| Mercantile Bank Corporation | |||
| Proposed Ticker: | MBWM | 216 North Division Avenue | |
| Exchange: | Over-the-Counter Market | Grand Rapids, MI 49503 | |
| Industry: | Financial (SIC Code 6712) | (616) 242-9000 | |
| # of Employees: | 18 | ||
| Type of Shares: | Common Shares | Filing Date: | 8/7/97 | |
| U.S. Shares Filed: | 1,300,000 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $13,000,000 | |
| Primary Shares: | 1,300,000 | Expenses: | $248,000 | |
| Secondary Shares: | 0 | Shares Out After: | 1,300,000 |
| Manager | Tier | Phone |
| Roney & Co. | Lead Manager | (313) 225-5741 |
| Issuer's Law Firm: | Dickinson, Wright, Moon, Van Dusen & Freeman |
| Bank's Law Firm: | Honigman, Miller, Schwartz & Cohn |
| Auditor: | Crowe, Chizek and Company |
| Registrar/Transfer Agent: | State Street Bank and Trust Company |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/21/97 | 7/21/97 | ||||
| Revenue: | Assets: | $0.28 | |||
| Net Income: | -$0.03 | Curr Assets: | |||
| EPS: | Liabilities: | $0.31 | |||
| Prior EPS: | $0.00 | Curr Liabilities: | |||
| Cash Flow/Oper: | $0.26 | Equity: | -$0.03 | ||
| Cash Flow/Fin: | -$0.03 | Cash: | $0.23 | ||
| Cash Flow/Inv: | -$0.03 | ||||
| Business Description |
| The company is a bank holding company. The bank intends to provide a range of commercial and consumer banking services primarily in Kent County, Michigan, including Grand Rapids and its suburbs. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for capitalization of the bank and payment of organization and preopening expenses. |
| Officer Name | Title | Age |
| Gerald R. Johnson, Jr. | Chairman of the Board, Chief Executive Officer, and Director | 50 |
| Robert B. Kaminski | Senior Vice President and Secretary | 35 |