Grand Rapids-based Mercantile Bank Corp. today announced that its banking subsidiary, Mercantile Bank of Michigan, is expanding its operating area to southeast Michigan by opening a commercial loan office in Troy.
“This is a great opportunity for Mercantile to bring our brand of customer-relationship focused banking to a new and growing market,” says Robert Kaminski, CEO of Mercantile Bank. “We are fortunate to have brought Violet Gintsis on board who will lead an experienced banking team to develop commercial relationships in the southeast Michigan market area. Violet and her team bring decades of experience in the greater Detroit market, and we look forward to their success as part of Mercantile. In addition, we are working to expand our commercial lending operations to include a full-service branch at this Troy location in the near future.”
The new Mercantile Bank office will be located at 1700 W. Big Beaver Rd (southwest corner of I-75 and Big Beaver). Gintsis brings over 35 years of commercial banking experience throughout the region to Mercantile Bank.
“The greater Detroit area is a logical extension of Mercantile’s current service area, and we are encouraged by the strength of the region’s economy and business environment,” adds Kaminski. “Starting with our initial team of experienced commercial lenders, we believe we will have the opportunity to grow over time and hire additional staff as we deploy the same kind of strong, relationship-based banking philosophy that has been successful for us in our other markets.”
Founded in 1997, Mercantile Bank has grown to be the third largest Michigan-domiciled bank.