Banking & Finance, Education, and Human Resources

Bank and university partner on scholarship for employees

August 26, 2019
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DavenportCAEL
Grand Rapids-based Davenport University serves about 7,500 students on campuses across the state and online, with more than 60 undergraduate and graduate programs. Courtesy Davenport University

A university and bank have developed a partnership to offer scholarships to employees.

Davenport University has entered into a partnership with Mercantile Bank of Michigan to offer an educational scholarship to the bank’s employees and their dependents.

Mercantile Bank employees and dependents may use their scholarship to offset the costs of degree programs or professional development courses offered at Davenport.

The university said it is working with Mercantile Bank to ensure their employees understand the program and take advantage of the opportunity. They are hosting regular meetings to encourage participation.

“Davenport is creating an effective pathway to help employers address Michigan’s growing talent gap by creating educational opportunities for their existing workforce,” said Davenport President Richard Pappas.

“With this program and the partnership we have created with Mercantile Bank, we are able to make it easier for their employees and customers to take the first step toward an advanced education and a successful career.”

Mercantile Bank joins DTE, Biggby and Emergent Holdings as employers investing in similar programs.

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