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MERCANTILE BANK CORP — fact timeline

Source-grounded facts extracted from MERCANTILE BANK CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MBWM MERCANTILE BANK CORP JSON
Shareholder Votes

MERCANTILE BANK CORP shareholders approved Advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement for the Annual Meeting at the 2026-05-21 meeting.

“The votes cast on the advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement for the Annual Meeting were as follows: Votes For Votes Against Abstentions Broker Non-Votes 10,539,827 323,243 224,563 2,447,511”
Shareholder Votes

MERCANTILE BANK CORP shareholders approved Ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2026 at the 2026-05-21 meeting.

“The votes cast on the ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2026 were as follows: Votes For Votes Against Abstentions 13,471,113 54,526 9,505”
Earnings Releases

MERCANTILE BANK CORP reported the first quarter of 2026 results: revenue $67.6 million, net income $22.7 million, EPS $1.32 per diluted share.

“robust local deposit growth ● Strong tangible and regulatory capital positions Operating Results Net revenue, consisting of net interest income and noninterest income, was $67.6 million during the first quarter of 2026, up $10.3 million, or 18.1 percent, from $57.3 million during the prior-year first quarter. Net interest income during the first three months of”
Material Agreements

MERCANTILE BANK CORP entered into Credit Agreement with U.S. Bank National Association valued at $30.0 million (effective 2025-12-24).

“On December 24, 2025, Mercantile Bank Corporation, a Michigan corporation (“Mercantile”) entered into a Credit Agreement (the “Credit Agreement”) with U.S. Bank National Association, a national banking association. The Credit Agreement is for a $30.0 million term loan to fund the purchase price and related expenses of the Merger (defined below) and for working capital purposes.”
Debt Financings

MERCANTILE BANK CORP incurred term loan of $30.0 million with U.S. Bank National Association at 1.70% plus the greater of (a) zero percent (0.0%) and (b) the one-month forward- maturing December 24, 2028.

“On December 24, 2025, Mercantile Bank Corporation, a Michigan corporation (“Mercantile”) entered into a Credit Agreement (the “Credit Agreement”) with U.S. Bank National Association, a national banking association. The Credit Agreement is for a $30.0 million term loan to fund the purchase price and related expenses of the Merger (defined below) and for working capital purposes. The term loan bears interest at an annual rate equal to 1.70% plus the greater of (a) zero percent (0.0%) and (b) the one-month forward-looking term rate based on SOFR. Interest and principal are payable beginning March 15, 2026, and on the same date of each third month thereafter, plus a final payment equal to all unpaid interest and principal. Principal shall be paid in installments of $2.5 million each. The term loan matures on December 24, 2028.”

Scott P. Setlock was appointed as Executive Vice President, Chief Operating Officer, and Secretary at MERCANTILE BANK CORP.

“Scott P. Setlock has been appointed as EVP, COO, and Secretary of Mercantile and as Secretary of the Bank.”

Raymond E. Reitsma was appointed as President and Chief Executive Officer at MERCANTILE BANK CORP.

“Raymond E. Reitsma has resigned as Executive Vice President (“EVP”) and Chief Operating Officer (“COO”) of Mercantile, and has been appointed as President and CEO of Mercantile and CEO of the Bank.”

Robert B. Kaminski, Jr. retired as President and Chief Executive Officer at MERCANTILE BANK CORP.

“Robert B. Kaminski, Jr. has retired as President and Chief Executive Officer (“CEO”) of Mercantile and as CEO of Mercantile’s wholly owned subsidiary, Mercantile Bank (the “Bank”).”
Earnings Releases

MERCANTILE BANK CORP reported the quarter ended March 31, 2024 results: revenue $58.2 million, net income $21.6 million, EPS $1.34 per diluted share.

“assets, past due loans, and loan charge-offs ● Strong capital position Operating Results Total revenue, consisting of net interest income and noninterest income, was $58.2 million during the first quarter of 2024, up $2.9 million, or 5.2 percent, from $55.3 million during the prior-year first quarter. Net interest income during the first three months of”

Nelson F. Sanchez was appointed as Director at MERCANTILE BANK CORP.

“On March 8, 2024, the Board of Directors (the "Board") of Mercantile Bank Corporation (“Mercantile”) increased its size from eight to nine members and appointed Nelson F. Sanchez to fill the vacancy.”
Earnings Releases

MERCANTILE BANK CORP reported full-year 2023 results: revenue $226 million during 2023, net income $82.2 million, or $5.13 per diluted share, for the full-year 2023.

“For the full-year 2023, Mercantile reported net income of $82.2 million, or $5.13 per diluted share, compared with net income of $61.1 million, or $3.85 per diluted share, for the full-year 2022.”
Earnings Releases

MERCANTILE BANK CORP reported the quarter and year ended December 31, 2023 results: net income $20.0 million, or $1.25 per diluted share, for the fourth quarter of 2023.

“Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results”
Earnings Releases

MERCANTILE BANK CORP reported the quarter ended September 30, 2023 results: revenue $58.2 million, net income $20.9 million, or $1.30 per diluted share, EPS $1.30 per diluted share.

“assets, past due loans, and loan charge-offs ● Strong capital position Operating Results Total revenue, consisting of net interest income and noninterest income, was $58.2 million during the third quarter of 2023, up $8.6 million, or 17.2 percent, from $49.6 million during the prior-year third quarter. Net interest income during the third quarter of 2023”

Raymond E. Reitsma was appointed as President and Chief Executive Officer at MERCANTILE BANK CORP.

“Raymond E. Reitsma will be appointed to those positions effective June 1, 2024.”

Robert B. Kaminski, Jr. departed as President and Chief Executive Officer at MERCANTILE BANK CORP.

“Robert B. Kaminski, Jr. intends to retire as President and Chief Executive Officer of Mercantile and Raymond E. Reitsma will be appointed to those positions effective June 1, 2024.”

Raymond Reitsma was appointed as Director at MERCANTILE BANK CORP.

“On October 12, 2023, the Board of Directors of Mercantile (the "Board") increased its size from six to eight members and appointed Amy Sparks and Raymond Reitsma to fill the vacancies.”

Amy Sparks was appointed as Director at MERCANTILE BANK CORP.

“On October 12, 2023, the Board of Directors of Mercantile (the "Board") increased its size from six to eight members and appointed Amy Sparks and Raymond Reitsma to fill the vacancies.”
Earnings Releases

MERCANTILE BANK CORP reported first six months of 2023 results: net income $41.3 million, EPS $2.58 per diluted share.

“Net income during the first six months of 2023 totaled $41.3 million, or $2.58 per diluted share, compared with net income of $23.2 million, or $1.47 per diluted share, during the first six months of 2022.”
Earnings Releases

MERCANTILE BANK CORP reported second quarter of 2023 results: net income $20.4 million, EPS $1.27 per diluted share.

“Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $20.4 million, or $1.27 per diluted share, for the second quarter of 2023, compared with net income of $11.7 million, or $0.74 per diluted share, for the respective prior-year period.”
Shareholder Votes

MERCANTILE BANK CORP shareholders approved Advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement for the Annual Meeting at the 2023-05-25 meeting.

“The votes cast on the advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement for the Annual Meeting were as follows: Votes For Votes Against Abstentions Broker Non-Votes 9,480,832 195,851 33,318 2,812,004”
Shareholder Votes

MERCANTILE BANK CORP shareholders approved Ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2023 at the 2023-05-25 meeting.

“The votes cast on the ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2023 were as follows: Votes For Votes Against Abstentions Broker Non-Votes 12,443,677 68,537 9,793 0”
Shareholder Votes

MERCANTILE BANK CORP shareholders approved Approval of the Mercantile Bank Corporation Stock Incentive Plan of 2023 at the 2023-05-25 meeting.

“The votes cast to approve the Mercantile Bank Corporation Stock Incentive Plan of 2023 were as follows: Votes For Votes Against Abstentions Broker Non-Votes 9,234,713 458,822 16,466 2,812,004”
Shareholder Votes

MERCANTILE BANK CORP shareholders approved Election of six directors, each for a one-year term at the 2023-05-25 meeting.

“The votes cast on the election of directors were as follows: Nominee Votes For Votes Withheld Abstentions Broker Non-Votes David M. Cassard 9,241,879 468,123 0 2,812,004 Michael S. Davenport 9,327,945 382,057 0 2,812,004 Michelle L. Eldridge 9,386,324 323,679 0 2,812,004 Robert B. Kaminski, Jr. 9,509,677 200,325 0 2,812,004 Michael H. Price 9,520,730 189,273 0 2,812,004 David B. Ramaker 8,262,894 1,447,108 0 2,812,004”
Earnings Releases

MERCANTILE BANK CORP reported the first quarter of 2023 results: revenue $55.3 million, net income $21.0 million, EPS $1.31 per diluted share.

“percent from the regular cash dividend paid during the fourth quarter of 2022 Operating Results Total revenue, which consists of net interest income and noninterest income, was $55.3 million during the first quarter of 2023, up $15.2 million, or 37.8 percent, from $40.1 million during the prior-year first quarter. Net interest income during the first quarter of 2023”

Jeff A. Gardner retired as Director at MERCANTILE BANK CORP.

“Jeff A. Gardner retired from the Board of Directors of Mercantile Bank Corporation and that of its subsidiary, Mercantile Bank (collectively, 'Mercantile'), effective March 23, 2023.”
Auditor Changes

MERCANTILE BANK CORP engaged Plante & Moran, PLLC as its auditor.

“appointed Plante & Moran, PLLC (“Plante & Moran”) as our independent registered public accounting firm for the fiscal year ending December 31, 2023, subject to normal and customary client engagement procedures.”
Auditor Changes

MERCANTILE BANK CORP dismissed BDO USA, LLP as its auditor.

“On the same date, the Audit Committee dismissed BDO USA, LLP (“BDO”) as our independent registered public accounting firm.”
Earnings Releases

MERCANTILE BANK CORP reported financial results for the quarter and fiscal year ended December 31, 2022.

“On January 17, 2023, Mercantile Bank Corporation (the “Company”) issued a press release announcing earnings and other financial results for the quarter and fiscal year ended December 31, 2022.”

Brett Hoover changed role as Senior Vice President, Human Resources Director at MERCANTILE BANK CORP.

“On November 17, 2022, the board of directors of Mercantile Bank Corporation (the “Company”) promoted Brett Hoover to the role of Senior Vice President, Human Resources Director of the Company.”

Brett Hoover was appointed as Human Resource Director at MERCANTILE BANK CORP.

“Brett Hoover, 51, will fill the role of Human Resource Director of Mercantile Bank.”

Lonna L. Wiersma retired as Senior Vice President and Human Resource Director at MERCANTILE BANK CORP.

“On March 4, 2022, Lonna L. Wiersma, Senior Vice President and Human Resource Director of Mercantile Bank Corporation and its wholly-owned banking subsidiary, Mercantile Bank, retired.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.