Grand River Commerce, Inc. and Grand River Bank Announce Board Changes
March 21, 2012 at 06:03 am EDT
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On March 5, 2012, the Board of Directors of Grand River Commerce, Inc. received notice from David H. Blossey of his resignation as a director of the Company, and its wholly-owned subsidiary, Grand River Bank, effective immediately. On March 8, 2012, the Board appointed Patrick K. Gill, the Bank's new President and Chief Executive Officer, as a director of the Company and the Bank to fill the vacancy created by Mr. Blossey's resignation. Mr. Gill was appointed as a Class I director whose term is set to expire at the Company's 2014 annual shareholders' meeting. In addition, Mr. Gill was appointed to the Board's Governance Committee.
Grand River Commerce, Inc. is a holding company. The Company operates through its subsidiary, Grand River Bank (the Bank). The Bank is a full-service commercial bank, serving the communities of Grandville, Grand Rapids and the surrounding areas in Kent and Ottawa counties in Michigan, offering a range of commercial and consumer banking services to businesses, professionals, and residents. The Bankâs primary deposit products are interest and noninterest-bearing checking accounts, savings accounts and time deposits and its primary lending products are real estate mortgages, commercial and consumer loans. The majority of the Bankâs loan portfolio is comprised of commercial real estate and commercial and industrial loans. Grand River Mortgage Company, LLC (GRMC) is a wholly owned subsidiary of the Bank, which is a direct-to-consumer national mortgage lender that has built a digital platform designed to simplify the mortgage experience.
GRAND RIVER COMMERCE, INC. 