Mercantile Bank
Grand Rapids, Puerto Rico, United States · Banking, Finance, Financial Services
Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services and to contribute socio-economic development of the country. The Bank commenced its operation on June 2, 1999.
Key facts
- Headquarters
- Grand Rapids, Puerto Rico, United States
- Employees
- 2,700
- Industries
- Banking, Finance, Financial Services
- Status
- Public (MBWM)
- Website
- http://www.mercbank.com/
- Company page
Recent activity at Mercantile Bank
- : SEC 8-K (5.02): On September 24, 2026, Mercantile Bank Corporation's Board of Directors approved the Mercantile Bank Corporation/Mercantile Bank 2026-2027 Merger Integration and Core Conversion Bonus Plan, which allows for discretionary cash bonus awards to eligible employees, including executive officers, for their work on the integration of the merger with Eastern Michigan Bank and the conversion to Jack Henry's digital banking systems. The total bonus pool for this plan is $3,000,000, which signifies a strategic commitment to the successful merger and operational transition.
- : SEC 8-K (2.02): On July 21, 2026, Mercantile Bank Corporation announced its earnings and other financial results for the quarter ended June 30, 2026. The company issued a press release detailing these results, which is included as an exhibit in the 8-K filing. This announcement is pivotal as it provides insights into the company's financial performance and may affect its stock valuation and investor confidence. The earnings report includes key financial metrics such as revenue, net income, and year-over-year comparisons, which are critical for stakeholders' evaluations.
- : SEC 8-K (2.02): On April 21, 2026, Mercantile Bank Corporation announced its financial results for the quarter ended March 31, 2026, through a press release. This included details about their earnings performance which are crucial for shareholders and investors. The announcement is part of their ongoing communication strategy, reflecting the Company's financial condition and operational results. The presentation materials for the earnings call will also be utilized for discussions with potential investors and other stakeholders, highlighting the Company’s strategic outlook and operational performance.
- : SEC 8-K (5.02): On March 19, 2026, Mercantile Bank Corporation and its wholly-owned subsidiary adopted an executive officer bonus plan for the year 2026. This plan grants cash bonuses to key executives including Raymond E. Reitsma (President and CEO), Charles E. Christmas (CFO), and Mark S. Augustyn (Chief Commercial Banking Officer). Specific financial amounts for the bonuses have not been detailed in the filing. The adoption of this plan reflects the company's strategy to align executive compensation with performance objectives and encourage leadership retention.
- : SEC 8-K (4.02): On January 20, 2026, Mercantile Bank Corporation issued an amended 8-K filing to correct performance metrics related to overhead costs and fee income for its financial results in the fourth quarter ended December 31, 2025. The amendment rectifies inaccuracies found in the original presentation materials, specifically on slide 26 of the report. The corrections impact the reported financial data that the Company will present during a scheduled conference call on the same day. This amendment is crucial for shareholders and market analysts as it clarifies the Company’s operational and financial performance metrics for the upcoming quarters, ensuring accurate information is disseminated.
- : SEC 8-K (2.01): On January 20, 2026, Mercantile Bank Corporation announced its earnings and financial results for the quarter and year ended December 31, 2025. The release includes significant details regarding the Company’s operational performance, reflecting strategic adjustments made over the past year. Additionally, the corporation plans to discuss these results in a conference call scheduled for the same day at 10:00 AM Eastern Time. This release is a critical update for investors and stakeholders who rely on accurate financial disclosures to assess the bank's performance and make informed decisions. The financial results highlight key metrics that may impact stock performance and shareholder value.
- : Mercantile Bank acquires Eastern Michigan Financial
- : Mercantile Bank Corporation Forms Partnership with Eastern Michigan Financial Corporation to Strengthen Strategic Goals.
- : Mercantile Bank PLC Appoints Dr. Md. Zahid Hossain as Deputy Managing Director and Chief Business Officer
- : Mercantile Bank Announces Executive Resignations and Appointments
Mercantile Bank funding history
| Date | Round | Amount |
|---|---|---|
| Jan 2022 | Debt Financing | $15.0M |
Leadership
- Stacey Beers, Vice President - Mortgage Loan Officer
- Charles E. Christmas, Chief Financial Officer
- Raymond E. Reitsma, President
- Bob Worthington, Chief Risk Officer & General Counsel
- Md. Zahid Hossain, Chief Business Officer
- Scott P. Setlock, Executive Vice President
- Raymond E. Reitsma, President
Verified email and direct lines for Mercantile Bank’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Mercantile Bank files 3 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Mercantile Bank in the news
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About Mercantile Bank: questions and answers
What does Mercantile Bank do?
Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services and to contribute socio-economic development of the country. The Bank commenced its operation on June 2, 1999.
Where is Mercantile Bank headquartered?
Mercantile Bank is headquartered in Grand Rapids, Puerto Rico, United States.
How many employees does Mercantile Bank have?
Mercantile Bank has about 2,700 employees.
Has Mercantile Bank raised funding?
Yes. Fundz has recorded 1 funding event for Mercantile Bank. The most recent, Debt Financing of $15.0M, was in Jan 2022.
Who leads Mercantile Bank?
Stacey Beers is a Vice President - Mortgage Loan Officer at Mercantile Bank.
What is the latest news on Mercantile Bank?
On Sep 25, 2026, SEC 8-K (5.02): On September 24, 2026, Mercantile Bank Corporation's Board of Directors approved the Mercantile Bank Corporation/Mercantile Bank 2026-2027 Merger Integration and Core Conversion Bonus Plan, which allows for discretionary cash bonus awards to eligible employees, including executive of
Is Mercantile Bank a public company?
Yes. Mercantile Bank is publicly traded under the ticker MBWM.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy