Mercantile Bank Corporation 3.25% 30-JAN-2032Mercantile Bank Corporation 3.25% 30-JAN-2032Mercantile Bank Corporation 3.25% 30-JAN-2032

Mercantile Bank Corporation 3.25% 30-JAN-2032

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Overview
Analysis

Key terms


Outstanding amount
‪21.35 M‬USD
Face value
1,000.00USD
Minimum denomination
100,000.00USD
Coupon
3.25% (Variable)
Coupon frequency
Semi-annual
Yield to maturity
Maturity date
Jan 30, 2032
Term to maturity
7 years

About Mercantile Bank Corporation 3.25% 30-JAN-2032


Sector
Finance
Industry
Regional Banks
Home page
Issue date
Dec 15, 2021
FIGI
BBG013ZHBM41
Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.
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