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Mercantile Bank Corp. (MBWM)

-NMS
18.95 Up 0.07(0.37%) Aug 29, 4:00PM EDT
|After Hours : 18.95 Up 0.00 (0.01%) Aug 29, 4:45PM EDT
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Mercantile Bank Corp.
310 Leonard Street NW
Grand Rapids, MI 49504
United States - Map
Phone: 616-406-3000
Website: http://www.mercbank.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Regional - Midwest Banks
Full Time Employees:645

Business Summary 

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for businesses, individuals, and governmental units. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements. The company also offers secured and unsecured commercial loans comprising commercial and industrial, vacant land, land development and residential construction, owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, credit cards, and overdraft protection. In addition, the company provides 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. As of July 22, 2014, it operated 53 banking offices in central and western Michigan. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.

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Corporate Governance 
Mercantile Bank Corp.’s ISS Governance QuickScore as of Aug 1, 2014 is 4. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 3; Compensation: 4.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Michael H. Price , 57
Chief Exec. Officer, Pres, Director, Chairman of Mercantile Bank of Michigan and Chief Exec. Officer of Mercantile Bank of Michigan
602.00K37.00K
Mr. Charles E. Christmas , 48
Chief Financial Officer, Principal Accounting Officer, Sr. VP, Treasurer, Chief Financial Officer of The Bank and Sr. VP of The Bank
331.00K108.00K
Mr. Robert B. Kaminski Jr., 52
Chief Operating Officer, Exec. VP, Sec., Sec. of Mercantile Bank of West Michigan, Chief Operating Officer Mercantile Bank of Michigan and Pres of Mercantile Bank of Michigan
391.00K138.00K
Mr. Samuel J. G. Stone , 68
Exec. VP of Corp. Fin. and Strategic Planning
N/AN/A
Mr. Yousuf Khan MA,
Deputy Managing Director of Mercantile Ban
N/AN/A
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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