310 Leonard St Nw Grand Rapids, MI 49504 mercbank.com
Mercantile Bank's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. It is classified as operating in the Commercial Banking industry.
What is the company's size? (Annual sales and employees)
What industry is the company in?
Mercantile Bank is a publicly traded company on NMS using the ticker symbol MBWM.
Detailed information on company financials and operating reports can be found here:
NMS: MBWM
Note: Mercantile Bank's revenues are gauged from an analysis of company filings.
Investor Activity
Mercantile Bank has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.
Date
Investors
Percent Raised
Target Size
January 31, 2022
44
100%
$90 MM
Complete list of funding rounds and total amounts in the Company Report
Trademark Applications
Trademark applications show the products and services that Mercantile Bank is developing and marketing.
Mercantile Bank's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets.
Trademarks may include brand names, product names, logos and slogans.
Trademark
Date
MERCSTART FRESH Banking services
04/26/2023
MERCSTART Banking services
06/28/2022
MERCANTILE BANK banking services
09/30/2020
See all trademarks and details in the Full Report.
Recession Risk
Determine whether Mercantile Bank grew or shrank during the last recession. This is useful in estimating the
financial strength and credit risk of the company.
Compare how recession-proof Mercantile Bank is relative to the industry overall.
While a new recession may strike a particular industry, measuring the
industry and company's robustness during the last recession estimates its ability to weather future recessions.
Market Share of Mercantile Bank's Largest Competitors
A competitive analysis shows these companies are in the same general field as Mercantile Bank, even though they may not compete head-to-head.
These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines.
The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies.
Competitive advantage comes from offering better pricing or superior products/service.
These companies are similar in business line and location to Mercantile Bank.
While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.
These companies are in the same general field as Mercantile Bank and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.