GRAND RAPIDS, Mich., Feb. 1, 2017 /PRNewswire/ -- Mercantile Bank of Michigan ("Mercantile") announced today that the Board of Directors has appointed Michael Davenport, President and CEO of Jireh Metal Products, as a Director on the Mercantile Bank of Michigan Board of Directors, effective immediately.
"Michael Davenport brings a wealth of experience in manufacturing and banking to Mercantile," said Michael Price, Executive Chairman. "His past experiences have given him a background in branch management, mortgage development, regulatory compliance, fair lending and community development. Together with his entrepreneurial skills and merger and acquisition experience, he will bring important perspective and insight to the Board."
Davenport has been President of Jireh Metal Products, Inc. in Grand Rapids since March 2015. Prior to joining Jireh, he held positions relating to community development and risk management at First Financial Bank in Cincinnati from 2012 to 2015. He was Vice President of Mortgage Lending Compliance at Fifth Third Bank from 2011 to 2012, and from 2002 to 2011 he held various positions at US Bank in Cincinnati, Ohio.
About Mercantile Bank of Michigan
Based in Grand Rapids, Michigan, Mercantile provides banking services to businesses, individuals and governmental units, and differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has assets of approximately $3.0 billion and operates 48 banking offices serving communities in central and western Michigan.
This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and nontraditional competitors; changes in banking regulation or actions by bank regulators; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in local real estate values; changes in the national and local economies; and other factors, including risk factors, disclosed from time to time in filings made by Mercantile with the Securities and Exchange Commission. Mercantile undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Mercantile Bank of Michigan