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Mercantile Bank chairman Michael H. Price to retire

MercantileMercantile Bank Corporation announced that Michael H. Price wants to retire from the president and CEO positions of Mercantile on January 1, 2017.

Mr. Price will remain Chairman and an executive officer until the annual shareholders' meeting scheduled for May 2018, at which time he will remain on the Board of Directors but conclude his employment.

Mr. Price has over 30 years of commercial banking experience and joined the Bank in 1997.

Before being promoted to his current position as President and Chief Executive Officer of Mercantile and Chief Executive Officer of the Bank in 2007, he served as President and Chief Operating Officer of Mercantile and the Bank in 1997 and 1998, and as President and Chief Operating Officer of Mercantile and President and Chief Executive Officer of the Bank from 1999 to June of 2007.

Mr. Price also served as Chairman of the Board of Mercantile from 2007 through the date of the Firstbank merger and resumed his position as Chairman of Mercantile in May of 2015.

The Company also said that Robert B. Kaminski Jr. will be appointed President and CEO effective January 1, 2017. He will continue to serve in his current role as Executive Vice President and Chief Operating Officer until that date.

Mr. Price and Mr. Kaminski were among the six original employees who founded Mercantile in 1997.

In June of 2000, Mr. Kaminsk was promoted to Chief Operating Officer, and then appointed President of Mercantile Bank of Michigan effective June 30, 2007. On May 28, 2015, he was appointed CEO of Mercantile Bank in addition to continuing his roles as President of Mercantile Bank and Executive Vice President and Chief Operating Officer of Mercantile.

Mr. Kaminsk is a graduate of Aquinas College.


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