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Sunday, 10 July 2016 13:35

Two Michigan bank deals move ahead

Two large bank mergers affecting the Michigan market are progressing, with one securing shareholder approval and another awaiting a vote in the coming weeks.

Published in Finance

Chairman and CEO Mike Price told investors that the Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) remains open to M&A, and even a transaction similar to the $151.5 million “merger of equals” it completed in July 2014 with the former Firstbank Corp.

Published in Finance

Mercantile Bank Corp. recorded strong earnings growth for 2015, the first full year of results following the merger with the former Firstbank Corp.

Published in In the News

Mercantile Bank Corp. today reported substantially higher quarterly earnings, now a year after its merger with the former Firstbank Corp. and the related costs.

Published in In the News

The sale of the parent corporations for Founders Bank & Trust and The Bank of Holland are the latest deals in a merger trend across the banking industry in Michigan that M&A experts expect will only continue to occur in coming years.

Published in Finance
Tuesday, 21 April 2015 13:55

Mercantile reports strong first quarter

The Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) recorded for the first quarter net income of $6.46 million, or 41 cents per diluted share, which compares with $3.58 million and 41 cents per diluted share in the first quarter of 2014.

Published in In the News

With the integration of the former Firstbank Corp. nearly complete following the acquisition last summer, Mercantile Bank Corp. moved into 2015 targeting loan and revenue growth across a far broader market.

Published in Finance

Increased activity in 2014 sets the stage for more bank M&A in 2015.

Published in Crystal Ball

After successfully executing its first-ever merger this summer, Mercantile Bank Corp. remains open to further deals in the future.

Published in Finance

This summer’s merger with Firstbank Corp. drove up Mercantile Bank Corp.’s quarterly earnings.

Published in In the News
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