Mercantile Bank Corp.
310 Leonard Street NW
Grand Rapids,
MI 49504
United States - Map
Phone: 616-406-3000
Web Site: http://www.mercbank.com
| Mercantile Bank Corporation operates as the holding company for Mercantile Bank of Michigan that provides commercial and retail banking services primarily to small- to medium-sized businesses and individuals. The company primarily engages in generating deposits and originating loans. Its deposit products include checking accounts, savings accounts, time deposits, demand deposits, money market accounts, certificates of deposit, and security repurchase agreements. Mercantile Bank Corporation also offers commercial loans, including loans and leases for working capital, accounts receivable financing, and machinery and equipment acquisition; commercial real estate loans for new construction and land development; single-family residential real estate loans; home equity line of credit programs; mortgage loans; and consumer loans, including loans for new and used automobiles, boat loans, credit cards, and overdraft protection. In addition, it provides telephone and online banking, courier services, and safe deposit facilities; and private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. As of May 8, 2009, the company operated nine full-service banking offices in Grand Rapids, Holland, Ann Arbor, Novi, and Lansing county areas in Michigan. It also operates seven automated teller machines. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan. |
|
| Key Statistics |
| |
| | Pay | Exercised | Mr. Michael Price , 52
Chairman, Chief Exec. Officer, Pres, Chairman of Mercantile Bank of Michigan and Chief Exec. Officer of Mercantile Bank of Michigan |
$
474.00K |
$
0 | Mr. Charles E. Christmas , 43
Chief Financial Officer, Principal Accounting Officer, Sr. VP, Treasurer, Chief Financial Officer of Mercantile Bank of Michigan, Sr. VP of Mercantile Bank of Michigan and Treasurer of Mercantile Bank of Michigan |
$
255.00K |
$
0 | Mr. Robert B. Kaminski , 47
Chief Operating Officer, Exec. VP, Sec., Pres of Mercantile Bank of Michigan, Chief Operating Officer Mercantile Bank of Michigan and Sec. of Mercantile Bank of West Michigan |
$
305.00K |
$
0 | Mr. Ray Reitsma ,
Sr. VP and Sr. Lending Officer |
N/A
| N/A | Mr. Mark Augustyn ,
Sr. VP |
N/A
| N/A |
|
|
|
Dollar amounts are as of
31-Dec-08
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.
| |
|
2.06% Nasdaq 
Profile
