Mercantile Bank of Michigan Revenue and Competitors

Location

N/A

Total Funding

Banking

Industry

Estimated Revenue & Valuation

  • Mercantile Bank of Michigan's estimated annual revenue is currently $179.1M per year.(i)
  • Mercantile Bank of Michigan's estimated revenue per employee is $231,097
  • Mercantile Bank of Michigan's current valuation is $590.8M. (January 2022)

Employee Data

  • Mercantile Bank of Michigan has 775 Employees.(i)
  • Mercantile Bank of Michigan grew their employee count by 17% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$4.1M280%N/AN/A
#2
$24.8M11823%N/AN/A
#3
$5.7M3410%N/AN/A
#4
$11.9M639%N/AN/A
#5
$10.2M5413%N/AN/A
#6
$58.9M25519%N/AN/A
#7
$49.4M21410%N/AN/A
#8
$13M691%N/AN/A
#9
$6.7M408%N/AN/A
#10
$17.2M828%N/AN/A
Add Company

Mercantile Bank of Michigan was founded in 1997 by Directors and Bankers who firmly believe that customers, employees, and the communities they live in, are best served by financial institutions with local roots. At Mercantile Bank, we use our local Directors, our commitment to the community, and our knowledge of Michigan to enable us to deliver our services in a way that truly sets us apart from our competitors. We believe mutually beneficial relationship banking, on both the consumer and corporate levels is key to strengthening the communities we serve.

keywords:N/A

N/A

Total Funding

775

Number of Employees

$179.1M

Revenue (est)

17%

Employee Growth %

$590.8M

Valuation

N/A

Accelerator

Mercantile Bank of Michigan News

2022-04-19 - Mercantile Bank commits $250K to homebuyer assistance ...

Since 1983, the Grand Rapids Business Journal has been West Michigan's primary and most-trusted source of local business news. The biweekly...

2022-04-17 - Mercantile Bank releases Q1 earnings snapshot

The holding company for Mercantile Bank of Michigan posted revenue of $45.2 million in the period. Its revenue net of interest expense was...

2022-04-17 - Mercantile Bank: Q1 Earnings Snapshot

(AP) _ Mercantile Bank Corp. (MBWM) on Tuesday reported first-quarter net income of $11.5 million. The Grand Rapids, Michigan-based bank...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$248.5M78224%N/A
#2
$15M8520%N/A
#3
$235.4M9349%N/A
#4
$75M97228%N/A
#5
$288.7M982-6%N/A