SEC filing record
Primary Source · SEC.gov

GRAND RIVER COMMERCE INC

2023 vintageRule 506(c)Filing record

Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.

Raised

$8M

Investors

15

Min Invest

$50,000

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What this filing shows

·

Every sentence is a value as filed on SEC Form D

GRAND RIVER COMMERCE INC is a Michigan corporation that first filed a Form D on April 30, 2014 and most recently amended it on September 15, 2023 in the Commercial Banking industry group. The offering claims Rule 506(c) and covers debt. GRAND RIVER COMMERCE INC reported $7,650,000 sold from 15 investors of a $7,650,000 total offering as of the Form D filed September 15, 2023. The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000. The Form D names Performance Trust Capital Partners (CRD 36155), associated with None as the recipient of sales compensation soliciting in FL, GA, MI, NJ, OH, PA. The issuer's address of record is 4471 Wilson Avenue, Grandville, MI 49418.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001418489
Entity NameGRAND RIVER COMMERCE INC
ExemptionRule 506(c)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor.
Entity TypeCorporation
Jurisdiction of OrganizationMichigan
Issuer Address4471 Wilson Avenue, Grandville, MI 49418
Phone(616) 531-1943
Industry / Fund TypeCommercial Banking
Securities TypeDebt
First Sale DateSeptember 1, 2023
Filing DateSeptember 15, 2023
Accession Number0001418489-23-000001
Total Offering Amount$7,650,000
Total Amount Sold$7,650,000
Amount Remaining$0
Total Investors15
Non-Accredited InvestorsNone
Minimum Investment$50,000
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)MI
Amendment Count7 filings on record

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

In the Terminal

Filing events

0

none on file

Critical / warning

0 / 0

0 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

4

lapsed, closed, pre_sale

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Investor

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Item 3 changed on the Form D filed 2023-09-15: 2 related persons added and 2 removed against the filing of 2020-10-16; 11 now listed. The names are in the Terminal feed.

Robert P Bilotti

Executive Officer, Director · Grandville, MI

Chairman of the Board, President and Chief Executive Officer

Jeffrey A Elders

Executive Officer, Director · Grandville, MI

Treasurer

Jerry A Sytsma

Executive Officer, Director · Grandville, MI

Secretary

Margaret A Murphy

Director · Grandville, MI

Cheryl M Blouw

Director · Grandville, MI

Thomas P Jeakle

Director · Grandville, MI

Randall L Hartgerink

Director · Grandville, MI

Patrick K Gill

Director · Grandville, MI

Richard J Blauw

Director · Grandville, MI

Randall J Ferris

Director · Grandville, MI

Todd J Hartgerink

Director · Grandville, MI

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Performance Trust Capital PartnersCRD 36155 on BrokerCheck

Associated broker-dealer: None · Chicago, IL · Soliciting in FL, GA, MI, NJ, OH, PA

Questions About GRAND RIVER COMMERCE INC

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is GRAND RIVER COMMERCE INC?

GRAND RIVER COMMERCE INC is a Michigan corporation that filed a Form D with the SEC on September 15, 2023 in the Commercial Banking industry group. The filing claims Rule 506(c) for an offering of debt.

Is GRAND RIVER COMMERCE INC legit?

AltStreet does not rate legitimacy; it reports the public record. GRAND RIVER COMMERCE INC filed a Form D with the SEC on September 15, 2023 claiming Rule 506(c). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $7,650,000 sold to 15 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is GRAND RIVER COMMERCE INC registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that GRAND RIVER COMMERCE INC claimed Rule 506(c) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has GRAND RIVER COMMERCE INC raised?

GRAND RIVER COMMERCE INC reported $7,650,000 sold from 15 investors of a $7,650,000 total offering as of the Form D filed September 15, 2023.

Who can invest in GRAND RIVER COMMERCE INC?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.

What is the minimum investment in GRAND RIVER COMMERCE INC?

The Form D lists $50,000 as the minimum investment accepted from any outside investor as of September 15, 2023. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling GRAND RIVER COMMERCE INC and how are they paid?

The Form D names Performance Trust Capital Partners (CRD 36155), associated with None as the recipient of sales compensation soliciting in FL, GA, MI, NJ, OH, PA.

Who is behind GRAND RIVER COMMERCE INC?

The Form D lists 11 related persons: Robert P Bilotti, executive officer, director (Chairman of the Board, President and Chief Executive Officer); Jeffrey A Elders, executive officer, director (Treasurer); Jerry A Sytsma, executive officer, director (Secretary); Margaret A Murphy, director; Cheryl M Blouw, director; Thomas P Jeakle, director; Randall L Hartgerink, director; Patrick K Gill, director, and 3 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is GRAND RIVER COMMERCE INC located?

The issuer's address on its SEC filings is 4471 Wilson Avenue, Grandville, MI 49418. Its phone number of record is 616 531 1943. It is organized under the laws of Michigan.

How long is the GRAND RIVER COMMERCE INC offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 3 amendments are on record for this CIK.

What is GRAND RIVER COMMERCE INC's revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.