Banking & Finance, Construction, and Real Estate

Bank opening suburban branch

September 30, 2019
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Mercantile Bank GR
Courtesy Mercantile Bank of Michigan

A locally based bank is remodeling a building that will serve as its newest branch.

Grand Rapids-based Mercantile Bank of Michigan said it will open a new 4,411-square-foot branch at 4737 Cascade Road SE in Grand Rapids Township on Oct. 28.

“We are excited to provide financial and community services to this growing economic area,” said Raymond Reitsma, president, Mercantile Bank of Michigan.

The bank will offer personal and business banking solutions at the location, including checking and savings accounts and consumer and mortgage loans, according to Mercantile.

Glynis Whitcomb, a “seasoned” banker who has been with Mercantile for three years, will be the branch manager.

She will oversee a “full staff” of personal bankers, and the bank will look to add several mortgage lenders in the future, Mercantile said.

The location formerly housed a retail interior design business, Villa Décor, according to Grand Rapids Township property records.

Mercantile is working with two Grand Rapids-based firms to remodel the space to make it “warm and inviting”: architect Fishbeck, Thompson, Carr & Huber and contractor D&D Building.

The project cost was not disclosed.

Mercantile Bank

Mercantile Bank of Michigan — a subsidiary of Mercantile Bank Corporation (Nasdaq: MBWM) — provides banking services to businesses, individuals and governmental units.

The bank operates 46 banking offices throughout central and West Michigan.

Mercantile had about $3.6 billion in assets as of Sept. 25, 2019.

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