Mercantile Bank Reports Strong Third Quarter 2019 Results

Mercantile Bank reported net income of $12.6 million for the third quarter of 2019, compared with net income of $10.1 million for the respective prior-year period.

Mercantile Bank Names Turtle President for Kalamazoo/SW Michigan

Mercantile Bank of Michigan named Nancy K. Turtle the community bank president for the Kalamazoo/Southwest Michigan market.

Gintsis to Lead New Mercantile Loan Office in SE Michigan

Mercantile Bank is opening a commercial loan office in Troy, MI. Violet Gintsis was named community bank president.

SunTrust-Led Group Provides $260MM to Private Aircraft FBO

Private aircraft FBO Sheltair obtained a $60 million credit line and a $200 million credit facility from a group of lenders led by SunTrust Bank.

Mercantile Bank, Firstbank to Merge

Mercantile Bank and Firstbank jointly announced the signing of a definitive merger agreement. The implied transaction value is $18.77 per share or approximately $151.5 million.