| GNRV Stock | | | USD 3.05 0.16 5.54% |
Chairman
Mr. Jeffrey A. Elders is Independent Director of Grand River Commerce, Inc. For the past five years, Mr. Elders was employed as a partner of VanderLugt, Mulder, Elders DeVries, an accounting firm in Grandville, Michigan since 2007.
| Age | 54 |
| Tenure | 17 years |
| Phone | 616 929 1600 |
| Web | https://www.grandriverbank.com |
Elders was a Certified Public Accountant since 1992. His accounting experience, involvement in the community and knowledge of the market served by the Bank enhance his ability to serve as a Director. Accordingly, the Board has concluded that Mr. Elders should continue serving on the Board.
Grand River Management Efficiency
Grand River's management efficiency ratios could be used to measure how well Grand River manages its routine affairs as well as how well it operates its assets and liabilities.
Grand River Commerce currently holds 12.52
M in liabilities. Debt can assist Grand River until it has trouble settling it off, either with new capital or with free cash flow. So, Grand River's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Grand River Commerce sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Grand to invest in growth at high rates of return. When we think about Grand River's use of debt, we should always consider it together with cash and equity.
Similar Executives
Grand River Commerce, Inc. operates as the bank holding company for Grand River Bank that provides various commercial and consumer banking products and services to businesses, professionals, and residents. Grand River Commerce, Inc. was incorporated in 2006 and is based in Grandville, Michigan. Grand River operates under BanksRegional classification in the United States and is traded on OTC Exchange. Grand River Commerce [GNRV] is traded as part of a regulated electronic over-the-counter service offered by the NASD.
Management Performance
Grand River Commerce Leadership Team
Elected by the shareholders, the Grand River's board of directors comprises two types of representatives: Grand River inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grand. The board's role is to monitor Grand River's management team and ensure that shareholders' interests are well served. Grand River's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Grand River's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeffrey Elders, Treasurer, Independent Director, Chairman of Audit Committee, Member of Governance and Nominating Committee and Director of Grand Commerce Bank | |
| Robert Bilotti, Chairman, CEO and President Chairman of Governance and Nominating Committee and Chairman of Grand River Bank | |
| Jerry Sytsma, VP, Secretary, Director, Chairman of Compensation Committee and Director of Grand River Commerce Bank | |
| Carrie Benedict, Grand Teller | |
| Elizabeth Bracken, CFO, COO and Principal Accounting Officer | |
| Brent Kehrwecker, VP Bank | |
| Marcia Borowka, VP Bank | |
| Julie Steinbeck, Credit VP | |
| Mark Martis, Chief Lending Officer of Grand Commerce Bank and Sr. VP of Grand Commerce Bank | |
| Ryan Wolthuis, Grand Officer | |
Grand Stock Performance Indicators
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