Mercantile Bank
Headquartered in Grand Rapids, MI. Part of Mercantile Bank Corporation. FDIC certificate #34598 · Federal Reserve RSSD 2608754.
Total assets
$6.2B
Deposits
$4.9B
Q2 2026
Active branches
41
Closings since Jan 2020
11
7 openings since Jan 2020
Financial snapshot — Q2 2026
All quarters →Net income (quarter)
$27M
Return on assets
1.61%
Return on equity
13.90%
Noncurrent loan rate
0.10%
Deposits by year (Summary of Deposits)
32019
32020
42021
42022
42023
42024
52025
52026
Values in $ billions, June 30 of each year.
Closings by year
42020
12021
32023
12024
22025
Openings by year
22021
42023
12024
Other network changes since 2020
- 3 branch relocations
- March 1, 2022: legal name changed from “Mercantile Bank of Michigan” to “Mercantile Bank”
Branches by state
Recent closings
- Mercantile Bank — Saginaw, MIbank exits city5444 STATE STREET · closed October 31, 2025
- Mercantile Bank — Big Rapids, MIbank exits city112 N MICHIGAN AVE · closed September 30, 2025
- Mercantile Bank — Canadian Lakes, MIbank exits city10049 BUCHANAN RD · closed April 12, 2024
- 502 W HOUGHTON AVE · closed December 14, 2023
- 2015 S MISSION ST · closed July 20, 2023
- 3737 COOLIDGE RD · closed June 15, 2023
- 880 E 16TH STREET · closed April 29, 2021
- 302 WEST MAIN STREET · closed December 15, 2020
- 311 WOODWORTH AVENUE · closed December 15, 2020
- 506 SOUTH LINCOLN AVENUE · closed October 22, 2020
- Mercantile Bank of Michigan — Hastings, MIbank exits city1500 WEST M-43 HIGHWAY · closed October 21, 2020
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.mercbank.com.