Government Banking Services


We deliver tailored solutions for the unique and diverse needs of municipalities, school systems and institutions that receive public funding. We understand that by keeping funds local we can better support the communities we serve and help grow our local economies.  



Deposit Options

Choose from the following deposit account options to best support the financial needs of your organization.


Municipal Checking

  • $50.00 minimum opening deposit
  • $6.00 monthly maintenance fee is waived if you maintain a $35,000.00 average available balance per statement cycle or a combined average available balance greater than $50,000.00
  • Combined average available balance in all deposit accounts held in the same legal name and Tax ID at Mercantile Bank is greater than $50,000.00. Qualifying deposit account(s) include any combination of the following business deposit accounts: checking, money market, savings, and certificate of deposit accounts and must reside on the same customer portfolio.
  • Unlimited monthly transactions
  • Unlimited monthly cash deposit allowance
  • Unlimited incoming and outgoing wire activity
  • Tiered interest rate

Service charges are subject to change

Municipal Certificate of Deposit

  • $500.00 minimum opening deposit
  • Automatic renewal standard for your convenience
  • Flexible maturities range from 30 days to 60 months
  • Subject to an early withdrawal penalty when principal is withdrawn prior to maturity
  • Savings options that comply with Public Act 20 to ensure deposits are safe and secure
  • The interest rate and annual percentage yield on the account will be determined on the day the deposit is accepted

Fees could reduce earnings on the account

Insured Cash Sweep (ICS)

  • $250,000 minimum opening balance.
  • Tiered interest rate structure. Earn interest and build balances toward your savings goals.
  • Daily liquidity and access to funds without any long-term commitment – access your funds when you need them.
  • Convenient online and mobile banking access to your accounts to check balances, statements, and transfer between accounts.
  • Funds are automatically transferred to corresponding accounts with daily automated sweeps.

Certificate of Deposit Account Registry Service (CDARS)

  • A variety of standard CD terms are available so you can select the ones that best suit your needs.   
  • Earn one rate for each CD maturity which makes reporting and tracking easy and convenient.
  • CD maturity notice available 10-15 days before maturity. Helpful advanced notice to keep you informed about the maturity period of your investment.
  • Receive easy-to-read, detailed monthly statements so you can track your holdings in your CDARS account.

Payables Solutions

Streamline your payments, improve your access to payment information and optimized cash flow for your organization.


Integrated Payables

Improve efficiency and enhance cash flow for your business by improving your payments process. Integrated Payables will automate and incorporate multiple payment types including; virtual cards, ACH, and checks into a single, streamlined payment process.

Business Credit Cards

Whether replacing petty cash, deploying company-wide travel and entertainment cards, or using cards as part of your payables and working capital strategy, our business credit card programs will meet all your needs.

International Payment Solution

Our partnership with PayRecs provides you a simplified international payment platform with the safety and security you need when sending international payments. 24/7 access, real-time exchange rates along with state of the art fraud controls to provide you peace of mind.

ACH Payment Services

Pay your vendors electronically knowing payment will be credited on the date selected and monies will be securely posted early in the day to allow for immediate access. You can also pay a variety of federal and state taxes accurately and promptly. Create and maintain this information directly in the site or upload files from spreadsheets or your accounting software into the application.

Online Wire Transfer

For urgent payments, our wire transfer service allows you to create payments on both a domestic and international basis. Whether the payment needs to be made in US dollars or the appropriate foreign currency, our online service will allow you to securely and efficiently make payments to your vendors.

Reporting + Fraud Mitigation

Service options designed to protect your organization and remain a step ahead of threats to your finances.


Business Online Banking

Business online banking offers balance reporting services of current day and intra day account activity. Enjoy the convenience of easy access to bank statements, as well as export options for account activity and transaction image access for checks, deposit tickets, and deposited items.

Automated Sweep Services

Ensure your idle cash balances are systematically managed on a daily basis, maximizing available dollars for your businesses needs. From zero balance accounts to overnight investment options to loan sweep services, Mercantile has a solution to meet your needs.

ACH Positive Pay

Minimize fraud with ACH positive pay. This service allows you to monitor and be alerted to all ACH activity—both credits and debits—so you can make secure and safe decisions. Any items that do not match designated criteria are flagged as exceptions to authorized individuals in the same manner as check positive pay.

Check Positive Pay

Ensure your accounts are protected from unauthorized check activity. Through check positive pay, Mercantile can match amount, date, and payee name on checks. Check items are compared on a daily basis—if exceptions are found, we will notify authorized individuals via email or text alert of the need to review items for validity.

Connect With The Team


Ron Foor

Director of Governmental Banking

Phone: 269.373.3425



Talia Coleman

Business Personal Banker

Phone: 269.553.9100 ext. 14428



Jeff Hodges

Treasury Sales Manager

Phone: 517.853.2709



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