MBWM - Mercantile Bank Corporation
About Mercantile Bank Corporation (https://www.mercbank.com)
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Key Executives
| NAME | TITLE | DOB | SALARY |
|---|---|---|---|
| Raymond E. Reitsma | President, Chief Executive Officer & Director | 1963 | $1,298,700 USD |
| Charles E. Christmas | Executive Vice President, Chief Financial Officer & Treasurer | 1966 | $701,943 USD |
| Mark S. Augustyn | Executive VP & Chief Commercial Banking Officer of the Mercantile Bank | 1968 | $684,544 USD |
| Scott Setlock | Executive Vice President, Chief Operating Officer & Secretary | 1982 | $540,215 USD |
| Brett Hoover | Executive Vice President & Chief Human Resource Officer | 1971 | $440,606 USD |
| David L. Miller | Senior Vice President and Training & Marketing Director of Mercantile Bank | 1966 | – |
| Douglas J. Holtrop | Executive Vice President & Senior Lending Officer of Mercantile Bank | – | – |
| Douglas J. Ouellette | Senior Vice President & Chief Community Banking Officer of Mercantile Bank | 1967 | – |
| Jeff Kaiser | Senior Vice President & Head of Risk Management Department | – | – |
| John R. Schulte | Senior Vice President & Chief Digital Banking Officer of Mercantile Bank | – | – |
| Justin Karl | Executive Vice President & Senior Lending Officer of Mercantile Bank | – | – |
| Sonali D. Allen | Senior Vice President and Chief Compliance & Community Development Officer of Mercantile Bank | – | – |
| Tara Randall | Executive VP & Chief Experience Officer of Mercantile Bank | – | – |
| William G. Oldford Jr. | Regional Market President | 1965 | – |