Craft

Mercantile Bank

Stock Price

$43.8

2024-10-29

Market Capitalization

$714.9 M

2024-10-29

Revenue

$41.6 M

FY, 2025

Mercantile Bank Summary

Company Summary

Overview
Mercantile Bank operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for small- to medium-sized businesses and individuals. It accepts various deposit products, including checking, savings and term certificate accounts, time deposits, certificates of deposit, as well as repurchase agreements. The Company also offers commercial and industrial loans, vacant land, land development, residential construction loans, owner occupied real estate, non-owner occupied real estate, multi-family and residential rental property loans, single-family residential real estate loans, home equity line of credit programs, and consumer loans, such as loans for new and used automobiles, boats and credit cards, as well as overdraft protection for its checking account customers.
Type
Public
Status
Active
Founded
1997
HQ
Grand Rapids, MI, US | view all locations
Website
https://www.mercbank.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Mark Augustyn

    Mark Augustyn, Chief Lending Officer

    • Nancy Turtle

      Nancy Turtle, Kalamazoo Community Bank President

      • Pete Stalker

        Pete Stalker, Community Bank President

        Operating MetricsView all

        ATMs

        49
        2.1%

        FY, 2016

        Non-performing Loans

        $6.5M
        24.8%

        Q2, 2017

        Total Loans

        $2.5B
        6.2%

        Q2, 2017

        LocationsView all

        1 location detected

        • Grand Rapids, MI HQ

          United States

          310 Leonard St NW

        Mercantile Bank Financials

        Summary Financials

        Revenue (Q1, 2026)
        $11.7M
        Net income (Q1, 2026)
        $22.7M
        Cash (Q1, 2026)
        $48.4M

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