Financial M&A » By The Online Investor Staff, updated Tue., Jun. 22, 6:17 PM
Recent mergers and acquisitions in the Financial M&A category.
Slide #6. Mercantile Bank Corporation — Firstbank Corporation
| Acquirer: |
Mercantile Bank Corporation (MBWM) |
| Acquiree: |
Firstbank Corporation (FBMI) |
| Details: |
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") and Firstbank Corporation (NASDAQ: FBMI) ("Firstbank") announced today that all regulatory approvals for their proposed merger, announced on August 15, 2013, have been received. Mercantile and Firstbank shareholders previously approved the merger in December 2013. Subject to the satisfaction of customary closing conditions, the merger is expected to be completed as of June 1, 2014. The combined companies will operate as Mercantile Bank Corporation. |
Mercantile Bank, through its subsidiary, Mercantile Bank of Michigan (the bank) provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. The bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers, and safe deposit facilities are available at a majority of Co.'s office locations.
MBWM SEC Filing Email Alerts Service
Open the MBWM Page at The Online Investor »
Mercantile Bank, through its subsidiary, Mercantile Bank of Michigan (the bank) provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. The bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers, and safe deposit facilities are available at a majority of Co.'s office locations.
MBWM SEC Filing Email Alerts Service
Open the FBMI Page at The Online Investor »
| Company Name: |
| Mercantile Bank Corp. |
| Stock buyback: |
| MBWM buyback |
| Website: |
| www.mercbank.com |
| Sector: |
| Banking & Savings |
| Number of ETFs Holding MBWM: |
| 21 |
| Total Market Value Held by ETFs: |
| $46.76M |
| Total Market Capitalization: |
| $480.00M |
| % of Market Cap. Held by ETFs: |
| 9.74% |
|
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