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Home > Company Index > Banking > Banking - Midwest > Mercantile Bank Corporation

Mercantile Bank Corporation
Nasdaq: MBWM
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 NEWS FROM THE WIRES
Small bank stocks: Good bets but no longer bargains
Aug 23 2001 07:35 AM PDT

More WIRE STORIES about this company

 PROFILE
Mercantile Bank Corporation acts as the holding company for Mercantile Bank of West Michigan, which operates two branches located in Grand Rapids and Comstock Park, Michigan. Lacking the colonial empire befitting its name, Mercantile Bank targets only local customers and businesses, offering such standard retail banking services as checking and savings accounts, NOW accounts, money market accounts, and CDs. Lending activities consist mainly of commercial loans (more than 90% of the bank's loan portfolio). Subsidiary Mercantile Bank Mortgage originates residential mortgage loans.

 COMPETITION
BANK ONE CORPORATION (ONE)
Bank West Financial Corporation (BWFC)
Independent Bank Corporation (IBCP)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 38.00
1-Yr. Sales Growth: 61.0%
Employees: 74
Revenue per employee: $513,513.51

 KEY PEOPLE
• Gerald R. Johnson
    CEO
• Charles E. Christmas
    CFO

 CONTACT INFO
216 N. Division Ave.
Grand Rapids, MI 49503
US
Phone: 616-242-9000
Fax: 616-454-5815

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