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 offers 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 provides 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Over the last 12 months, insiders at Mercantile Bank Corporation have bought $23,618 and sold $137,160 worth of Mercantile Bank Corporation stock.
On average, over the past 5 years, insiders at Mercantile Bank Corporation have bought $100,827 and sold $234,538 worth of stock each year.
Highest buying activity among insiders over the last 12 months: Sanchez Nelson F (director) — $23,618.
The last purchase of 139 shares for transaction amount of $4,990 was made by Sanchez Nelson F (director) on 2024‑06‑11.
2024-06-11 | Sanchez Nelson F | director | 139 0.0008% | $35.90 | $4,990 | +1.21% | ||
2024-06-10 | Sanchez Nelson F | director | 138 0.0009% | $36.10 | $4,982 | +1.75% | ||
2024-06-07 | Sanchez Nelson F | director | 135 0.0008% | $36.94 | $4,987 | +1.29% | ||
2024-06-06 | Sanchez Nelson F | director | 135 0.0008% | $37.10 | $5,009 | -0.95% | ||
2024-03-11 | Sanchez Nelson F | director | 100 0.0006% | $36.51 | $3,651 | +0.63% | ||
2023-07-26 | Sale | PRICE MICHAEL H | director | 4,000 0.0252% | $34.29 | $137,160 | +5.18% | |
2023-04-21 | RAMAKER DAVID B | director | 3,000 0.0189% | $28.98 | $86,940 | +20.27% | ||
2023-02-16 | Sale | Worthington Robert T. | SVP, CRO, SECRETARY, AND GC | 2,484 0.0155% | $34.75 | $86,319 | -3.21% | |
2023-01-20 | RAMAKER DAVID B | director | 1,500 0.0094% | $33.33 | $49,995 | +0.54% | ||
2022-08-18 | RAMAKER DAVID B | 3,000 0.0189% | $36.58 | $109,740 | -8.80% | |||
2022-01-26 | Sale | Wiersma Lonna | SVP, HUMAN RESOURCES DIRECTOR | 2,000 0.013% | $39.60 | $79,200 | -10.19% | |
2022-01-25 | Sale | PRICE MICHAEL H | director | 1,053 0.0066% | $39.04 | $41,109 | -11.86% | |
2022-01-24 | Sale | Wiersma Lonna | SVP, HUMAN RESOURCES DIRECTOR | 2,214 0.0139% | $38.42 | $85,058 | -10.43% | |
2022-01-21 | Sale | Worthington Robert T. | SVP, CRO, SECRETARY, AND GC | 3,000 0.0189% | $38.11 | $114,330 | -9.65% | |
2021-11-05 | Sale | Wiersma Lonna | SVP, HUMAN RESOURCES DIRECTOR | 2,500 0.0159% | $36.88 | $92,200 | -5.51% | |
2021-06-03 | Worthington Robert T. | COO, SECRETARY, SVP, AND GC | 3,431 0.0213% | $32.56 | $111,713 | +5.05% | ||
2020-12-01 | Sale | Worthington Robert T. | COO, SECRETARY, SVP, AND GC | 3,500 0.0218% | $25.04 | $87,655 | +31.06% | |
2020-05-07 | Eldridge Michelle Larabee | director | 1,000 0.0062% | $21.30 | $21,300 | +16.40% | ||
2020-04-24 | Sale | PRICE MICHAEL H | director | 8,000 0.0478% | $21.20 | $169,600 | +7.91% | |
2019-11-19 | Sale | Worthington Robert T. | COO, SECRETARY, SVP, AND GC | 2,500 0.0152% | $35.10 | $87,750 | -34.69% |
PRICE MICHAEL H | director | 30080 0.1877% | $38.24 | 4 | 13 | <0.0001% |
Sanchez Nelson F | director | 1032 0.0078% | $38.24 | 5 | 0 | |
SECOND CURVE CAPITAL LLC | 10 percent owner | 855995 5.3418% | $38.24 | 2 | 12 | <0.0001% |
HECHT DAVID M | director | 88018 0.5493% | $38.24 | 1 | 0 | +8.38% |
GILL C JOHN | director | 41545 0.2593% | $38.24 | 3 | 0 | <0.0001% |
MURDOCK CALVIN D | director | 25287 0.1578% | $38.24 | 1 | 1 | +5.13% |
KAMINSKI ROBERT B | COO, EXEC. V.P., SECRETARY | 24072 0.1502% | $38.24 | 1 | 2 | <0.0001% |
GRANT EDWARD B | director | 19043 0.1188% | $38.24 | 0 | 3 | |
CASSARD DAVID M | director | 16785 0.1047% | $38.24 | 15 | 1 | +9.65% |
SULLIVAN THOMAS R | director | 15947 0.0995% | $38.24 | 0 | 21 | |
Faas Michael D | director | 11700 0.073% | $38.24 | 2 | 0 | +30.33% |
Schad Timothy O | director | 11025 0.0688% | $38.24 | 6 | 0 | <0.0001% |
RAMAKER DAVID B | director | 10394 0.0649% | $38.24 | 3 | 0 | +4% |
LARSEN LAWRENCE W | director | 9067 0.0566% | $38.24 | 5 | 1 | <0.0001% |
Worthington Robert T. | SVP, CRO, SECRETARY, AND GC | 8815 0.055% | $38.24 | 1 | 4 | +5.05% |
HAYES DOYLE A | director | 7875 0.0491% | $38.24 | 26 | 1 | <0.0001% |
Prins Merle J | director | 7312 0.0456% | $38.24 | 7 | 2 | <0.0001% |
JONES SUSAN K | director | 6851 0.0428% | $38.24 | 9 | 1 | <0.0001% |
Eldridge Michelle Larabee | director | 6750 0.0421% | $38.24 | 1 | 0 | +16.4% |
GARDNER JEFF A | director | 6000 0.0374% | $38.24 | 0 | 1 | |
BURTON BETTY S | director | 3850 0.024% | $38.24 | 10 | 3 | <0.0001% |
WILLIAMS DONALD SR | director | 2787 0.0174% | $38.24 | 10 | 0 | <0.0001% |
STONE SAMUEL G | EXECUTIVE VICE PRESIDENT | 2367 0.0148% | $38.24 | 0 | 1 | |
Posthumus Richard Earl | director | 2000 0.0125% | $38.24 | 1 | 0 | +93.91% |
Agerson Kirk | director | 1205 0.0075% | $38.24 | 4 | 0 | +19.72% |
Donnelly John F | director | 1200 0.0075% | $38.24 | 1 | 0 | +12.95% |
CLARK EDWARD J | director | 385 0.0024% | $38.24 | 25 | 1 | +9.11% |
CHRISTMAS CHARLES E | Senior V.P. & CFO | 300 0.0019% | $38.24 | 4 | 0 | <0.0001% |
VISSER DALE J | director | 0 0% | $38.24 | 14 | 1 | +0.32% |
Wiersma Lonna | SVP, HUMAN RESOURCES DIRECTOR | 0 0% | $38.24 | 0 | 5 |
BlackRock | $57.86M | 9.32 | 1.5M | -3.32% | -$1.99M | <0.01 | |
Dimensional Fund Advisors | $44.73M | 7.21 | 1.16M | +0.91% | +$404,568.39 | 0.01 | |
The Vanguard Group | $31M | 5 | 805,334 | +2.76% | +$831,999.85 | <0.01 | |
Renaissance Technologies | $20.12M | 3.24 | 522,813 | -2.9% | -$600,441.84 | 0.03 | |
State Street | $17.4M | 2.81 | 452,146 | +12.78% | +$1.97M | <0.01 | |
Banc Funds Co Llc | $15.19M | 2.45 | 394,729 | -16.29% | -$2.96M | 2.16 | |
North Star Asset Management Inc | $13.91M | 2.24 | 361,274 | -0.29% | -$39,837.15 | 0.7 | |
Geode Capital Management | $13.41M | 2.16 | 348,333 | +3.7% | +$478,447.19 | <0.01 | |
American Century Investments | $10.06M | 1.62 | 261,321 | +23.83% | +$1.94M | 0.01 | |
Tributary Capital Management | $9.54M | 1.54 | 247,727 | -20.93% | -$2.52M | 0.79 | |
LSV Asset Management | $8.68M | 1.4 | 225,404 | +5.98% | +$489,835.03 | 0.02 | |
Charles Schwab | $7.64M | 1.23 | 198,416 | -0.31% | -$24,056.25 | <0.01 | |
Northern Trust | $7.07M | 1.14 | 183,776 | -5.54% | -$415,191.62 | <0.01 | |
First Trust | $5.55M | 0.89 | 144,106 | +195.26% | +$3.67M | 0.01 | |
Allianz Asset Management Gmbh | $4.57M | 0.74 | 118,831 | New | +$4.57M | 0.01 | |
BNY Mellon | $4.52M | 0.73 | 117,365 | -3.69% | -$173,166.86 | <0.01 | |
Mercer Global Advisors Inc Adv | $4.33M | 0.7 | 112,377 | 0% | +$0 | 0.01 | |
Stieven Capital Advisors L P | $3.7M | 0.6 | 96,196 | -49.15% | -$3.58M | 0.77 | |
Bridgeway Capital Management | $3.61M | 0.58 | 93,837 | +3.87% | +$134,714.99 | 0.07 | |
Morgan Stanley | $3.45M | 0.56 | 89,749 | -18.02% | -$759,313.33 | <0.0001 | |
Oberweis Asset Management Inc | $3.44M | 0.55 | 89,328 | +4.7% | +$154,460.20 | 0.25 | |
AQR Capital | $3.22M | 0.52 | 83,553 | +79.13% | +$1.42M | 0.01 | |
JPMorgan Chase | $3.06M | 0.49 | 79,466 | +22.57% | +$563,185.80 | <0.0001 | |
Hillsdale Investment Management Inc. | $3.04M | 0.49 | 79,046 | +8.51% | +$238,637.96 | 0.25 | |
Royal Bank of Canada | $2.9M | 0.47 | 75,399 | -18.66% | -$665,812.27 | <0.01 | |
Hotchkis & Wiley Capital Management | $2.73M | 0.44 | 71,050 | -44.77% | -$2.22M | 0.01 | |
Assenagon Asset Management S.A. | $2.68M | 0.43 | 69,641 | -1.63% | -$44,340.48 | 0.01 | |
Arrowstreet Capital, Limited Partnership | $2.53M | 0.41 | 65,654 | New | +$2.53M | <0.01 | |
Jvl Associates Llc | $2.39M | 0.39 | 62,015 | 0% | +$0 | 0.98 | |
Goldman Sachs | $2.35M | 0.38 | 60,972 | +55.34% | +$836,041.55 | <0.0001 | |
Invesco | $2.15M | 0.35 | 55,816 | +66.37% | +$857,018.01 | <0.0001 | |
Empowered Funds Llc | $1.79M | 0.29 | 46,537 | +8.13% | +$134,714.99 | 0.03 | |
John W Rosenthal Capital Management Inc | $1.73M | 0.28 | 45,000 | 0% | +$0 | 2.59 | |
Envestnet Asset Management Inc | $1.7M | 0.27 | 44,251 | -7.89% | -$145,953.48 | <0.01 | |
Brandywine Global Investment Management | $1.68M | 0.27 | 43,638 | -0.75% | -$12,701.70 | 0.01 | |
Bank of America | $1.49M | 0.24 | 38,647 | -26.55% | -$537,787.69 | <0.0001 | |
LaFleur & Godfrey LLC | $1.38M | 0.22 | 35,858 | -3.55% | -$50,768.11 | 0.2 | |
Thrivent Financial For Lutherans | $1.37M | 0.22 | 35,688 | +80.8% | +$614,041.86 | <0.01 | |
Nuveen | $1.27M | 0.21 | 33,121 | 0% | +$0 | <0.0001 | |
Millennium Management LLC | $1.26M | 0.2 | 32,789 | -31.89% | -$591,014.13 | <0.01 | |
Swiss National Bank | $1.22M | 0.2 | 31,600 | 0% | +$0 | <0.01 | |
Wells Fargo | $1.18M | 0.19 | 30,615 | -11.32% | -$150,498.03 | <0.0001 | |
Cornercap Investment Counsel Inc | $1.13M | 0.18 | 29,454 | 0% | +$0 | 0.18 | |
Barclays | $1.05M | 0.17 | 27,341 | -15.82% | -$197,733.37 | <0.0001 | |
RhumbLine Advisers | $949,381.00 | 0.15 | 24,666 | +2.65% | +$24,556.28 | <0.01 | |
Ameriprise Financial | $932,035.00 | 0.15 | 24,215 | -25.53% | -$319,466.88 | <0.0001 | |
Los Angeles Capital Management LLC | $930,804.00 | 0.15 | 24,183 | +0.45% | +$4,156.92 | <0.01 | |
Teacher Retirement System of Texas | $917,000.00 | 0.15 | 23,837 | +171.37% | +$579,082.98 | 0.01 | |
ClariVest Asset Management LLC | $902,745.00 | 0.15 | 23,454 | +0.72% | +$6,427.83 | 0.09 | |
Buckingham Strategic Partners | $882,845.00 | 0.14 | 22,937 | +82.84% | +$399,988.02 | 0.05 |