About Grand River Commerce

Grand River Commerce, Inc. operates as the bank holding company for Grand River Bank that provides a broad range of commercial and consumer banking services to businesses, professionals, and local residents. The bank originated 374 PPP (the Paycheck Protection Program) loans in 2020. The bank is a full-service commercial bank headquartered in Grandville, Michigan, serving the communities of Grandville, Grand Rapids and the surrounding areas in Kent and Ottawa counties in Michigan. Loans As of December 31, 2020, the company’s loans were commercial and industrial loans and PPP loans; commercial real estate loans, such as commercial loans and construction and land development loans; consumer loans, such as residential and other loans and construction loans. Deposits As of December 31, 2020, the company’s deposits were noninterest-bearing demand deposits; and interest-bearing deposits, such as checking deposits, savings deposits, and time deposits. Investment Securities As of December 31, 2020, the company’s securities were mortgage-backed securities and municipal securities. Regulation The bank is chartered by the state of Michigan and is a member of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve. The bank is subject to the regulations and supervision of the Federal Reserve, as well as state regulators and undergoes periodic examinations by these regulatory authorities while still maintaining insurance governed by the FDIC. The company is also subject to regulations of the Federal Reserve governing bank holding companies. History Grand River Commerce, Inc. was incorporated under the laws of the state of Michigan in 2006.