MBWM
Banks - Regional · Financial Services
CEO
Equibles does not estimate personal net worth.
Get an email with a short summary when Mercantile Bank Corp publishes a filing, an earnings call transcript or a press release.
Get MBWM alertsRaymond 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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
Start not stated–present
Last confirmed April 2, 2026
Proxy statement
Start not stated–2024-04-04
Last confirmed by a filing; no departure on record
Start not stated–2024-06-01
MBWM
Banks - Regional · Financial Services
CEO
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2024 | Mercantile Bank Corp (MBWM) | President and Chief Executive Officer of Mercantile and the Bank | $627,500 | $1,181,790 |
| 2023 | Mercantile Bank Corp (MBWM) | President and Chief Executive Officer of Mercantile and the Bank | $484,784 | $1,135,848 |
| 2022 | Mercantile Bank Corp (MBWM) | President and Chief Executive Officer of Mercantile and the Bank | $440,784 | $962,153 |
| 2021 | Mercantile Bank Corp (MBWM) | Executive Vice President of Mercantile, and President of the Bank | $405,784 | $870,660 |
| 2020 | Mercantile Bank Corp (MBWM) | Executive Vice President, and Chief Operating Officer of Mercantile, and President of the Bank | $400,621 | $782,156 |
| 2019 | Mercantile Bank Corp (MBWM) | Chief Operating Officer of Mercantile, and President of the Bank | $370,783 | $734,412 |
| 2018 | Mercantile Bank Corp (MBWM) | Executive Vice President of Mercantile, and President of the Bank | $346,526 | $676,858 |
| 2017 | Mercantile Bank Corp (MBWM) | Executive Vice President of Mercantile, and President of the Bank | $330,025 | $614,127 |