Grand River Commerce, Inc. announced that it expects to receive $10.653786 million in funding.
August 29, 2013
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Grand River Commerce, Inc. (OTCPK:GNRV) announced that it will receive $10,000,003 in equity round of funding on August 30, 2013. Boenning & Scattergood, Inc. will serve as placement agent to the company and will receive $560,000 as sales commissions. The company will issue securities pursuant to exemption provided under Regulation D.
On October 15, 2013, the company received some funding.
As of December 12, 2013, the company has received $1,688,540 in funding from 29 investors.
As of April 30, 2014, the company received $2,797,137 in funding from 51 investors.
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. 
