Bailout Tracker

Donate

Bailout Tracker

Tracking Every Dollar and Every Recipient

Companies » Bank (Public)

Mercantile Bank Corporation

Grand Rapids, Mich. | See all recipients in Michigan

$21M

Disbursed

$21M

Returned

$10.6M

Revenue to Gov't

$10.6M

Profit

Date	Type	Amount	Program	Description
07/03/2012	Warrant	$7,465,100	CPP	Warrant Proceeds More info...
06/06/2012	Refund	$10,500,000	CPP	Repayment More info...
06/06/2012	Dividend	$30,625	CPP	Dividend - Cumulative
05/15/2012	Dividend	$131,250	CPP	Dividend - Cumulative
04/04/2012	Refund	$10,500,000	CPP	Partial Repayment More info...
04/04/2012	Dividend	$71,458	CPP	Dividend - Cumulative
02/15/2012	Dividend	$262,500	CPP	Dividend - Cumulative
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

Find a Bailout

Find bailouts in your state

See the entire Bailout List

Get Email Updates

Sign up to get ProPublica’s biggest stories delivered straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

About the data

Our lists of recipients and programs deal only with expenditures by the Treasury Department – in other words, taxpayer money.

We've included all such money allocated by Congress, both the broader $700 billion TARP bill (later reduced to $475 billion) and the separate bailout of Fannie Mae and Freddie Mac.

Read more about this data...