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 provides 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 offers 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Home Page: www.mercbank.com
310 Leonard Street NW
Grand Rapids,
MI
49504
United States
Phone:
616 406 3000
Officers
| Name | Title |
|---|---|
| Mr. Raymond E. Reitsma | President, CEO & Director |
| Mr. Charles E. Christmas | Executive VP, CFO & Treasurer |
| Mr. Brett E. Hoover | Executive VP & Chief Human Resource Officer |
| Mr. Scott P. Setlock | Executive VP, COO & Secretary |
| Sonali D. Allen | Senior VP and Chief Compliance & Community Development Officer of Mercantile Bank |
| Mr. Mark S. Augustyn | Chief Commercial Banking Officer of Mercantile Bank |
| Mr. Jeff Kaiser | Senior VP & Head of Risk Management Department |
| Mr. Douglas J. Holtrop | Executive VP & Senior Lending Officer of Mercantile Bank |
| Tara M. Randall | Senior VP & Chief Retail Banking Officer of Mercantile Bank |
| Mr. Justin M. Karl | Executive VP & Senior Lending Officer of Mercantile Bank |
Exchange: F
Country: DE : Germany
Currency: Euro (€)
| GIC Sector: | Financials |
|---|---|
| GIC Group: | Banks |
| GIC Industry: | Banks |
| GIC Sub-Industry: | Regional Banks |
| Forward PE: | 11.0742 |
|---|---|
| Trailing PE: | 9.6375 |
| Price-to-Book MRQ: | 1.324 |
| Price-to-Sales TTM: | 3.497 |
| IPO Date: | |
| Fiscal Year End: | December |
| Full Time Employees: | 653 |