Mercantile Bank Corporation Declares Dividend

                Mercantile Bank Corporation Declares Dividend

Board declares $0.12 quarterly cash dividend on common stock resulting in
current annual yield of 2.3%

PR Newswire

GRAND RAPIDS, Mich., July 22, 2014

GRAND RAPIDS, Mich., July 22, 2014 /PRNewswire/ -- Mercantile Bank Corporation
(NASDAQ: MBWM) ("Mercantile") announced today that on July 17, 2014 its Board
of Directors declared a regular quarterly cash dividend of $0.12 per common
share, payable September 24, 2014 to holders of record as of September 12,

"Following the completion of the merger with Firstbank Corporation, Mercantile
remains in a strong financial condition that has afforded us the ability to
declare a third quarter cash dividend, consistent with our continuing
commitment to provide a meaningful return to shareholders," said Michael
Price, President and CEO of Mercantile. "As we move through the integration of
these two great banking organizations, our robust capital position and strong
financial condition support our ability to sustain a cash dividend program,
and also reflect the confidence of our Board of Directors and executive
management team in Mercantile's future."

About Mercantile Bank Corporation
Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank
holding company for Mercantile Bank of Michigan. Mercantile provides banking
services to businesses, individuals and governmental units, and differentiates
itself on the basis of service quality and the expertise of its banking staff.
Mercantile has assets of $2.9 billion and operates 53 banking offices serving
communities in central and western Michigan. Mercantile Bank Corporation's
common stock is listed on the NASDAQ Global Select Market under the symbol

Forward-Looking Statements
This news release contains comments or information that constitute
forward-looking statements (within the meaning of the Private Securities
Litigation Reform Act of 1995) that are based on current expectations that
involve a number of risks and uncertainties. Actual results may differ
materially from the results expressed in forward-looking statements. Factors
that might cause such a difference include changes in interest rates and
interest rate relationships; demand for products and services; the degree of
competition by traditional and nontraditional competitors; changes in banking
regulation or actions by bank regulators; changes in tax laws; changes in
prices, levies, and assessments; our ability to successfully integrate the
operations of Mercantile and Firstbank and their respective subsidiary banks;
the ability of the combined company to compete in the highly competitive
banking and financial services industry; the impact of technological advances;
governmental and regulatory policy changes; the outcomes of contingencies;
trends in customer behavior as well as their ability to repay loans; changes
in local real estate values; changes in the national and local economies; and
other factors, including risk factors, disclosed from time to time in filings
made by Mercantile with the Securities and Exchange Commission. Mercantile
undertakes no obligation to update or clarify forward-looking statements,
whether as a result of new information, future events or otherwise.

SOURCE Mercantile Bank Corporation

Contact: AT MERCANTILE BANK CORPORATION: Michael Price, President & CEO,
616-726-1600,; Charles Christmas, Chief Financial Officer,
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