GRAND RAPIDS, Mich.,
Aug. 27, 2020 /PRNewswire/ --
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"),
announced today the appointments of David
B. Ramaker, former Chairman, President and Chief Executive
Officer of Chemical Bank, and Michael S.
Davenport, President and Chief Executive Officer of Jireh
Metal Products, to Mercantile's Board of Directors. Mercantile also
announced the appointment of David B.
Ramaker and Shoran Reid
Williams, Senior Counsel for Miller
Johnson, to the Board of Mercantile Bank, Mercantile's
wholly owned subsidiary. All appointments are effective
immediately.
"The additions of David, Michael and Shoran bring valuable
industry and business expertise, and we are pleased to add their
strong and diverse capabilities to our Boards," said Robert B. Kaminski, Jr., Chief Executive Officer
of Mercantile. "Each of these individuals is a well-respected
leader with acclaimed success across their respective fields and
communities, and we are confident that their leadership and
experience will add significant value to the Board's guidance,
which frames our organization's strategic pursuits and goals for
sustainability. We are continually committed to attracting talented
and experienced individuals who provide additional perspective and
diverse backgrounds as we work to create value for our
shareholders."
Mr. Ramaker most recently served as President and Chief
Executive Officer of Chemical Financial Corporation, as the company
grew from approximately $3 billion to
$18 billion in total assets, through
both strategic acquisitions and organic growth. He joined Chemical
Bank in 1989 as Vice President of Commercial lending and served as
President and Chief Executive Officer of Chemical Financial
Corporation from 2001 through June of 2017. Prior, he held a
variety of banking positions with financial institutions in
Texas from 1977 through 1989. Mr.
Ramaker holds a bachelor's degree with a major in finance and minor
in accounting from Southern Methodist
University. He is currently President of the Michigan
Baseball Foundation, which owns a minor league baseball stadium and
team, with an overarching mission to act as an economic catalyst
for the Midland, Michigan,
community, where he is also active with a number of nonprofit and
charitable organizations. Mr. Ramaker will serve as a member of the
Audit Committee, Compensation Committee, and Governance and
Nominating Committee for both the Mercantile and Bank Boards. He
will stand for Board election at the Mercantile annual meeting of
shareholders in May 2021.
Mr. Davenport has served as President and Chief Executive
Officer of Jireh Metal Products since 2015. Prior to that, he held
a variety of positions at major financial institutions, including
US Bank, Fifth Third Bank and First Financial Bank. Overall, his
background includes over 13 years in the banking industry, holding
positions in sales, risk management and community development. Mr.
Davenport earned a Bachelor of Science degree in psychology from
Xavier University and a Juris Doctor
degree from the University of
Cincinnati. He has been a member of Mercantile Bank's Board
since 2017, where he will also continue to serve. As a member of
Mercantile's Board, he will be appointed to the Audit Committee,
Compensation Committee, and Governance and Nominating Committee.
Mr. Davenport will also stand for election at the Mercantile annual
meeting of shareholders in May
2021.
Ms. Williams currently serves as Senior Counsel for Miller
Johnson Attorneys, a law firm with offices in Grand Rapids and Kalamazoo. She has practiced litigation for
more than 26 years and is licensed to practice in Michigan and Georgia. Ms. Williams' litigation practice
experience includes the areas of administrative law, civil
litigation, appellate law, personal injury and family law, and she
also served as an adjunct professor at Florida Coastal School of
Law for several years. Currently, Ms. Williams is a member of the
Advisory Board for the Womens' Resource Center, as well as a member
of the women's alliance, Inforum Michigan. She holds a Bachelor of
Public Administration degree from Miami
University and a Juris Doctor degree from The Ohio State University. As a member of Mercantile
Bank's Board of Directors, she will serve on the Bank's Governance
and Nominating Committee as well as the Information Systems
Steering Committee.
About Mercantile Bank Corporation
Based in Grand Rapids, Michigan,
Mercantile Bank Corporation is the bank holding company for
Mercantile Bank of 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 $4.3 billion and
operates 40 banking offices. Mercantile Bank Corporation's
common stock is listed on the NASDAQ Global Select Market under the
symbol "MBWM."
Forward-Looking Statements
This news release contains comments or information that may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any such
comments 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, including the significant disruption to financial market
and other economic activity caused by the outbreak of COVID-19; 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.
FOR FURTHER
INFORMATION:
|
|
|
Robert B. Kaminski,
Jr.
|
Charles
Christmas
|
Chief Executive
Officer
|
Executive Vice
President and CFO
|
616-726-1502
|
616-726-1202
|
rkaminski@mercbank.com
|
cchristmas@mercbank.com
|
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SOURCE Mercantile Bank Corporation