Mercantile Bank Corporation — Company profile
Financials · Banks - Regional · United States
Last price 60.65 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.05B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Company profile
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It 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; 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, the company offers courier services and safe deposit boxes; 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. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Details
| Name | Mercantile Bank Corporation |
| Sector | Financials |
| Industry | Banks - Regional |
| Employees | 812 |
| Founded | 1997 |
| Ipo Date | 1997-08-07 |
| Ceo | Raymond Reitsma |
| Country | United States |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| Isin | US5873761044 |
| Cusip | 587376104 |
| Cik | 0001042729 |
| Sic | 6022 |
| Stock Type | Common Stock |
Key executives
| Name | Title |
|---|---|
| Raymond E. Reitsma | President, Chief Executive Officer and Director |
| Charles E. Christmas | Executive Vice President, Chief Financial Officer and Treasurer |
| Scott P. Setlock | Executive Vice President, Chief Operating Officer and Secretary |
| Brett E. Hoover | Executive Vice President and Chief Human Resource Officer |
| Mark S. Augustyn | Executive Vice President and Chief Commercial Banking Officer of the Mercantile Bank |
| Sonali D. Allen | Senior Vice President and Chief Compliance and Community Development Officer of Mercantile Bank |
| Jeff Kaiser | Senior Vice President and Head of Risk Management Department |
| Douglas J. Holtrop | Executive Vice President and Senior Lending Officer of Mercantile Bank |
| Tara M. Randall | Executive Vice President and Chief Experience Officer of Mercantile Bank |
| Justin M. Karl | Executive Vice President and Senior Lending Officer of Mercantile Bank |
Contact
| Address | 310 Leonard Street NW, Grand Rapids, Michigan 49504, United States |
| Phone | 616 406 3000 |
| Website | https://www.mercbank.com |