Mercantile Bank provided debt financing and Muzinich & Co. provided debt and equity financing to support Blackford Capital’s investment in Aqua-Leisure Industries, a developer of water sport leisure products and aquatic goods.
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 of Michigan named Nancy K. Turtle the community bank president for the Kalamazoo/Southwest Michigan market.
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 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.