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Mercantile Bank Corp. today reported higher earnings to end 2016, driven by strong loan growth.

Published in In the News

Of all the issues Greg Carmichael deals with each day, trust and reputation are the ones that concern him the most.

Published in Finance

Mercantile Bank Corp. grew earnings by nearly 7 percent in the third quarter while recording strong loan growth.

Published in In the News

GRAND RAPIDS — The recently announced leadership transition at Mercantile Bank Corp. has been in the works for years and should provide continuity going from one CEO to another, executives say.

Published in Finance
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

Stock prices of West Michigan’s publicly traded companies tumbled on Friday as Wall Street succumbed to the uncertainty caused by the U.K.’s decision to exit the European Union.

Published in In the News
Sunday, 01 May 2016 09:36

MiBiz Growth Report: May 2, 2016

Here is the MiBiz Growth Report for May 2, 2016.

  • M&A: Brad Davis and Lynne Bosgraaf, both formerly executive team members at Grand Haven-based Light Corp., have acquired Ram Electronics Inc., a manufacturer in Fruitport of printed circuit boards, custom wire harnesses and other components. The deal came about as Ram’s previous owner, Don Neidlinger, looked to retire. Zeeland-based Rua Associates LLC advised Davis and Bosgraaf on the deal, the terms of which were not disclosed. The executives partnered with Mercantile Bank Corp. to structure a loan through the Michigan Economic Development Corp.’s collateral support program. The program provides collateral to fund down payments on expansions or mergers and acquisitions.
  • M&A: Lansing-based Neogen Corp., a manufacturer of food and animal safety products, acquired Brazil-based Deoxi Biotecnologia Ltda, an operator of an animal genomics laboratory, according to a statement. Terms of the deal were not disclosed. Deoxi’s management and staff will remain with the company.
Published in In the News

When Mike Price and his colleagues formed Mercantile Bank Corp. nearly 20 years, they faced a vastly different landscape versus what exists today.

Published in Finance

Two former office furniture executives hope to leverage their collective experience as they start on a new business venture in West Michigan.

Published in In the News

Mercantile Bank Corp. today reported higher earnings and strong lending growth for the first quarter.

Published in In the News
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