About Mercantile Bank of Michigan
Mercantile Bank of Michigan is a company based in Grand Rapids (United States) founded in 1997.. The company has 648 employees as of December 31, 2024. Mercantile Bank of Michigan offers products and services including Online Banking, Mortgage Loans, Business Checking, and Savings Accounts. Mercantile Bank of Michigan operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Grand Rapids, United States
- Employees 648 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Mercantile Bank Corporation
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Annual Revenue
$371.8 M0as on Dec 31, 2025
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Net Profit
$88.75 M0as on Dec 31, 2025
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
648
as on Dec 31, 2024
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IPO & Listings of Mercantile Bank of Michigan
Mercantile Bank of Michigan is a publicly listed company on the NASDAQ with ticker symbol MBWM in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Mercantile Bank of Michigan
Mercantile Bank of Michigan offers a comprehensive portfolio of products and services, including Online Banking, Mortgage Loans, Business Checking, and Savings Accounts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing accounts, payments, and transactions securely.
Loans for home purchases with personalized rate quotes and pre-qualification.
Accounts for business transactions and cash management.
Accounts for personal savings with certificates of deposit options.
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Leadership Team
39 people
Software Development Team
31 people
Commercial Team
20 people
Sales and Marketing
20 people
Human Resources and Administration
7 people
Operations Team
4 people
Finance and Accounting
3 people
Business Team
3 people
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Funding Insights of Mercantile Bank of Michigan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Mercantile Bank of Michigan
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mercantile Bank of Michigan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mercantile Bank Of Michigan Comparisons
Competitors of Mercantile Bank of Michigan
Mercantile Bank of Michigan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mercantile Bank Of Michigan
Frequently Asked Questions about Mercantile Bank of Michigan
When was Mercantile Bank of Michigan founded?
Mercantile Bank of Michigan was founded in 1997.
Where is Mercantile Bank of Michigan located?
Mercantile Bank of Michigan is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
Who is the current CEO of Mercantile Bank of Michigan?
Robert Kaminski is the current CEO of Mercantile Bank of Michigan.
How many employees does Mercantile Bank of Michigan have?
As of Dec 31, 2024, the latest employee count at Mercantile Bank of Michigan is 648.
What is the annual revenue of Mercantile Bank of Michigan?
Annual revenue of Mercantile Bank of Michigan is $371.8M as on Dec 31, 2025.
What does Mercantile Bank of Michigan do?
The Mercantile Bank of Michigan was established in 1997 in Grand Rapids, United States, as a financial institution specializing in fund of funds investments. Operations center on providing capital to middle-market companies through diversified fund strategies. Services include investment management and banking support tailored to this sector. Leadership is provided by CEO and President Robert Kaminski, with activities primarily conducted in the United States.
Who are the top competitors of Mercantile Bank of Michigan?
What products or services does Mercantile Bank of Michigan offer?
Mercantile Bank of Michigan offers Online Banking, Mortgage Loans, Business Checking, and Savings Accounts.
Is Mercantile Bank of Michigan publicly traded?
Yes, Mercantile Bank of Michigan is publicly traded on NASDAQ under the ticker symbol MBWM.
What is Mercantile Bank of Michigan's ticker symbol?
The ticker symbol of Mercantile Bank of Michigan is MBWM on NASDAQ.