Testimonial Name: Charles Christmas
Testimonial Title: SVP & Chief Financial Officer
Testimonial Company: Mercantile Bank of Michigan
Testimonial Location: Grand Rapids, MI
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Testimonial Content:
We are very pleased with the Deposit Reclassification program that logicpath presented to us. Utilizing their program, we were able to completely eliminate the need to maintain a non-interest bearing balance of almost $8 million with the Federal Reserve. The elimination of this non-earning asset provided us the opportunity to lessen our wholesale funding balances, thereby providing a meaningful positive impact on our earnings. We are most appreciative of logicpath’s consultants and their insight and guidance throughout the process.
Testimonial State: Michigan