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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MBWM5406981 analysis



Key facts


Issue date
Apr 11, 2022
Maturity date
Jan 30, 2032
Outstanding amount
‪68.65 M‬USD
Face value
1,000.00USD
Minimum denomination
100,000.00USD
Coupon
3.25% (Variable)
Yield to maturity
7.14%
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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