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Mercantile Bank Corporation (MBWM)

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Mercantile Bank Corporation

310 Leonard Street NW
Grand Rapids, MI 49504
United States
616-406-3000
http://www.mercbank.com

SectorFinancial
IndustryRegional - Midwest Banks
Full Time Employees552

Key Executives

NameTitlePayExercisedAge
Mr. Michael H. PriceExec. Chairman and Exec. Chairman of Mercantile Bank of Michigan703.65kN/A60
Mr. Robert B. Kaminski Jr.CEO, Pres, Director, CEO of Mercantile Bank and Director of Mercantile Bank of Michigan521.94kN/A55
Mr. Charles E. ChristmasCFO, EVP, Treasurer, CFO of Mercantile Bank of Michigan, and EVP of Mercantile Bank of Michigan420.84kN/A51
Mr. Robert T. WorthingtonCOO, SVP, Gen. Counsel and Sec.233.24kN/A42
Mr. Raymond E. ReitsmaPres of Mercantile Bank of Michigan and Director of Mercantile Bank of MichiganN/AN/A54
Amounts are as of December 31, 2016 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.

Description

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for 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, as well as repurchase agreements. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; 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, and credit cards, as well as overdraft protection for its checking account customers. In addition, it 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. The company operates 48 banking offices in Western and Central Michigan; and 49 automated teller machines. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.

Corporate Governance

Mercantile Bank Corporation’s ISS Governance QualityScore as of August 1, 2017 is 4. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 5; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.