | Range Bank | $38m | 29.4% | 8 | Contact available |
| 21 | Citizens State Bank | $37m | 26.1% | 3 | Contact available |
| 22 | Thumb Bank and Trust | $32m | 27.0% | 13 | Contact available |
| 23 | Tri-County Bank | $32m | 23.8% | 12 | Contact available |
| 24 | Honor Bank | $29m | 20.9% | 9 | Contact available |
| 25 | State Savings Bank | $25m | 35.1% | 9 | Contact available |
National Lenders With Branches in Michigan
25 of 26 qualifying banks are headquartered elsewhere but have offices here. The construction figure is their national book, so read it alongside the branch count — a large book behind a handful of local offices is a different proposition from a bank with a branch network in the state.
| # | Institution | Construction book | Share of investor CRE | Branches in MI | Contact |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | $18.79bn | 11.4% | 171 | Contact available |
| 2 | Wells Fargo | $12.46bn | 12.0% | 1 | Contact available |
| 3 | Bank of America | $9.68bn | 17.5% | 72 | Contact available |
| 4 | Fifth Third Bank | $7.97bn | 36.9% | 302 | Contact available |
| 5 | Huntington National Bank | $5.32bn | 21.6% | 447 | Contact available |
| 6 | PNC Real Estate | $5.26bn | 14.3% | 124 | Contact available |
| 7 | Citizens Bank | $4.75bn | 20.7% | 65 | Contact available |
| 8 | KeyBank | $2.90bn | 20.5% | 19 | Contact available |
| 9 | Old National Bank | $2.45bn | 14.3% | 20 | Contact available |
| 10 | CIBC Bank USA | $2.12bn | 15.2% | 1 | Contact available |
| 11 | WesBanco Bank | $1.69bn | 21.9% | 5 | Contact available |
| 12 | Flagstar Bank | $1.37bn | 4.2% | 101 | Contact available |
| 13 | First Merchants Bank | $881m | 21.2% | 34 | Contact available |
| 14 | Nicolet National Bank | $732m | 22.7% | 15 | Contact available |
| 15 | The Northern Trust Company | $713m | 13.2% | 2 | Contact available |
| 16 | First Financial Bank (OH) | $674m | 17.3% | 1 | Contact available |
| 17 | 1st Source Bank | $410m | 53.3% | 8 | Contact available |
| 18 | First National Bank of America | $242m | 65.5% | 3 | Contact available |
| 19 | Horizon Bank (Michigan City, IN) | $229m | 13.5% | 29 | Contact available |
| 20 | The Farmers & Merchants State Bank | $107m | 13.1% | 2 | Contact available |
| 21 | Incredible Bank | $65m | 17.5% | 6 | Contact available |
| 22 | Waterford Bank | $46m | 9.2% | 2 | Contact available |
| 23 | Farmers State Bank | $43m | 41.5% | 1 | Contact available |
| 24 | Liberty Bank & Trust | $35m | 17.0% | 1 | Contact available |
| 25 | The Stephenson National Bank and Trust | $25m | 15.6% | 1 | Contact available |
Credit Unions Lending on Construction in Michigan
Showing 20 of 20 qualifying credit unions, largest construction books first — those based in Michigan are tagged HQ, and the rest lend in from elsewhere. They are listed separately from the banks above for two reasons a borrower needs to know: you must be eligible for membership before you can borrow, and credit unions are capped by regulation on how much they may lend to any one borrower. That cap is the last column — it is usually the figure that decides whether a deal fits at all, and it is often well above what they currently hold. Their figures come from NCUA call reports rather than FDIC ones.
| # | Credit union | Construction book | Share of member CRE | Max loan to one borrower | Contact |
|---|---|---|---|---|---|
| 1 | Lake Michigan Credit Union | $278m | 14.0% | $292m | Contact available |
| 2 | Everwise CU | $164m | 11.2% | $79m | Contact available |
| 3 | CommunityAmerica Credit Union | $128m | 10.4% | $134m | Contact available |
| 4 | Covantage Credit Union | $99m | 12.4% | $62m | Contact available |
| 5 | DFCU Financial Credit Union | $92m | 9.1% | $152m | Contact available |
| 6 | Wings Credit Union | $89m | 3.9% | $344m | Contact available |
| 7 | Genisys Credit Union | $83m | 13.9% | $152m | Contact available |
| 8 | Dort Financial Credit Union | $72m | 13.8% | $38m | Contact available |
| 9 | Michigan State University Federal Credit Union | $69m | 7.4% | $119m | Contact available |
| 10 | Consumers Credit Union | $46m | 17.8% | $41m | Contact available |
| 11 | Orsa Credit Union | $40m | 25.8% | $22m | Contact available |
| 12 | United Federal Credit Union | $25m | 7.0% | $79m | Contact available |
| 13 | Advia Credit Union | $25m | 3.7% | $59m | Contact available |
| 14 | Embers Credit Union | $23m | 15.3% | $11m | Contact available |
| 15 | Financial Plus Credit Union | $19m | 6.9% | $29m | Contact available |
| 16 | Lake Trust Credit Union | $16m | 3.5% | $47m | Contact available |
| 17 | Notre Dame Federal Credit Union | $16m | 4.9% | $23m | Contact available |
| 18 | Michigan Schools and Government Credit Union | $13m | 5.1% | $84m | Contact available |
| 19 | Frankenmuth Credit Union | $13m | 7.8% | $24m | Contact available |
| 20 | Community Choice Credit Union | $12m | 3.0% | $30m | Contact available |
What this list is, and what it leaves out
A construction book is not a credit box. Every institution here held construction and development loans on 30 June 2026 at 2% or more of its commercial real estate book. That is evidence they lend on construction, and better evidence than a marketing page because it is what they actually hold — but it is not a commitment to fund your project, at your size, in your submarket. Construction underwriting also turns on things this page cannot see: your track record as a sponsor, the general contractor, and whether the project is pre-leased.
More lenders exist than this page lists. 90 banks and 20 credit unions qualified in Michigan. Debt funds and bridge lenders finance a great deal of construction and file no call report at all, and plenty of banks lend on construction without publishing criteria anywhere. Running your deal through the search covers all of them, not just the institutions on this page.
We hold a named lending contact for 108 of them.
Sources. FDIC Call Reports (30 June 2026), the FDIC Summary of Deposits, and NCUA call reports for the same quarter. An institution appears here if its construction and development balance is 2% or more of its commercial real estate book and at least $250,000, and it has a presence in Michigan. The test is deliberately a share, not a dollar floor. A dollar floor is a bank-size filter in disguise: applied to construction, a $5m floor passes 35.7% of banks under $300m against 85.7% of banks between $300m and $1bn, because construction balances at community banks are genuinely smaller — the median bank under $300m reports $2.6m. A share test cannot sort by size, and the $250,000 minimum exists only to exclude rounding noise; it removes eight banks nationally. Construction and development is the call report's own category and covers loans secured by land under development and by structures being built, including the construction phase of projects that become apartments, retail or industrial on completion. Construction book is institution-level and unprorated: no state split of the loan book is published, so an institution lending in several states shows its full construction book on every state page where it qualifies. That is why this page separates banks based in Michigan from national banks with offices here, rather than ranking them against each other on a national figure. The credit union table is a single list in balance order, with in-state charters tagged, because there are far fewer of them and splitting would leave tables of one or two rows. Branch counts are offices in Michigan from the Summary of Deposits; NCUA publishes no equivalent branch file, so the credit union table carries no branch column rather than an invented one. Credit unions are held to a different test: a construction book of $10m or more, and no share test at all. The share test was dropped because a low share on a large book is not an absence of construction lending — at a 10% threshold it would have excluded credit unions holding $85m, $66m and $37m of construction. Share and the single-borrower ceiling are both reported as columns instead, so a reader can judge focus and capacity directly. Max loan to one borrower is the NCUA member business lending ceiling, set at 15% of net worth; it is reported rather than filtered on, because filtering on it would sort purely by institution size. Contact availability refers to whether Lender Compass holds a named contact, not to anything the institution publishes.