Finance: Banking 20 GRAND RAPIDS BUSINESS JOURNAL MAY 18, 2015
Top Area Banks
(RANKED BY 2014 COMMERCIAL LOAN PORTFOLIO)
New app
Top Executive(s)
Year Established In W. Mich.
No. Of W. Mich. Employees
No. Of W. Mich. Locations
2014 Commercial Loan Portfolio
Commercial Loans As Percentage Of All Loans
Commercial Deposits
Retail Loan Portfolio
Retail Deposits
Tom Welch
1853
1,652
55
$2.77B
53%
$3.50B
$2.28B
$5.41B
1
Fifth Third Bank (Western Michigan) 111 Lyon St. NW Grand Rapids 49503 p (616) 653-5029 53.com
2
Mercantile Bank of Michigan 310 Leonard St. NW Grand Rapids 49504 p (616) 406-3000 f 726-1500 mercbank.com
Michael Price Robert Kaminski
1997
262
6
$1.72B
82%
DND
$374.00M
DND
3
Wells Fargo Bank 146 Monroe Center NW Grand Rapids 49503 p (616) 458-6000 f 458-4722 wellsfargo.com
Donald VanDine
1989
DND
14
$1.48B
100%
$205,000
DND
DND
4
Chemical Bank 2445 84th St. SW Byron Center 49315 p (616) 588-3800 chemicalbankmi.com
Joel Rahn David Quade Chris Rushton Mark Johnson
1998
450
34
$1.26B
68%
$610.38M
$579.00M
$406.92M
5
Macatawa Bank 10753 Macatawa Drive Holland 49424 p (616) 820-1444 f 396-7369 macatawabank.com
Ronald Haan
1997
397
27
$818.21M
73%
$673.99M
$300.28M
$632.33M
6
Independent Bank 4200 East Beltline Ave. NE Grand Rapids 49525 p (616) 363-2141 f 363-1207 independentbank.com
William Kessel
1864
179
12
$709.20M
23%
$635.24M
$2.35B
$1.20B
7
United Bank 900 East Paris Ave. SE Grand Rapids 49546 p (616) 559-7000 f 559-4631 unitedbankofmichigan.com
Arthur Johnson
1887
152
11
$323.03M
80%
$118.65M
$81.26M
$260.33M
8
First National Bank of Michigan 141 Ionia Ave. NW Grand Rapids 49503 p (616) 242-6500 f 242-7708 fnbmichigan.com
Larry Lueth Jefra Groendyk
2006
55
4
$237.00M
86%
$261.00M
$37.64M
$92.00M
9
First Community Bank 60 Monroe Center NW Grand Rapids 49503 p (616) 454-8447 f 454-8678 firstcb.com
Bradley Henion
1996
10
1
$215.00M
DND
$180.00M
$30.00M
DND
10
West Michigan Community Bank 5367 School Ave. Hudsonville 49426 p (616) 669-1280 f 669-7944 wmcb.com
Philip Koning Jeffrey Berens
1976
72
5
$165.00M
84%
$140.33M
$31.09M
$78.95M
11
Community Shores Bank 1030 W. Norton Ave. Muskegon 49441 p (231) 780-1800 f 780-1860 communityshores.com
Heather Brolick John Clark Tracey Welsh
1999
78
4
$107.40M
83%
$57.30M
$22.60M
$112.80M
12
Grand River Bank 4471 Wilson Ave. SW Grandville 49418 p (616) 929-1600 f 929-1610 grandriverbank.com
Mark Martis Marcia Borowka Elizabeth Bracken Patrick Gill David Blossey
2009
31
1
$103.46M
91%
$58.47M
$10.69M
$51.95M
*Huntington Bank 50 Monroe Ave. NW Grand Rapids 49503 p (616) 235-8824 f 235-6470 huntington.com
John Irwin
1997
1,106
63
DND
51%
DND
DND
DND
ChoiceOne Bank 109 E. Division Ave. Sparta 49345 p (616) 887-7366 f 887-7990 choiceone.com
Jim Bosserd
1898
155
12
DND
DND
DND
DND
DND
Flagstar Bank 3205 28th St. SE Grand Rapids 49512 p (616) 464-2369 flagstar.com
Laura Priest
1997
73
15
DND
DND
DND
DND
DND
Richard Haslinger
1918
DND
DND
DND
DND
DND
DND
DND
Bob Jones
2015
DND
14
DND
DND
DND
DND
DND
JPMorgan Chase 200 Ottawa Ave. NW Grand Rapids 49503 p (616) 771-7215 f 771-4400 jpmorganchase.com Old National Bank 5200 Cascade Road SE Grand Rapids 49546 p (616) 228-6000 oldnational.com
The Grand Rapids Business Journal list of top area banks, ranked by 2014 commercial loan portfolio, is the most comprehensive available. The list is based on responses to Business Journal surveys. The Business Journal defines "West Michigan" as Allegan, Kent, Ottawa and Muskegon counties. The Business Journal surveyed 27 banks; 17 returned surveys and 17 are listed. *Bank could not provide W. Michigan numbers. To be considered for future lists, e-mail pevans@geminipub.com. DND = Did not disclose
Fifth Third Bank recently launched a new mobile app that promises to allow for quicker banking on the go, including mobile deposits and bill pay, and text banking.
Shred days
Throughout the year, Mercantile Bank of Michigan is offering free shredding services at its branches across the state.
Green building
Wells Fargo was recognized as a “green� building leader among financial institutions last month by U.S. Green Building Council.
New lenders
This spring, Macatawa Bank added three new mortgage lenders: Linda VanDam, Scott Sharda and Joel Norkus.
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