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Raymond E. Reitsma

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About Raymond E. Reitsma

Raymond E. Reitsma is recorded as CEO at Mercantile Bank Corp (MBWM). The newest filing on record that lists Raymond E. Reitsma as CEO at Mercantile Bank Corp (MBWM) is dated April 2, 2026. Mercantile Bank Corp reported in an 8-K filed June 3, 2024 that Raymond E. Reitsma resigned as Executive Vice President and Chief Operating Officer, effective June 1, 2024. Mercantile Bank Corp reported in an 8-K filed June 3, 2024 that Raymond E. Reitsma was appointed President and CEO, effective June 1, 2024. Mercantile Bank Corp reported in an 8-K filed October 17, 2023 that Raymond E. Reitsma was appointed President and Chief Executive Officer, effective June 1, 2024. The proxy statement of Mercantile Bank Corp reports total compensation of $1,181,790 for Raymond E. Reitsma in fiscal 2024, including a base salary of $627,500. Disclosed compensation is on record for 8 fiscal years. Raymond E. Reitsma has spoken on 9 earnings calls across 1 company, most recently for Mercantile Bank Corp on October 21, 2025. Mercantile Bank Corp is classified in the Banks - Regional industry within the Financial Services sector. Other leadership on record at Mercantile Bank Corp includes Charles E. Christmas (CFO), Scott P. Setlock (COO), Robert T. Worthington (General Counsel) and 7 others.

“Raymond E. Reitsma has resigned as Executive Vice President (“EVP”) and Chief Operating Officer (“COO”) of Mercantile and has been appointed as President and CEO of Mercantile and CEO of the Bank.”
Mercantile Bank Corp Form 8-K, filed June 3, 2024 · Read the filing
“Raymond E. Reitsma has resigned as Executive Vice President ("EVP") and Chief Operating Officer ("COO") of Mercantile, and has been appointed as President and CEO of Mercantile and CEO of the Bank.”
Mercantile Bank Corp Form 8-K, filed June 3, 2024 · Read the filing

Raymond E. Reitsma on recent calls

“Our results for 2025 build on the theme of commercial expertise generating a strong return profile. We continue to demonstrate top quartile ROA performance relative to our peers built upon the following traits.”
CEO, Mercantile Bank Corp Q3 FY2025 Earnings Call ·
“My comments will focus on the factors driving our robust second quarter 2025 operating results and the key elements of our strategic partnership with Eastern Michigan Bank, which was announced this morning.”
CEO, Mercantile Bank Corp Q2 FY2025 Earnings Call ·
“My comments will focus on the changes that have been made to the funding side of our balance sheet and the resulting impact on the income statement, as well as our loan growth, excellent asset quality, and growing core non-interest income.”
CEO, Mercantile Bank Corp Q1 FY2025 Earnings Call ·
“My comments will focus on the changes that have been made to the funding side of our balance sheet and the resulting impacts on the income statement, as well as our strong loan growth, excellent asset quality, and growing noninterest income.”
CEO, Mercantile Bank Corp Q4 FY2024 Earnings Call ·
“My comments will focus on our significant reduction in the loan-to-deposit ratio, very strong local deposit growth, strong local loan growth, excellent asset quality and steadily growing non-interest income.”
CEO, Mercantile Bank Corp Q3 FY2024 Earnings Call ·

Affiliation history

Company network

Leadership on record at Mercantile Bank Corp

Executive compensation

Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.

Fiscal year Company Salary Total
2024 Mercantile Bank Corp (MBWM) $627,500 $1,181,790
2023 Mercantile Bank Corp (MBWM) $484,784 $1,135,848
2022 Mercantile Bank Corp (MBWM) $440,784 $962,153
2021 Mercantile Bank Corp (MBWM) $405,784 $870,660
2020 Mercantile Bank Corp (MBWM) $400,621 $782,156
2019 Mercantile Bank Corp (MBWM) $370,783 $734,412
2018 Mercantile Bank Corp (MBWM) $346,526 $676,858
2017 Mercantile Bank Corp (MBWM) $330,025 $614,127

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