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Mercantile Bank Salary

Mercantile Bank Salary

How Much Does Mercantile Bank Pay for employees?

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As of October 2026, the average annual salary for employees at Mercantile Bank in the United States is $89,830. This translates to an approximate hourly wage of $43. Salaries at Mercantile Bank typically range from $78,758 to $101,985 annually, reflecting the diverse roles and experience levels within the company. Mercantile Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Mercantile Bank Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

Supply Chain Specalist

$125,920 / year

Salary Range: $112,903 - $139,281

Supply Chain

Universal Banker

$43,265 / year

Salary Range: $39,066 - $48,183

Teller Operations

Part-time Teller

$37,658 / year

Salary Range: $34,398 - $41,365

Banking

Universal Banker / Head Teller

$39,894 / year

Salary Range: $36,064 - $44,290

Banking and Financial Services

Retail Banking Representative

$39,756 / year

Salary Range: $36,296 - $43,815

Teller Operations

Security & Infrastructure Administrator

$125,695 / year

Salary Range: $113,514 - $139,637

IT Support

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Mercantile Bank.
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About Mercantile Bank: Company Profile

Website
www.mercbank.com
Founded In
1997
Employees
500 - 1,000 employees
Industry
Financial Services
Headquarter Location
GRAND RAPIDS
Revenue
$50 Million - $200 Million
Phone Number
-
Social Media
About MERCANTILE BANK
Mercantile provides personal and commercial banking services to businesses, individuals and governmental units.

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Mercantile Bank's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Only essential attendees are included. The workplace culture is respectful but somewhat rigid. I’m proud to work at a company that prioritizes both results and people. Fast-paced environment with occasional high stress.
Commented in April 07, 2025
24
0
The break room is well-stocked and inviting. Frontline ideas receive serious consideration. Company values transparency and integrity. Dynamic workplace with constant learning. Managers encourage feedback and professional development. Coworkers support each other, leadership is fair, and goals are clearly communicated. Communication is professional but sometimes bureaucratic, limiting agility. Sta...
Commented in July 12, 2024
9
3
Work-life balance depends on project deadlines. Lunch-and-learns facilitate cross-training. Training programs are available but lack consistency across departments. It’s refreshing to work where leadership promotes trust, teamwork, and professional autonomy.
Commented in June 29, 2024
13
1
From AI-driven analytics to seamless digital platforms, we have the tools to excel in our roles. Supportive leadership and clear communication foster a collaborative work environment. There’s a well-designed infrastructure that keeps everyone aligned.
Commented in February 18, 2024
19
2

How Mercantile Bank's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Mercantile Bank’s pay competitiveness. Click on a company for a deeper dive.

Is Mercantile Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Mercantile Bank’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Mercantile Bank
Financial Services
C&F BANK
FIRST FEDERAL BANK
Industry Comparison
Our data shows that, on average, compensation at Mercantile Bank is below the average for the U.S. Financial Services industry by approximately 26%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Mercantile Bank average annual salary with several similar companies. Mercantile Bank average salary of $89,830 is lower than C&F BANK, which has an average salary of $90,046. It is higher than FIRST FEDERAL BANK, with their average salary at $79,759. This places Mercantile Bank in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

What Is the Cost of Living Near Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at Mercantile Bank.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from Mercantile Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Mercantile Bank salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Mercantile Bank

FAQ 1: What is the typical salary range (low to high) for most roles at Mercantile Bank?
The typical annual salary range for most roles at Mercantile Bank is approximately from $78,758 to $101,985. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
FAQ 2: How much does Mercantile Bank pay compared to C&F BANK?
The average annual salary at Mercantile Bank is $89,830, or an hourly wage of $43, in comparison to C&F BANK which pays $90,046 per year or $43 per hour.
FAQ 3: How does experience level affect salary at Mercantile Bank?
Experience level is a significant factor in determining salary at Mercantile Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.
FAQ 4: How can I determine if a salary offer from Mercantile Bank in Grand Rapids is fair given the local cost of living?
To determine if a salary offer from Mercantile Bank in Grand Rapids is fair, first compare the gross salary to our data for similar roles at Mercantile Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Grand Rapids" to understand its purchasing power.
FAQ 5: Are the salaries listed for Mercantile Bank on Salary.com pre-tax or after-tax?
All salary figures displayed for Mercantile Bank, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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