Mercantile Bank is a bank based in Grand Rapids, Michigan, established in 1997, with $6.4 billion in total assets across 41 branches. By Trust Grade it ranks 13th of 73 banks we track in Michigan. Its capital ratio of 11.4% is stronger than 70% of similarly sized banks, versus a Michigan median of 9.6%. It was profitable over the most recent period, with a 1.51% return on assets. No consumer complaints against Mercantile Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Mercantile Bank compares to Michigan peers
How we graded Mercantile Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.4% capital ratio)
- Strongly profitable (ROA 1.51%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Mercantile Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (41)
- 258 W Wright Ave, Shepherd, MI 48883
- 1925 E Remus Rd, Mount Pleasant, MI 48858
- 9002 E Howard City Edmore Rd, Vestaburg, MI 48891
- 230 Woodworth Ave, Alma, MI 48801
- 4699 E Pickard St, Mount Pleasant, MI 48858
- 7300 N Alger Rd, Alma, MI 48801
- 219 E Center St, Ithaca, MI 48847
- 1979 E Miller Rd, Fairview, MI 48621
- 9531 N Greenville Rd, Lakeview, MI 48850
- 830 W Shaw St, Howard City, MI 49329
- 201 W Wheatland Ave, Remus, MI 49340
- 202 N Dexter St, Ionia, MI 48846
- 2600 South State Road, Berlin Township, MI 48846
- 9344 West Belding Road, Otisco Township, MI 48809
- 2601 W Main St, Lowell, MI 49331
- 2087 S M 76, West Branch, MI 48661
- 505 Bennett St, Rose City, MI 48654
- 1990 N Saint Helen Rd, Saint Helen, MI 48656
- 601 W Houghton Ave, West Branch, MI 48661
- 102 Pine St, St. Charles, MI 48655
- 806 N Mcewan St, Clare, MI 48617
- 4613 Alpine Ave Nw, Comstock Park, MI 49321
- 5610 Byron Center Ave Sw, Wyoming, MI 49519
- 3156 Knapp St Ne, Grand Rapids, MI 49525
- 310 Leonard St Nw, Grand Rapids, MI 49504
- 114 W Pine St, Cadillac, MI 49601
- 900 E Michigan Ave, Paw Paw, MI 49079
- 1065 Superior Dr, Saint Johns, MI 48879
- 8851 E 34 Rd, Cadillac, MI 49601
- 811 S Drake Rd, Kalamazoo, MI 49009
- 211 E Water St, Kalamazoo, MI 49007
- 1700 W Big Beaver Rd, Troy, MI 48084
- 2301 W Centre Ave, Portage, MI 49024
- 310 Leonard St Nw, Grand Rapids, MI 49504
- 4737 Cascade Rd Se, Grand Rapids, MI 49546
- 170 College Ave, Holland, MI 49423
- 430 E Mitchell St, Petosky, MI 49770
- 3001 Coolidge Rd, East Lansing, MI 48823
- 109 E Main St, Midland, MI 48640
- 125 S Park St, Traverse City, MI 49684
Are deposits at Mercantile Bank insured?
Yes. Mercantile Bank is an FDIC-insured bank (FDIC certificate #34598). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Mercantile Bank: frequently asked questions
Is Mercantile Bank a good bank?
Mercantile Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (11.4% capital ratio); Strongly profitable (ROA 1.51%).
Is Mercantile Bank FDIC-insured?
Yes. Mercantile Bank is a FDIC-insured bank (FDIC certificate #34598). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Mercantile Bank?
Mercantile Bank holds $6.4 billion in total assets, ranking 13th of 73 banks we track in Michigan. It operates 41 branches.
Does Mercantile Bank have CFPB complaints?
No CFPB complaints against Mercantile Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
