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Mercantile Bank Corporation (MBWM)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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30.82+0.41 (+1.35%)
At close: 04:00PM EDT
30.82 0.00 (0.00%)
After hours: 04:03PM EDT
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Mercantile Bank Corporation

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

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees630

Key Executives

NameTitlePayExercisedYear Born
Mr. Robert B. Kaminski Jr.Pres, CEO & Director860.15kN/A1962
Mr. Charles E. ChristmasExec. VP, CFO & Treasurer571.68k13.29k1966
Mr. Raymond E. ReitsmaExec. VP & COO650.26kN/A1963
Mr. Robert T. WorthingtonSr. VP, Chief Risk Officer, Gen. Counsel & Sec.356.33kN/A1975
Mr. Brett HooverHuman Resource Director & Sr. VPN/AN/A1971
Mr. Mark S. AugustynSr. VP & Chief Lending Officer of Mercantile Bank of MichiganN/AN/AN/A
Mr. Jeff KaiserSr. VP & Head of Risk Management DepartmentN/AN/AN/A
Amounts are as of December 31, 2021 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 and retail banking services to 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 and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Corporate Governance

Mercantile Bank Corporation’s ISS Governance QualityScore as of May 1, 2022 is 5. The pillar scores are Audit: 8; Board: 6; Shareholder Rights: 6; 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.
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