A judge ordered the seizure of Flanagan's Irish Pub in downtown Grand Rapids after its owners defaulted on a $750,000 business loan, court documents show.

Byline Bank filed paperwork to transfer the Class C and Specially Designated Merchant licenses, according to Crain's Grand Rapids Business. The bank last year said the restaurant and its owners, Benjamin and Martha Penrod, still owed more than $536,000 on the loan.

The Irish pub at 139 Pearl St. near Monroe Avenue first opened in 1981. It was put up for sale in 2024, with the Penrods hoping to find a new owner to continue the pub's legacy. In June of last year, it closed after its liquor license was suspended due to its failure to pay fines of around $1,000.

A judge issued a $536,000 judgement against the business in September. The judge has now ordered the seizure of the business' assets, court documents show.

News 8 reached out to the attorneys of Byline Bank and Flanagan's Irish Pub and did not hear back by the end of the business day Wednesday. The Irish pub's doors have remained locked since June 2025.

The bank in March filed paperwork to transfer its Class C and Specially Designated Merchant licenses, according to Crain's Grand Rapids Business, which first reported the seizure.

Flanagan's Irish Pub has been a longstanding establishment in downtown Grand Rapids, operating for over four decades before the seizure. The pub's closure and subsequent asset seizure marks another significant change for the Pearl Street corridor.