Stock Detail
MERCANTILE BANK CORPORATION
Sector: Banking
Latest Quote @ Tue May 5 13:17:13 (15 min delayed)
| $16.97 |
$17.07 |
$17.07 |
+0.07 |
0.41% |
|
Last Day's Data
| $17.00 |
$17.11 |
$0.00 |
0.00% |
0.44 |
$17.05 |
| $17.05 |
$16.95 |
10,436.00 |
147.99M |
13,252.00 |
11.18 |
Pivot Table
| R2 |
R1 |
Pivot |
S1 |
S2 |
| 17.18 |
17.09 |
17.02 |
16.93 |
16.86 |
Stock Profile
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services primarily to small- to medium-sized businesses in west Michigan. The bank engages in generating deposits and originating loans. Its deposit products include demand, savings, time, and money market deposit accounts. The bank's loan portfolio comprises real estate construction and commercial loans, commercial loans, and consumer loans. It also offers automated teller machine, Internet banking, telebanking, and safe deposit facility services. Additionally, the bank underwrites private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as offers trust services. It primarily invests in the U.S. Government agency debt obligations, municipal general obligations, and mortgage-backed securities. As of December 31, 2004, the bank operated 7 branches in Michigan. The company was formed in 1997 and is based in Grand Rapids, Michigan.
