Mercantile Bank Corp. in Grand Rapids announced that Gerald R. Johnson Jr., its founding chairman and chief executive, will retire June 30.
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The $2.1 billion-asset company also said last week that Michael H. Price, the president of both the holding company and its Mercantile Bank of Michigan, will succeed Mr. Johnson.
Mr. Price will remain the holding company's president.
Robert B. Kaminski will become the bank's president and the holding company's chief operating officer. He is currently the chief operating officer of the bank.
