Mercantile Bank Corporation (NASDAQ:MBWM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 12, 2018, Thomas R. Sullivan announced his intention to retire from the Board of Directors of Mercantile Bank Corporation, and that of its subsidiary, Mercantile Bank of Michigan, effective January 1, 2019. Mr. Sullivan has served as a member of the Boards since 2014. Mr. Sullivan’s retirement is not a result of disagreement on any matter relating to Mercantile’s operations, policies or practices.
About Mercantile Bank Corporation (NASDAQ:MBWM)
Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The bank, through its approximately 50 office locations, provides commercial banking services primarily to small- to medium-sized businesses and retail banking services in and 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 owns approximately 50 automated teller machines (ATM). Its 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 its office locations. Mercantile Insurance Center, Inc. (insurance company) is a subsidiary of the Bank, which offers insurance products.