Company Description
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States.
It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit.
The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans.
In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products.
The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
| Country | United States |
| Founded | 1997 |
| IPO Date | Aug 7, 1997 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 665 |
| CEO | Raymond Reitsma |
Contact Details
Address: 310 Leonard Street NW Grand Rapids, Michigan 49504 United States | |
| Phone | 616 406 3000 |
| Website | mercbank.com |
Stock Details
| Ticker Symbol | MBWM |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001042729 |
| CUSIP Number | 587376104 |
| ISIN Number | US5873761044 |
| Employer ID | 38-3360865 |
| SIC Code | 6022 |
Key Executives
| Name | Position |
|---|---|
| Raymond E. Reitsma | President, Chief Executive Officer and Director |
| Charles E. Christmas | Executive Vice President, Chief Financial Officer and Treasurer |
| Brett E. Hoover | Executive Vice President and Chief Human Resource Officer |
| Scott P. Setlock | Executive Vice President, Chief Operating Officer and Secretary |
| Sonali D. Allen | Senior Vice President and Chief Compliance and Community Development Officer of Mercantile Bank |
| Mark S. Augustyn | Chief Commercial Banking Officer of Mercantile Bank |
| Jeff Kaiser | Senior Vice President and Head of Risk Management Department |
| Douglas J. Holtrop | Executive Vice President and Senior Lending Officer of Mercantile Bank |
| Tara M. Randall | Senior Vice President and Chief Retail Banking Officer of Mercantile Bank |
| Justin M. Karl | Executive Vice President and Senior Lending Officer of Mercantile Bank |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 12, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 4, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 1, 2024 | 10-Q | Quarterly Report |
| Oct 15, 2024 | 8-K | Current Report |
| Aug 7, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Aug 2, 2024 | 10-Q | Quarterly Report |
| Jul 16, 2024 | 8-K | Current Report |
| Jul 11, 2024 | 8-K | Current Report |
| Jun 26, 2024 | 11-K | Annual report of employee stock purchase, savings and similar plans |
| Jun 3, 2024 | 8-K | Current Report |