Bank · FDIC insured
Mercantile Bank
A $6.2B bank, the 238th largest of 4,207, headquartered in Grand Rapids, MI, with 39 branches in Michigan. Best rates: CDs 3.95% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. Savings: rates are not published online. Auto loans: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all). Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- CDs843.95%for 3–8 monthsCD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Mercantile Bank
Mercantile Bank was founded by entrepreneurs who believed building strong relationships and communities is accomplished through collaboration and innovation, serving Michigan communities across more than 50 locations.
- Headquarters
- 310 Leonard St Nw, Grand Rapids, MI 49504
- FDIC certificate
- 34598 ↗
Branches
39 branches in Michigan
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Michigan
39 branches
Grand Rapids area · 13
- Mercantile BankMain office310 Leonard St Nw, Grand Rapids, MI 49504Directions
- Southside Branch2600 South State Road, Berlin Township, MI 48846Directions
- Alpine Avenue Branch4613 Alpine Ave Nw, Comstock Park, MI 49321Directions
- Forest Hills4737 Cascade Rd Se, Grand Rapids, MI 49546Directions
- Knapp Street Branch3156 Knapp St Ne, Grand Rapids, MI 49525Directions
- Holland Branch170 College Ave, Holland, MI 49423Directions
- Howard City Branch830 W Shaw St, Howard City, MI 49329Directions
- Dexter Drive-In Branch202 N Dexter St, Ionia, MI 48846Directions
- M-46 Drive-In Branch9531 N Greenville Rd, Lakeview, MI 48850Directions
- Lowell Branch2601 W Main St, Lowell, MI 49331Directions
- Belding Branch9344 West Belding Road, Otisco Township, MI 48809Directions
- Vestaburg Branch9002 E Howard City Edmore Rd, Vestaburg, MI 48891Directions
- Wyoming Branch5610 Byron Center Ave Sw, Wyoming, MI 49519Directions
Alma area · 3
- Alma Drive-Thru Branch230 Woodworth Ave, Alma, MI 48801Directions
- Northtown Branch7300 N Alger Rd, Alma, MI 48801Directions
- Ithaca Branch219 E Center St, Ithaca, MI 48847Directions
Kalamazoo area · 3
- Drake Road Branch811 S Drake Rd, Kalamazoo, MI 49009Directions
- Kalamazoo Branch211 E Water St, Kalamazoo, MI 49007Directions
- Portage Branch2301 W Centre Ave, Portage, MI 49024Directions
Mount Pleasant area · 3
- Pickard Branch4699 E Pickard St, Mount Pleasant, MI 48858Directions
- West M20 Branch1925 E Remus Rd, Mount Pleasant, MI 48858Directions
- Shepherd Branch258 W Wright Ave, Shepherd, MI 48883Directions
Cadillac area · 2
- Cadillac Branch114 W Pine St, Cadillac, MI 49601Directions
- Cadillac North Branch8851 E 34 Rd, Cadillac, MI 49601Directions
Lansing area · 2
- Lansing Branch3001 Coolidge Rd, East Lansing, MI 48823Directions
- St. Johns South Branch1065 Superior Dr, St. Johns, MI 48879Directions
Saginaw area · 2
- Merrill Branch125 W Saginaw St, Merrill, MI 48637Directions
- Saint Charles Branch102 Pine St, St. Charles, MI 48655Directions
Clare area · 1
- Clare Branch806 N Mcewan St, Clare, MI 48617Directions
Fairview area · 1
- Fairview Branch1979 E Miller Rd, Fairview, MI 48621Directions
Midland area · 1
- Midland Branch109 E Main St, Midland, MI 48640Directions
Paw Paw area · 1
- Paw Paw Branch900 E Michigan Ave, Paw Paw, MI 49079Directions
Petoskey area · 1
- Petoskey Branch430 E Mitchell St, Petosky, MI 49770Directions
Big Rapids area · 1
- Remus Branch201 W Wheatland Ave, Remus, MI 49340Directions
Rose City area · 1
- Rose City Branch505 Bennett St, Rose City, MI 48654Directions
St. Helen area · 1
- St. Helen Branch1990 N Saint Helen Rd, St. Helen, MI 48656Directions
Traverse City area · 1
- Traverse City Branch125 S Park St, Traverse City, MI 49684Directions
Detroit area · 1
- Troy Branch1700 W Big Beaver Rd, Troy, MI 48084Directions
West Branch area · 1
- M-76 Branch2087 S M 76, West Branch, MI 48661Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 11.61% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.10% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.61% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $96 | $88 | — |
- CapitalLeverage ratio11.61%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.10%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.61%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$96Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Mercantile Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.