Mercantile Bank Corporation

$21,000,000

Committed

0.1%

of Bank bailout commitment

0.1% >

of total bailout commitment.

Map: Corporate headquarters of Mercantile Bank Corporation.
Grand Rapids, Mich.
See all recipients in Michigan

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About This Project

We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .

Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

Our bailout recipient list tracks the companies to which Treasury has committed money.

$11M Payback

Apr. 4, 2012 Partial Repayment

Part of Capital Purchase Program

More info from www.treasury.gov
$263K Revenue

Nov. 15, 2011 Dividend - Cumulative

Part of Capital Purchase Program
$1M Revenue

Oct. 19, 2011 Dividend - Cumulative

Part of Capital Purchase Program
$263K Revenue

May 17, 2010 Dividends payment

Part of Capital Purchase Program
$263K Revenue

Feb. 16, 2010 Dividends payment

Part of Capital Purchase Program
$263K Revenue

Nov. 16, 2009 Dividends payment

Part of Capital Purchase Program
$263K Revenue

Aug. 17, 2009 Dividends Paid in Aug. 2009

Part of Capital Purchase Program
$21M Bailout

May 15, 2009 Preferred Stock w/ Warrants

Part of Capital Purchase Program

Date	Type	Amount	Program	Description
04/04/2012	Refund	$10,500,000	CPP	Partial Repayment
11/15/2011	Dividend	$262,500	CPP	Dividend - Cumulative
10/19/2011	Dividend	$1,357,687	CPP	Dividend - Cumulative
05/17/2010	Dividend	$262,500	CPP	Dividends payment
02/16/2010	Dividend	$262,500	CPP	Dividends payment
11/16/2009	Dividend	$262,500	CPP	Dividends payment
08/17/2009	Dividend	$262,500	CPP	Dividends Paid in Aug. 2009
05/15/2009	Purchase	$21,000,000	CPP	Preferred Stock w/ Warrants