MERCANTILE BANK CORP

Aligned Culture and Shared Values

Both institutions share deep Michigan roots and a commitment to the communities they serve. The organizations are aligned in mission—to deliver financial solutions that empower people—and are guided by shared values: accountability, collaboration, excellence, inclusivity, and innovation. This cultural alignment will help ensure a seamless integration for the Eastern Michigan community.

“We’re not just growing our footprint—we’re gaining a team of skilled professionals who know these communities and share our commitment to service,” said Scott Setlock, Chief Operating Officer of Mercantile Bank. “It’s a partnership built on mutual respect, and we’re excited about the road ahead.”

Eastern team members, including executive leadership and operations, will remain in place and continue operating in their roles in parallel to Mercantile Bank’s current organizational structure. Oldford will serve as Regional Market President, reporting directly to Mercantile Bank President and CEO, Ray Reitsma. Similarly, functional areas such as accounting, operations, and branch management will adopt a coordinated reporting structure designed to maintain continuity and alignment across the combined organization.