How many employees work at Mercantile Bank of MI?
Mercantile Bank of Michigan has approximately 483 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Mercantile Bank of MI’s total headcount has grown 3.2% from 468 employees in 2023 to 483 in 2026.
Is Mercantile Bank of MI hiring right now?
Yes, Mercantile Bank of MI is actively hiring. Mercantile Bank of MI had 9 active job postings in 2026, a 90.9% decline from 2025 — see job openings & hiring trends.
About Mercantile Bank of MI’s Workforce
Mercantile Bank of Michigan is a Financial Services company that employs 483 people worldwide as of March 2026. It is the 10th-largest by headcount among its peers. Founded in 1997, the company is headquartered in Grand Rapids, Michigan.
Mercantile Bank of MI's workforce has grown 3.2% from 2023 to 2026, though it is down 1.1% year over year in 2026. It fell to a low of 467 in 2024 Q1 before recovering. Its workforce is concentrated most in North America (94.0%), followed by South Asia (2.7%) and Sub-Saharan Africa (2.4%).
Mercantile Bank of MI's functional groups are Finance and Operations (64.5%), Sales and Marketing (19.3%), and Engineering (16.1%), with Engineering growing fastest (up 1.6%). The average salary is $79,823, ranging from a median of $62,000 in North America to $5,000 in South Asia.
Mercantile Bank of MI's active job postings fell 90.9% in 2026 to 9, with new postings per month cooling from 14 in 2023 to 5 in 2026.
Sourced from Revelio Labs workforce data.
- Headquarters
- Grand Rapids, Michigan
- Founded
- 1997
- Industry
- Financial Services
- Employees
- 483
- YoY
- -1.1% (-1)
As of March 2026
Mercantile Bank of MI workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Mercantile Bank of MI. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsMercantile Bank of MI Annual Employee Count (2023-2026)
- Mercantile Bank of MI had 483 employees in 2026, a 1.1% decline (-1) from 2025.
- Mercantile Bank of MI had 470 employees in 2025, a 0.5% decline (-19) from 2024.
- Mercantile Bank of MI had 489 employees in 2024, a 0% no change (+19) from 2023.
- Mercantile Bank of MI had 470 employees in 2023, a 0.6% decline (+3) from 2022.
Mercantile Bank of MI's total workforce has grown from 468 employees in 2023 to 483 in 2026.
Mercantile Bank of Michigan quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 483 | -1 | -1.1% |
| 2025 | Q4 | 470 | -19 | -0.5% |
| 2025 | Q3 | 473 | -10 | -0.3% |
| 2025 | Q2 | 483 | +3 | -0.4% |
| 2025 | Q1 | 484 | +17 | +0.9% |
| 2024 | Q4 | 489 | +19 | +0.0% |
| 2024 | Q3 | 483 | +13 | -0.4% |
| 2024 | Q2 | 480 | +12 | +0.1% |
| 2024 | Q1 | 467 | +0 | -0.9% |
| 2023 | Q4 | 470 | +3 | -0.6% |
| 2023 | Q3 | 470 | +16 | +0.3% |
| 2023 | Q2 | 468 | +4 | -0.5% |
See Mercantile Bank of MI's complete headcount history, including quarterly breakdowns.
Get the DataMercantile Bank of MI Employee Count by Region (2026)
North America accounts for the largest share of Mercantile Bank of MI's global workforce with approximately 94% of total employees, followed by South Asia and Sub-Saharan Africa.
Mercantile Bank of MI employees by region
| Region | Employees | % of Total |
|---|---|---|
| North America | 451 | 94.0% |
| South Asia | 13 | 2.7% |
| Sub-Saharan Africa | 11 | 2.4% |
| Central and Western Asia | 2 | 0.5% |
| Arab States | 1 | 0.2% |
| Northern Europe | 1 | 0.1% |
| Western Europe | 0 | 0.1% |
| Pacific Islands | 0 | 0.1% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataMercantile Bank of MI Employee Count by Department (2026)
Mercantile Bank of MI's employee groups are Finance and Operations (64.5%), Sales and Marketing (19.3%), and Engineering (16.1%).
Mercantile Bank of MI employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 309 | 64.5% |
| Sales and Marketing | 93 | 19.3% |
| Engineering | 77 | 16.1% |
Compare Mercantile Bank of MI's department mix to industry peers.
See Full DataMercantile Bank of MI Employee Salary by Region (2026)
Mercantile Bank of MI's average employee salary is $79,823 globally. Employees in North America receive the highest compensation. Pay is lowest in South Asia, at a median of $5,000.
Mercantile Bank of MI median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $62,000 |
| Central and Western Asia | $52,000 |
| Sub-Saharan Africa | $16,000 |
| South Asia | $5,000 |
Unlock salary by role, level, and city — and compare to Mercantile Bank of MI's industry peers.
Unlock Salary DataMercantile Bank of MI Job Openings and Hiring Trends (2023-2026)
- Mercantile Bank of MI had 9 active job postings in 2026, a 90.9% decline (-1) from 2025.
- Mercantile Bank of MI had 10 active job postings in 2025, a 9.5% decline (-1) from 2024.
- Mercantile Bank of MI had 11 active job postings in 2024, a 166.7% increase (+10) from 2023.
- Mercantile Bank of MI had 1 active job postings in 2023, a 169.2% decline from 2022.
- Hiring velocity in 2026: 5 new roles/month, down from 8 in 2025 and 10 in 2024.
Mercantile Bank of MI's hiring is slowing: active job postings fell 90.9% in 2026 to 9, with new postings per month cooling from 14 in 2023 to 5 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
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Frequently Asked Questions About Mercantile Bank of MI
- How fast is Mercantile Bank of MI growing?
- In 2026, Mercantile Bank of MI's headcount shrank 1.1% to 483 employees, down from 484 in 2025.
- See the full headcount history
- Where are Mercantile Bank of MI employees located?
- Most Mercantile Bank of MI employees are based in North America (94.0% of headcount), followed by South Asia and Sub-Saharan Africa.
- Explore where the workforce is based
- What is the average salary at Mercantile Bank of MI?
- The average employee salary at Mercantile Bank of MI is approximately $79.8k per year.
- Analyze the salary distribution
- How many new job postings does Mercantile Bank of MI open per year?
- In Q1 2026, Mercantile Bank of MI opened 15 new job postings. In 2025, Mercantile Bank of MI opened 97 new job postings — about 8 per month.
- Track hiring trends by role
- When was Mercantile Bank of MI founded and where is it headquartered?
- Mercantile Bank of MI was founded in 1997 and is headquartered in Grand Rapids, Michigan.
- Compare Mercantile Bank of MI to industry peers
Speak with a workforce expert about Mercantile Bank of MI.
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