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Displaying items by tag: Mercantile Bank Corp

Sunday, 28 October 2018 15:26

State extends funding to pair of capital funds

The Michigan Strategic Fund steered additional money into two capital funds that support high-tech startups and growing small businesses in the state.

The Invest Michigan Pre-Seed Fund II received $3 million to invest in startups through loans or equity. Grow Michigan LLC will receive $9.6 million for a second mezzanine-style fund that will provide loans to growing small businesses.

Published in Small Business

Mercantile Bank Corp. grew third quarter earnings by more than 20 percent compared to a year ago.

Published in Finance

Private equity firm Auxo Investment Partners has completed its fifth acquisition in 13 months with a deal for a Warren-based stamping manufacturer.

Published in Manufacturing

GRAND RAPIDS — Manufacturer Midway Rotary Die Solutions has sold to a West Michigan-based private equity firm.

Published in Breaking News

Mercantile Bank Corp. today reported higher earnings for the second quarter and first half of 2018.

Published in Breaking News

A pair of initiatives across Southwest Michigan have a similar goal: supporting entrepreneurs starting small businesses in their respective cities and urban cores. 

Published in Finance

Despite strong business optimism and continued economic expansion, bankers say they still see their West Michigan business clients taking a cautious approach to debt.

Published in Finance

A lower federal tax rate and collecting on problem commercial loans helped boost Mercantile Bank Corp.’s earnings for the first quarter.

Published in Breaking News

Executives at banks and credit unions across Michigan found common ground in advocating for legislation to ease federal regulations they say hurt smaller financial institutions and their ability to lend.

Published in Finance

Mercantile Bank recorded slightly lower earnings for 2017, although executives say they’re satisfied with the bank’s performance.

Published in Breaking News
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