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    Mercantile Bank Corp. (MBWM)

    -NasdaqGS
    19.52 Down 0.02(0.10%) 12:47PM EDT - Nasdaq Real Time Price
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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:550

    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.

    Key Statistics


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    Corporate Governance 
    Mercantile Bank Corp.’s ISS Governance QuickScore as of Mar 1, 2015 is 5. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 5; Compensation: 6.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
     PayExercised
    Mr. Michael H. Price , 58
    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 , 49
    Chief Financial Officer, Sr. VP, Treasurer, Chief Financial Officer of Mercantile Bank of Michigan and Sr. VP of Mercantile Bank of Michigan
    331.00K108.00K
    Mr. Robert B. Kaminski Jr., 53
    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 , 69
    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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