Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. The company is headquartered in Grand Rapids, Michigan and currently employs 662 full-time employees. The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. The company also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Petoskey, Michigan, Saginaw, Michigan, and Midland, Michigan. The company makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The company also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.
Follow-Up Questions
What is Mercantile Bank Corp (MBWM)'s P/E Ratio?
The P/E ratio of Mercantile Bank Corp is 9.5806
Who is the CEO of Mercantile Bank Corp?
Mr. Raymond Reitsma is the President of Mercantile Bank Corp, joining the firm since 2017.
What is the price performance of MBWM stock?
The current price of MBWM is 48.3, it has increased 0.03% in the last trading day.
What are the primary business themes or industries for Mercantile Bank Corp?
Mercantile Bank Corp belongs to Banking industry and the sector is Financials
What is Mercantile Bank Corp market cap?
Mercantile Bank Corp's current market cap is $784.9
Is Mercantile Bank Corp a buy, sell, or hold?
According to wall street analysts, 7 analysts have made analyst ratings for Mercantile Bank Corp, including 2 strong buy, 6 buy, 3 hold, 0 sell, and 2 strong sell
