Mercantile Bank MBWM

Mr. Reitsma has been a director of Mercantile since 2023 and a member of Mercantile Bank's Board since 2020. Mr. Reitsma was appointed a member of EMB's Board and Chief Executive Officer of EMB, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Mr. Reitsma was appointed President and Chief Executive Officer of Mercantile and of Mercantile Bank, effective June 1, 2024, previously serving as Executive Vice President of Mercantile since May 24, 2018, and served as Chief Operating Officer of Mercantile from January 1, 2022, through December 31, 2023. He has been with Mercantile Bank for over 20 years, beginning with his initial role as a Commercial Loan Manager in 2003. In June 2015, Mr. Reitsma was appointed as Mercantile Bank's West Region President and became President of Mercantile Bank on January 1, 2017. Mr. Reitsma's areas of responsibility have included commercial lending, treasury/cash management, mortgage lending, operations, risk management, retail/branches, and credit administration. Mr. Reitsma was also instrumental in the preparation, transition and integration periods surrounding the merger with Firstbank Corporation. Mr. Reitsma currently serves on the Kent Community Hospital Finance Authority, The Right Place Board of Directors and its Finance Committee, and the Advisory Council of The Mill Steel Company. Additionally, he serves on the Advisory Council of DA Blodgett/St. John's Home and has done so since 2011. Previously, Mr. Reitsma served on the local boards of the American Heart Association, and the Pine Rest Foundation for six years, including two years as Treasurer, and was Chair of the Mel Trotter capital campaign. Mr. Reitsma graduated from Calvin College with a B.A. in Business Administration and holds an MBA in Finance from Michigan State University.

Mr. Christmas joined the Bank in 1998 and has over 35 years of banking experience. Before being promoted to his current position as Executive Vice President and Chief Financial Officer of Mercantile and the Bank, Mr. Christmas served as Senior Vice President and Chief Financial Officer of Mercantile and the Bank from 2000 to 2015. Mr. Christmas also serves as Treasurer of Mercantile, a position he has held since 2000. Prior to joining Mercantile, he examined various financial institutions for over ten years while serving as a bank examiner with the Federal Deposit Insurance Corporation (FDIC). He began his tenure with the FDIC upon his graduation from Ferris State University. Mr. Christmas holds a Bachelor of Science degree in Accountancy. Mr. Christmas serves on the Michigan Bankers Association Funds Management Committee, is an instructor at the Michigan Bankers Association Perry School of Banking, is a member of the Ferris State University College of Business Advisory Board and serves as a Board member and Finance Committee member of the Frederik Meijer Gardens & Sculpture Park and the Make-A-Wish Foundation of Michigan.

Mr. Augustyn was appointed as Executive Vice President, Chief Commercial Banking Officer of the Bank in January 2025 and is one of the founding lending officers of the Bank. He previously served as a Commercial Lender from 1997 to 2007, Commercial Loan Manager from 2007 to 2015, Regional Commercial Loan Manager from 2015 to 2017, and Chief Lending Officer from 2017 to 2024. In his current role, Mr. Augustyn oversees all facets of the commercial banking division. Mr. Augustyn has served on the boards of Bethany Christian Services, Blandford Nature Center, Crossroads Bible Church, 100 Businesses that Care and Mission Field. He holds a B.A. in Finance and an MBA from Grand Valley State University.

Mr. Setlock was appointed to the role of Executive Vice President, Chief Operating Officer and Secretary of Mercantile effective January 1, 2024, and has served as Executive Vice President, Chief Operating Officer of the Bank since January 1, 2022. In his nearly 20-year tenure with the Bank, Mr. Setlock has held roles within Commercial Credit, Commercial Credit Management, Commercial Lending and Mortgage Lending Management. He maintains an active role in the community, serving on the Board and Executive Committee of Junior Achievement of the Michigan Great Lakes where he also regularly volunteers directly with students. Mr. Setlock has previously served as an Adjunct Professor of Bank Management at the Seidman College of Business at Grand Valley State University, on the Board and Executive Committee of the Seidman Alumni Board and on the Seidman Finance Advisory Committee. Other prior community service includes holding the role of Board Chair at In the Image for six years and serving on the Heart of West Michigan United Way Campaign Cabinet overseeing the Finance Division. Mr. Setlock graduated from Grand Valley State University with a BBA and an MBA in Finance and Economics. He is also a graduate of the American Banking Association Stonier Graduate School of Banking and associated Wharton leadership programs.

Mr. Hoover was appointed as Executive Vice President, Chief Human Resource Officer of Mercantile and the Bank on January 1, 2024. Previously, Mr. Hoover was Senior Vice President, Human Resource Director of the Bank from March 2022 to December 2023, and prior to that, held the role of Human Resource Associate Director from 2020 to 2022. Mr. Hoover joined the Bank in 2006 as a Vice President, Human Resource Administrator and is a Society for Human Resource Management - Senior Certified Professional. In addition, he has the Group Benefit Associate (GBA) certification. Mr. Hoover serves the local community as the President of the Board of IKUS Life Enrichment Services. He also serves as a Director for the Michigan Bankers Workers Compensation Fund. Mr. Hoover has previously served on the Board of Grand Rapids Opportunities for Women (GROW). He holds a master's degree in management from Aquinas College.

Mr. Price is Chairman of the Boards of Mercantile, Mercantile Bank, and EMB. Mr. Price was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. He has over 45 years of commercial banking experience and co-founded Mercantile Bank in 1997. Mr. Price retired as the President and Chief Executive Officer of Mercantile and Chief Executive Officer of the Bank on January 1, 2017, positions he had held since 2007. Mr. Price served as President and Chief Operating Officer of Mercantile and Mercantile Bank in 1997 and 1998, and as President and Chief Operating Officer of Mercantile and President and Chief Executive Officer of Mercantile Bank from 1999 to June of 2007. From 2005 to 2007, he served on the Board of Directors of the Federal Home Loan Bank of Indianapolis. Mr. Price also held leadership positions on the Boards of Metro Health Corporation, Aquinas College, Habitat for Humanity of Kent County, Project Rehab and Network180. Mr. Price was the founding President of our organization and has demonstrated excellent leadership qualities and a strong understanding of the fundamentals of our industry.

Ms. Sparks has been a director of Mercantile since October of 2023 and a member of Mercantile Bank's Board since 2022. Ms. Sparks was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Ms. Sparks is a seasoned executive, investor, and Certified Public Accountant with more than 30 years of leadership experience across manufacturing, finance, and real estate. Ms. Sparks has been the Owner, President, and Chief Executive Officer of JDALS Enterprises Inc. (f/k/a Nuvar Inc.), a Michigan-based manufacturing company specializing in finished product contract manufacturing for the office furniture, health care, education, appliance and transportation industries, since 2018. Ms. Sparks currently serves on the Grand Valley State University Seidman School of Business Dean's Advisory Board and actively mentors leaders through several non-profit organizations.

Ms. Eldridge has been a director of Mercantile since 2016 and a member of Mercantile Bank's Board since 2014. Ms. Eldridge was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Ms. Eldridge currently serves as a Principal of Clear Ridge Wealth Management (Clear Ridge) in Kalamazoo, Michigan, which she co-founded in 2014. Clear Ridge provides integrated wealth management to high-net-worth families and customized investment management to institutional organizations. Prior to founding Clear Ridge, Ms. Eldridge was a Principal of LVM Capital Management for 16 years. Ms. Eldridge is a member of both the Western Michigan University Foundation Investment Committee and the Kalamazoo Valley Community College Foundation Investment Committee and is also on the Finance Committee of Prince of Peace Lutheran Church. She is a CFA charterholder, Certified Private Wealth Advisor , and a graduate of Western Michigan University. Ms. Eldridge served as a director of Keystone Community Bank from 2007 through 2014.

Mr. Ramaker has been a director of Mercantile since 2020 and a member of Mercantile Bank's Board since 2020. Mr. Ramaker was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Mr. Ramaker retired from Chemical Financial Corporation and Chemical Bank in 2017. Mr. Ramaker was the Chairman, President and Chief Executive Officer of Chemical Financial Corporation and Chemical Bank from 2006 until its merger with Talmer Bank Corporation in 2016. He served as President and Chief Executive Officer of Chemical Financial Corporation and Chemical Bank from 2001 through June of 2017. He joined Chemical Bank in 1989 as Vice President of Commercial Lending. Prior to that, he held a variety of banking positions with financial institutions in Texas from 1977 through 1989. Mr. Ramaker holds a bachelor's degree with a major in finance and minor in accounting from Southern Methodist University.

Mr. Davenport has been a director of Mercantile since 2020 and a member of Mercantile Bank's Board since 2017. Mr. Davenport was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Mr. Davenport has served as President and Chief Executive Officer of Jireh Metal Products since 2015. Prior to that, he held a variety of positions at major financial institutions, including U.S. Bank, Fifth Third Bank and First Financial Bank. Overall, his background includes over 13 years in the banking industry, holding positions in sales, risk management and community development. Mr. Davenport earned a Bachelor of Science degree in psychology from Xavier University and a Juris Doctor degree from the University of Cincinnati College of Law. Mr. Davenport serves on the Boards of The Right Place, The Right Place Manufacturing Council, The Michigan Manufacturing Technology Center and the Xavier University President's Advisory Council.

Ms. Schmidt has been a director of Mercantile since January 2025 and a member of Mercantile Bank's Board since 2023. Ms. Schmidt was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Ms. Schmidt is the Chief Information Security Officer at US Foods and responsible for ensuring the security, integrity, and availability of the company's organizational systems, people and processes, a position she has held since 2022. Immediately prior, from 2015 to 2022, Ms. Schmidt worked as Chief Information Security Officer for Farmers Insurance. Ms. Schmidt also sits on the Technology Leadership Team, tasked with providing efficient and secure technology access to employees and customers. Since 2017, Ms. Schmidt has served as vice chair of the West Michigan Tech Talent Council, and since 2020, has served as an executive sponsor of the West Michigan Cyber Security Consortium. She also has extensive knowledge of enterprise business continuity, technology risk mitigation (for example, AI and other emerging trends) and IT compliance.

Mr. Sanchez has been a director of Mercantile since 2024 and a member of Mercantile Bank's Board since 2022. Mr. Sanchez was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Mr. Sanchez is a strong finance executive with broad strategic leadership experience in all aspects of finance, operations, marketing and general management. He is the Chief Executive Officer of RoMan Manufacturing, Inc. (RoMan). Mr. Sanchez joined RoMan as Chief Financial Officer in 2013, became Chief Operating Officer in 2016, President in January of 2023 and was appointed as Chief Executive Officer in June of 2023. Before joining RoMan, he held executive positions in finance, marketing, and management in various companies, including Deloitte, Windquest Companies, Ridgeview Industries, and Kaydon Corporation. Mr. Sanchez is a Certified Public Accountant, fluent in Spanish and has an extensive background in strategic leadership and diversity training. He serves on various boards and committees in the West Michigan community, including the Grand Rapids Chamber of Commerce Foundation Board as Board Chair and Trillium Living Services/Holland Home as Board Chair. He is Board Chair for SignComp Inc. and an advisory board member for Grand Rapids Chair Company.

Mr. MacDonald has been a director of Mercantile since January 2025 and a member of Mercantile Bank's Board since 2023. Mr. MacDonald was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Mr. MacDonald has served as Chief Operating Officer for the past 21 years of his 35 years with The Hinman Company, a commercial real estate investment, development, and management company. Mr. MacDonald graduated from Western Michigan University with a BBA in Accountancy and a minor in Finance. He currently serves on the Board of Directors for Southwest Michigan First, Discover Kalamazoo, Western Michigan University Foundation Real Estate Committee, Battle Creek Unlimited Direct Investment Fund, and the City of Portage Downtown Development Authorities. Mr. MacDonald is a licensed real estate broker and member of the Commercial Alliance of Realtors in Grand Rapids, Greater Kalamazoo Association of Realtors, and the Commercial Board of Realtors in southeast Michigan.

Ms. Williams has been a director of Mercantile since January 2025 and a member of Mercantile Bank's Board since 2020. Ms. Williams was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Ms. Williams has been practicing law for over 30 years with litigation practice experience in the areas of administrative law, employment discrimination law, civil litigation, appellate law, personal injury, and family law. She is currently a member of the legal team at Pinsky Smith, LLC, joining in 2024. From 2022 to 2023, she was general counsel and chief regulatory officer at Fluresh LLC. From 2019 to March 2022, she served as senior counsel chair over the cannabis practice group at Miller Johnson. As an experienced lead attorney, she is adept at working with a wide range of clients and has successfully obtained favorable results in state and federal courts and before government agencies. Ms. Williams is a member of the American Bar Association, the State Bar of Georgia, the State Bar of Michigan, and the Grand Rapids Bar Association. Ms. Williams has also served as an adjunct professor at Florida Coastal School of Law, where she created and taught the Personal Injury Law course in addition to Pre-Trial Litigation and Contract courses. In addition, Ms. Williams is active in initiating, participating, and moderating diversity and inclusion initiatives, and served on the Governing Board of the Meritas Black Lawyer's Leadership Forum.

Mr. Jones has been a director of Mercantile since January 2025 and a member of Mercantile Bank's Board since 2018. Mr. Jones was recently appointed a member of EMB's Board, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. Mr. Jones is a seasoned executive leader who is passionate, strategic-minded, and a servant leader with nearly three decades of experience leading teams and managing diverse organizations and individuals while using an equity lens in the public and private sector. Mr. Jones is proficient in both financial and operations management and is skilled at cultivating and enriching relationships. He has a proven track record of leading, advising, communicating, and collaborating across ethnic/geographic boundaries, and he has also served as senior pastor at Brown Hutcherson Ministries (BHM) since June 2021. Mr. Jones was previously a city commissioner for Grand Rapids, from 2016 to 2022, as well as president and chief executive officer of the Urban League of West Michigan, from 2011 to 2020. Mr. Jones currently serves as VP, West Michigan Engagement for Ferris State University. Mr. Jones is the owner and founder of Hekima Group, a consultancy firm focused on Culture, Communications and Crisis, Strategic and Multicultural Communications, Crisis Management, Executive Coaching, and Corporate Social Responsibility and Social Impact, founded in 2020.

Ms. Randall is Executive Vice President, Chief Experience Officer of the Bank, a role she has held since January 2024. She previously served as the Chief Retail Banking Officer and has held various roles within the Branch and Retail Operations areas of the Bank since joining the company in 2001. In her current role, she leads the strategic direction of the Bank's Retail, Digital, and Marketing teams. Ms. Randall has served on the West Michigan Advisory Council for Michigan Women Forward since 2019 and holds a B.A. in Mathematics and General Business from Grand Valley State University.

Mr. Schweihofer has been a member of EMB's Board since 2021. Mr. Schweihofer was appointed as a director of Mercantile and Mercantile Bank, effective December 31, 2025, in connection with Mercantile's acquisition of Eastern Michigan Financial Corporation and EMB. From February 2019 to the present, Mr. Schweihofer has served on the Board of Directors of Foster Blue Water Oil, a fuel services and C-Store company located in Richmond with operations throughout eastern Michigan. In January 2003, Mr. Schweihofer was a founding member of Foster Blue Water Oil and served as its Chief Financial Officer until February 2019. Mr. Schweihofer is actively involved in his local community, serving as treasurer of the SC4 Foundation since 2019, and St. Vincent DePaul and Ecumenical Food Pantry, St Clair chapter since 2005. He has also served as a Trustee of the Community Foundation of St Clair County since 2019, and has served on its Finance and C3 committees since 2015. Mr. Schweihofer was the varsity golf coach for Marysville High School from 2021 to 2024. Mr. Schweihofer received his Bachelor of Science in Accounting from Western Michigan University.