Mercantile Bank Corporation (MCS.F)

33.20 -0.20 (-0.60%) As of 08:04AM CEST. Market open.

Mercantile Bank Corporation

310 Leonard Street NW
Grand Rapids, MI 49504
United States
616 406 3000
https://www.mercbank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 642

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Robert B. Kaminski Jr.	President, CEO & Director	1.05M	N/A	1962
Mr. Charles E. Christmas	Executive VP, CFO & Treasurer	585.05k	N/A	1966
Mr. Brett E. Hoover	Executive VP & Chief Human Resource Officer	303.3k	N/A	1971
Mr. Raymond E. Reitsma	Executive VP & Director	765.57k	N/A	1963
Mr. Scott P. Setlock	Executive VP, COO & Secretary	N/A	N/A	1982
Mr. Mark S. Augustyn	Chief Commercial Banking Officer of Mercantile Bank	N/A	N/A	N/A
Mr. Jeff Kaiser	Senior VP & Head of Risk Management Department	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Corporate governance

Mercantile Bank Corporation’s ISS governance QualityScore as of 1 April 2024 is 4. The pillar scores are Audit: 1; Board: 5; Shareholder rights: 6; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.