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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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Key terms


Outstanding amount
‪68.65 M‬ USD
Face value
1,000.00 USD
Minimum denomination
100,000.00 USD
Coupon
3.25% (Variable)
Coupon frequency
Semi-annual
Yield to maturity
6.49%
Maturity date
Jan 30, 2032
Term to maturity
7 years

About Mercantile Bank Corporation 3.25% 30-JAN-2032


Issuer
Mercantile Bank Corp.
Sector
Finance
Industry
Regional Banks
Home page
mercbank.com
Issue date
Apr 11, 2022
FIGI
BBG01731BWW9
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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