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Executives at Mercantile Bank expect there could be a period of organic growth ahead for the Grand Rapids-based company.

Published in Finance

As crowdfunding unfolds as an alternative for small businesses to raise startup funding, bankers are examining the role they can play in a new era of capital formation.

Published in Finance

The two banks announced approval of the $151.5 million stock transaction this afternoon. The combination of Mercantile and Firstbank will create the third-largest Michigan-based bank with 53 offices in the central and western Lower Peninsula.

Published in In the News

Federal regulators are close to deciding on Mercantile Bank Corp.’s delayed $151.5 million merger with Firstbank Corp.

Published in Finance

Costs tied to the delayed merger with Firstbank Corp. in Alma and lower margins on loans led to reduced quarterly earnings for Mercantile Bank Corp.

Published in In the News

Mercantile Bank Corp. and Alma-based Firstbank Corp. have extended their merger agreement for another three months. The agreement, if not executed by then, will now terminate on June 30, according to a Feb. 21 regulatory filing with the U.S. Securities and Exchange Commission.

Published in In the News

Even though business lending is still not at pre-recession levels, some banks in the West Michigan market saw continued growth and increased commercial activity over the last year.

Published in Finance

As real estate markets improved during this year, banks were able to further shed the foreclosed and repossessed properties they picked up during the recession.

Published in Commercial Real Estate

Mercantile Bank Corp. this morning reported strong net income of $3.5 million, or 40 cents per share, for the third quarter, which compares with $2.6 million, or 30 cents per share, in the same period a year ago.

Published in In the News

Commercial real estate developers in West Michigan could soon get some much needed relief from their struggles to access bank financing.

Published in Commercial Real Estate
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