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Mercantile Bank Corporation (MBWM)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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28.46-0.31 (-1.08%)
As of 11:06AM EST. Market open.

Mercantile Bank Corporation

310 Leonard Street NW
Grand Rapids, MI 49504
United States

Sector(s)Financial Services
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Robert B. Kaminski Jr.Pres, CEO & Director728.82kN/A1962
Mr. Charles E. ChristmasExec. VP, CFO & Treasurer537.37kN/A1966
Mr. Robert T. WorthingtonSr. VP, COO, Gen. Counsel & Sec.349.35kN/A1975
Ms. Lonna L. WiersmaSr. VP & Human Resource Director378.23kN/A1960
Mr. Raymond E. ReitsmaExec. VP541.55kN/A1963
Mr. Mark S. AugustynChief Lending OfficerN/AN/AN/A
Mr. Jeff KaiserSr. VP & Head of Risk Management DepartmentN/AN/AN/A
Amy KamVP and Exec. Administrator of Mercantile Bank of MichiganN/AN/AN/A
Amounts are as of December 31, 2019 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.


Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail 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. The company also offers commercial, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate 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 services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; 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 well as owns 32 automated teller machines and eight video banking machines. The company operates 40 banking offices. 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 December 1, 2020 is 5. The pillar scores are Audit: 2; Board: 5; Shareholder Rights: 6; Compensation: 5.

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.