A bank that opened a downtown location two years ago has grown out of the space and moved to another building.
Kansas City, Missouri-based Commerce Bank said last week it moved its commercial banking office from 99 Monroe Ave. NW to 146 Monroe Center St. NW — after signing a five-year lease on the space inside the McKay Tower.
Mike Hollander, West Michigan region SVP for Commerce Bank, said the move is due to “strong growth” in the market since the office opened in May 2016.
“In two short years, we have experienced some great successes in this market,” Hollander said. “We are thrilled to continue our investment in the Grand Rapids and West Michigan communities and serve the businesses in this region.”
To accommodate its West Michigan growth, Commerce has hired Dan VandenBosch as VP in the market.
VandenBosch, a former Huntington Bank executive, will focus on building client relationships across all sectors, with an emphasis on health care organizations and middle-market companies.
Commerce Bank is a subsidiary of Commerce Bancshares (Nasdaq: CBSH), a regional bank holding company.
As of June 30, 2018, the holding company had $24.5 billion in assets.
Commerce Bank has 330 locations in the Midwest.
The bank serves West Michigan with various offerings: commercial lending, equipment financing, payment systems, commercial real estate financing and specialized services for the health care industry.