James Street property will become home to a new full-service banking center, expanding services across the region

Key Takeaways:

• New facility will feature a full-service branch and drive-thru.
• Larger space is expected to more than double Mercantile's current local team capacity.
• New location will replace Mercantile's current downtown Holland location, which will remain open throughout construction.

GRAND RAPIDS, Mich., Nov. 12, 2026 /PRNewswire/ -- Mercantile Bank has purchased the property at 12274 James St. in Holland, marking the next step in the bank's continued investment and growth in the Lakeshore market.

"This is an important investment in our future across the Lakeshore," said Scott Setlock, Chief Operating Officer of Mercantile Bank. "These are vibrant, growing communities, and we want to grow alongside them. This location gives us the space and accessibility to expand our team, provide a full range of banking services and continue building relationships throughout the market for years to come."

The property will become home to a new Mercantile banking center, featuring a full-service branch and drive-thru, along with additional space to support the bank's growing Lakeshore team. Once complete, this location will replace Mercantile's current downtown Holland office. The expanded space will bring more retail banking services and team members to the market, making it even easier for customers to connect with Mercantile.

"The lakeshore has a strong business community, with entrepreneurs and families who value local relationships. We've built strong connections, and we look forward to building even more relationships throughout the community," said Kevin Phillips, Lakeshore Community Bank President at Mercantile. "As we continue to grow our presence, we're focused on providing experienced local bankers, responsive service, and decisions made by people who know the local market."

The James Street property provides the visibility and space to support Mercantile's long-term plans for the Lakeshore. The new facility is expected to more than double the bank's current team capacity in the market.

Planning and design work for the new facility is underway. While the project timeline will depend on the design, approval and construction processes, Mercantile is currently targeting completion in early 2028. The downtown Holland location will continue serving customers throughout development and construction.

About Mercantile Bank
Mercantile Bank is a wholly owned subsidiary of Mercantile Bank Corporation. Mercantile provides financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Distinguished by exceptional service, a knowledgeable staff, and a commitment to the communities it serves, Mercantile is one of the largest Michigan-based banks with assets of approximately $7.2 billion. For more information about Mercantile Bank, visit www.mercbank.com, follow us on Facebook, Instagram, and X (formerly Twitter) @MercBank, and LinkedIn @merc-bank.

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SOURCE Mercantile Bank