Description: Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides financial products and services primarily to small-to medium-sized businesses, individuals, and governmental units. The company offers various deposit products, including checking accounts, savings deposits, money market accounts, certificates of deposit, demand deposits, time deposits, and security repurchase agreements. Its loan portfolio comprises secured and unsecured commercial loans, such as loans and leases for working capital, accounts receivable financing, and machinery and equipment acquisition; commercial real estate financing loans consisting of new construction and land development; single-family residential real estate loans; home equity line of credit programs; multi-family and residential rental property loans; 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 April 16, 2013, it operated seven full-service banking offices in Grand Rapids, Holland, and Lansing areas in Michigan. Mercantile Bank Corporation also operates seven automated teller machines. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.
Home Page: www.mercbank.com
MBWM Technical Analysis
310 Leonard Street NW
Grand Rapids,
MI
49504
United States
Phone:
616 406 3000
Officers
| Name | Title |
|---|---|
| Mr. Robert B. Kaminski Jr. | Pres, CEO & Director |
| Mr. Charles E. Christmas | Exec. VP, CFO & Treasurer |
| Mr. Raymond E. Reitsma | Exec. VP & COO |
| Mr. Robert T. Worthington | Sr. VP, Chief Risk Officer, Gen. Counsel & Sec. |
| Mr. Brett Hoover | Human Resource Director & Sr. VP |
| Mr. Mark S. Augustyn | Sr. VP & Chief Lending Officer of Mercantile Bank of Michigan |
| Mr. Jeff Kaiser | Sr. VP & Head of Risk Management Department |
Exchange: NASDAQ
Country: US
Currency: US Dollar ($)
| GIC Sector: | Financials |
|---|---|
| GIC Group: | Banks |
| GIC Industry: | Banks |
| GIC Sub-Industry: | Regional Banks |
| Forward PE: | 7.6923 |
|---|---|
| Trailing PE: | 10.5714 |
| Price-to-Book MRQ: | 1.2609 |
| Price-to-Sales TTM: | 2.8835 |
| IPO Date: | 1997-08-07 |
| Fiscal Year End: | December |
| Full Time Employees: | 635 |