Mercantile Bank Corporation
| $21,000,000 |
| Committed |
| 0.1% |
| of Bank bailout commitment |
| 0.1% > |
| of total bailout commitment. |
| Disbursed | $21,000,000 |
| Returned | $10,500,000 |
| Revenue to Gov't | $2,670,187 |
| Net Outstanding | $7,829,813 |
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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.
Events
-
$11M Payback
Apr. 4, 2012 Partial Repayment
Part of Capital Purchase ProgramMore 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 |
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