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Average Mercantile Bank of Michigan salary in Grand Rapids, MI

$41,517yearly

$19.96 hourly rate

Entry-level Mercantile Bank of Michigan salary in Grand Rapids
$19,000 yearly
Updated April 5, 2024

How much does Mercantile Bank of Michigan pay in Grand Rapids, MI?

The average Mercantile Bank of Michigan salary in Grand Rapids, MI is $41,517. Mercantile Bank of Michigan salaries range between $19,000 to $86,000 per year in Grand Rapids. Mercantile Bank of Michigan Grand Rapids based pay is higher than Mercantile Bank of Michigan's United States average salary of $42,348. The best-paying job in Grand Rapids at Mercantile Bank of Michigan is human resources vice president, which pays an average of $154,812 annually.

Mercantile Bank of Michigan employees in Grand Rapids make $1,517 more than the average salary in Grand Rapids, $40,000.

Mercantile Bank of Michigan salaries in Grand Rapids, MI by job title

Mercantile Bank of Michigan’s highest-paying job in Grand Rapids, MI is human resources vice president, with an average salary of $154,812. The second highest is sales vice president, which pays $135,600 annually in Grand Rapids, MI.

Highest paying jobs at Mercantile Bank of Michigan in Grand Rapids, MI

RankJob titleAvarage Mercantile Bank of Michigan salaryHourly pay
1Human Resources Vice President$154,812$74
2Sales Vice President$135,600$65
3Controller, Vice President$130,054$63
4Chief Finance Officer$124,577$60
5Management Accounts Manager$124,544$60
6Treasury Manager$119,764$58
7Manager Finance Planning And Analysis$119,309$57
8Senior Director Human Resources$116,561$56
9Vice President And Portfolio Manager$115,553$56
10Data Specialist$115,343$55

Mercantile Bank of Michigan salaries in Grand Rapids, MI by department

The departments with the highest salaries for Mercantile Bank of Michigan employees in Grand Rapids are IT, Sales, and Finance.

Grand Rapids Mercantile Bank of Michigan employees in the IT department earn an average salary of $65,181 a year, compared to an average salary of $52,672 in the Sales department and $50,831 in the Finance department.

Highest-paying departments at Mercantile Bank of Michigan in Grand Rapids, MI

RankDepartmentAvarage Mercantile Bank of Michigan salaryHourly pay
1IT$65,181$31
2Sales$52,672$25
3Finance$50,831$24
4Accounting$47,487$23
5Human Resources$46,436$22
6Plant/Manufacturing$38,070$18
7Administrative$36,279$17
8Customer Service$32,762$16
9Retail$32,077$15

Mercantile Bank of Michigan’s competitor’s salaries in Grand Rapids, MI

The highest paying Mercantile Bank of Michigan competitor in Grand Rapids, MI is First Federal Savings & Loan. The average salary at First Federal Savings & Loan in Grand Rapids, MI is $154,812. The lowest paying Mercantile Bank of Michigan competitor in Grand Rapids, MI is Carolina Bank Holdings.

Highest-paying Mercantile Bank of Michigan competitors in Grand Rapids, MI

RankCompany nameAvarage pay in Grand Rapids, MIHourly pay
1First Federal Savings & Loan$58,757$28
2NorthStar Bank$57,169$27
3Western Bank$56,587$27
4Security Bank$54,203$26
5Bank of America$54,061$26
6Fifth Third Bank$47,421$23
7Huntington National Bank$46,168$22
8WSFS Bank$44,013$21
9Summit Bank$43,557$21
10Carolina Bank Holdings$42,999$21

Recently added Mercantile Bank of Michigan salaries in Grand Rapids, MI

JobLocationDate addedSalary
Mortgage SpecialistGrand Rapids, MI05/14/2025$37,566
Support SpecialistGrand Rapids, MI05/02/2025$41,740
Support SpecialistGrand Rapids, MI02/16/2025$43,827

Frequently asked questions about Mercantile Bank of Michigan pay in Grand Rapids, MI

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