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Last $20.00 USD
Change Today -0.67 / -3.24%
Volume 35.8K
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

mercantile bank corp (MBWM) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/1/14 - $23.58
52 Week Low
04/25/14 - $16.72
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for MERCANTILE BANK CORP (MBWM)

mercantile bank corp (MBWM) Related Businessweek News

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mercantile bank corp (MBWM) Details

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for businesses, individuals, and governmental units. 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 secured and unsecured commercial loans comprising commercial and industrial, vacant land, land development and residential construction, 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, credit cards, and overdraft protection. In addition, the company 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 of July 22, 2014, it operated 53 banking offices in central and western Michigan. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.

550 Employees
Last Reported Date: 03/10/15
Founded in 1997

mercantile bank corp (MBWM) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $474.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $255.0K
Chief Operating Officer,Executive Vice Presid...
Total Annual Compensation: $305.0K
Compensation as of Fiscal Year 2013.

mercantile bank corp (MBWM) Key Developments

Mercantile Bank Corp. Announces Amendments to Articles of Incorporation

The Board of Directors of Mercantile Bank Corp. adopted amended and restated Bylaws of the company at its Board meeting on February 26, 2015. The Amended and Restated Bylaws are effective as of February 26, 2015, The amendments to the previous Bylaws of the company consisted of the following: Article II, Section 2 was revised to provide that the annual meeting of shareholders will be held within five months of the end of the fiscal year of the Company, with the date, time and place of the meeting, if any, to be determined by the Board. The Bylaws previously provided that the annual meeting of shareholders would be held in April of each year. This amendment is intended to give the Board more flexibility in scheduling the annual meeting of shareholders and Ministerial amendments were made to Article I, Section 1 and Article II, Section 1 of the Bylaws to reflect the change of the principal office of the Company from Wyoming, Michigan to Grand Rapids, Michigan.

Mercantile Bank Corp., Board Meeting, Feb 26, 2015

Mercantile Bank Corp., Board Meeting, Feb 26, 2015. Agenda: To consider the Amended and Restated Bylaws.

Mercantile Bank Seeks Acquisitions

Michael Price, President and Chief Executive Officer of Mercantile Bank Corp. (NASDAQ:MBWM) announced that with successful integration of the Mercantile/Firstbank merger, the company continues to execute it's growth strategy, both organically and possibly through strategic acquisitions.


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Industry Analysis


Industry Average

Valuation MBWM Industry Range
Price/Earnings 16.2x
Price/Sales 3.9x
Price/Book 1.1x
Price/Cash Flow 20.1x
TEV/Sales NM Not Meaningful

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