Through its partnership with FHLBank Indianapolis, Mercantile Bank is continuing its commitment to supporting critical affordable housing needs by funding eight nonprofit organizations.
Key Takeaways
- Mercantile Bank is providing $150,000 in funding to eight Michigan nonprofit organizations through the FHLBank Indianapolis Community Multiplier Member Match Program.
- As the largest commercial bank founded and headquartered in Michigan, Mercantile continues to invest in addressing critical housing needs across the state.
- Grant funding will support affordable housing initiatives focused on housing stability, education, organizational capacity, and housing development and preservation.
GRAND RAPIDS, Mich., Sept. 23, 2026 /PRNewswire/ -- Mercantile Bank is providing $150,000 in funding to eight Michigan nonprofit organizations through the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) Community Multiplier Member Match Program, supporting affordable housing initiatives that strengthen communities across the state.
The FHLBank Indianapolis Community Multiplier program helps member financial institutions support nonprofit organizations advancing affordable housing efforts through matching grants. Funding awarded through Mercantile Bank will support initiatives focused on housing stability, housing counseling and education, organizational capacity, and affordable housing development and preservation.
"Supporting our strong Michigan communities starts with addressing critical needs like housing," said Ray Reitsma, President and CEO of Mercantile Bank. "Affordable housing plays an essential role in creating opportunities for individuals, families, and neighborhoods to thrive. As the largest commercial bank founded and headquartered in Michigan, we're committed to supporting organizations that are helping expand housing opportunities across our state."
The following organizations, which collectively serve communities throughout Michigan, received Community Multiplier grants through Mercantile Bank:
- Blue Water Community Action Agency (Port Huron)
- Blue Water Habitat for Humanity (Port Huron)
- Fair Lending Services (Lansing)
- Methodist Children's Home Society (Metro Detroit)
- Opportunity Resource Fund (Detroit, Grand Rapids, and Lansing)
- Samaritas (Grand Rapids, Lansing, and Detroit)
- Urban League of West Michigan (Grand Rapids)
- Wayne Metropolitan Community Action Agency (Metro Detroit)
"Our nonprofit partners are addressing housing needs throughout Michigan, recognizing that each community's priorities are unique," said Sonali Allen, Community Development Officer at Mercantile Bank. "These grants help expand their work, whether it involves increasing housing stability, providing education and counseling, strengthening organizational capacity, or supporting affordable housing development. We're grateful for the opportunity to work alongside FHLBank Indianapolis to invest in solutions that help Michigan residents and communities succeed."
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, knowledgeable staff, and a commitment to the communities it serves, Mercantile is one of the largest Michigan-based banks with assets of approximately $6.9 billion. Mercantile Bank Corporation's common stock is listed on the NASDAQ Global Select Market under the symbol "MBWM." For more information about Mercantile, visit www.mercbank.com, and follow us on Facebook, Instagram, X (formerly Twitter) @MercBank, and LinkedIn @merc-bank.
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SOURCE Mercantile Bank
