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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

MBWM5320288 analysis


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Key facts


Issuer
Mercantile Bank Corp.
Issue date
Dec 15, 2021
Maturity date
Jan 30, 2032
Outstanding amount
‪21.35 M‬ USD
Face value
1,000.00 USD
Minimum denomination
100,000.00 USD
Coupon
3.25% (Variable)
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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