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Mercantile Bank

54.71
-0.2200-0.40%
Post-market: 54.710.00000.00%17:43 EST
Volume:110.82K
Turnover:6.08M
Market Cap:939.81M
PE:10.01
High:55.77
Open:55.38
Low:54.30
Close:54.93
52wk High:55.77
52wk Low:37.76
Shares:17.18M
Float Shares:16.65M
Volume Ratio:1.14
T/O Rate:0.67%
Dividend:1.50
Dividend Rate:2.74%
EPS(TTM):5.47
EPS(LYR):5.47
ROE:13.56%
ROA:1.38%
PB:1.30
PE(LYR):10.01

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OverviewCompanyNewsFilings

Company Profile

Company Name:
Mercantile Bank
Exchange:
NASDAQ
Establishment Date:
1997
Employees:
770
Office Location:
310 Leonard Street NW,Grand Rapids,Michigan,United States
Website:
http://www.mercbank.com
Zip Code:
49504
Phone:
616 406 3000
Fax:
- -
Introduction:
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.

Directors

Name
Position
Michael H. Price
Chairman and Director
Raymond E. Reitsma
Director, President and Chief Executive Officer
Amy L. Sparks
Director
David B. Ramaker
Director
Joseph D. Jones
Director
Michael S. Davenport
Director
Michelle L. Eldridge
Director
Nelson F. Sanchez
Director
Richard D. MacDonald
Director
Sara A. Schmidt
Director
Shoran R. Williams
Director
Steve Schweihofer
Director

Shareholders

Name
Position
Raymond E. Reitsma
Director, President and Chief Executive Officer
Scott P. Setlock
Executive Vice President, Chief Operating Officer and Secretary
Charles E. Christmas
Executive Vice President, Chief Financial Officer and Treasurer
Brett E. Hoover
Executive Vice President, Chief Human Resource Officer
Mark S. Augustyn
Executive Vice President, Chief Commercial Banking Officer
Tara M. Randall
Executive Vice President, Chief Experience Officer