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Working at Mercantile Bank of Michigan

Zippia score 4.0

Overview

JobsSalaryRevenueLocations

Reviews

HistoryDemographicsCompetitorsCEO & Executives

Mercantile Bank of Michigan overview

Industry
Financial Services
Revenue
$1.4B
Headquarters
Grand Rapids, MI
Employees
420
Founded in
1997
Website
Organization type
Public
CEO
Robert B. Kaminski Jr
Social media
Mercantile Bank founded in South Africa in 1965 and is owned by CGD, the largest bank in Portugal and a global financial services group that has been in existence for more than 140 years. The Group provides niche business and commercial banking that is differentiated through great service underpinned by a deep understanding of the banking needs of the South African entrepreneur. While it operates exclusively within South Africa, Mercantile has reach into other key African markets through its parent company's subsidiaries in Angola and Mozambique. There is an ongoing focus on capturing trade flows between these fast-growing economies.
The staff at Mercantile Bank of Michigan come from unusually diverse demographic backgrounds. The company is 68.0% female and 33.1% ethnic minorities. Mercantile Bank of Michigan employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 53.0% of employees identifying as members of the Republican Party. Despite their political differences, employees at Mercantile Bank of Michigan seem to be happy. The company has great employee retention with staff members usually staying for 4.0 years.The average employee at Mercantile Bank of Michigan makes $42,349 per year. Pay at Mercantile Bank of Michigan is significantly lower than some of its highest paying competitors, like First Federal Savings & Loan, Western Bank, and NorthStar Bank, which pay $59,657, $58,733, and $58,591, respectively.
Based in Grand Rapids, MI, Mercantile Bank of Michigan is a medium-sized finance company with 420 employees and a revenue of $1.4B.

Mercantile Bank of Michigan's mission statement

To provide VALUE in a highly professional and personalized manner.

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4.3/5

Mercantile Bank of Michigan employee reviews

Based on 4 ratings

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Job openings at Mercantile Bank of Michigan
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Mercantile Bank of Michigan employee reviews

Mercantile Bank of Michigan employee reviews
4.3/5

Based on 4 ratings

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Employee reviews
profile
4.0
A zippia user wrote a review on Feb 2020
Pros of working at Mercantile Bank of Michigan

It was a very interesting job. I enjoyed the people.

Mercantile Bank of Michigan benefits

I had a wonderful boss! Worked there until PNC brought bank.

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profile
3.0
A zippia user wrote a review on Jul 2019
Pros of working at Mercantile Bank of Michigan

Good working atmosphere

Cons of working at Mercantile Bank of Michigan

Micromanagement and a little bit disorganized

Mercantile Bank of Michigan benefits

Healthcare, retirement

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The team at Mercantile Bank of Michigan

  • The key people at Mercantile Bank of Michigan is Robert B. Kaminski Jr.
Key people
Robert B. Kaminski Jr

Mercantile Bank of Michigan rankings

Mercantile Bank of Michigan is ranked #76 on the Best Finance companies to work for in Michigan list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Mercantile Bank of Michigan salaries

Average Mercantile Bank of Michigan salary
$42,349
yearly
$20.36 hourly
Updated March 14, 2024

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Mercantile Bank of Michigan diversity

9.6
Diversity score
We calculated Mercantile Bank of Michigan’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Mercantile Bank of Michigan’s workforce.
Mercantile Bank of Michigan diversity summary. Zippia estimates Mercantile Bank of Michigan's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Mercantile Bank of Michigan's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Mercantile Bank of Michigan's workforce.
  • Mercantile Bank of Michigan has 420 employees.
  • 68% of Mercantile Bank of Michigan employees are women, while 32% are men.
  • The most common ethnicity at Mercantile Bank of Michigan is White (67%).
  • 11% of Mercantile Bank of Michigan employees are Black or African American.
  • 11% of Mercantile Bank of Michigan employees are Hispanic or Latino.
  • The average employee at Mercantile Bank of Michigan makes $42,349 per year.
  • Mercantile Bank of Michigan employees are most likely to be members of the republican party.
  • Employees at Mercantile Bank of Michigan stay with the company for 4.0 years on average.

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Mercantile Bank of Michigan office locations

Mercantile Bank of Michigan is headquartered in Grand Rapids, MI

Biggest Mercantile Bank of Michigan locations

RankCityJob countAvg. salary
1Grand Rapids, MI8$41,517
2Lansing, MI6$41,832
3Wyoming, MI5$41,517

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Mercantile Bank Internship Experience 2016

Mercantile Bank of Michigan financial performance

9.3
Performance score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Mercantile Bank of Michigan currently has 1.4B in revenue. Mercantile Bank of Michigan's most recent quarter produced 255.8m (q1'2024).

Highest paying Mercantile Bank of Michigan competitors

Compare Mercantile Bank of Michigan salaries to competitors, including First Federal Savings & Loan, Western Bank, and NorthStar Bank. Employees at First Federal Savings & Loan earn the highest average yearly salary of $59,657. The salaries at Western Bank average $58,733 per year, and the salaries at NorthStar Bank come in at $58,591 per year.
RankCompanyAverage salaryJobs
1$59,6570
2$58,7330
3$58,5910
4$54,3180
5$53,2110
6$48,0330
7$45,4170
8$45,3470
9$42,8840
10$42,4900
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    Updated March 14, 2024

    Zippia gives an in-depth look into the details of Mercantile Bank of Michigan, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Mercantile Bank of Michigan. The employee data is based on information from people who have self-reported their past or current employments at Mercantile Bank of Michigan. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Mercantile Bank of Michigan. The data presented on this page does not represent the view of Mercantile Bank of Michigan and its employees or that of Zippia.

    Mercantile Bank of Michigan may also be known as or be related to MERCANTILE BANK CORP, Mercantile Bank, Mercantile Bank Corporation, Mercantile Bank Holdings Ltd. and Mercantile Bank of Michigan.